317 Discussion Responses
Here are one discussion post response from a classmate that needs a response. Must be APA format, in text citations, 2 legitimate/ verifiable sources per response. 150-200 words per response. Plagiarism Free. Due December 6 by 10:00 PM EST 26 hours. This one single discussion post.
Discussion Post #1
Finances and customers are treated as the top two concerns for PPO. The two factors are equal because all businesses need responsible financing to survive and customers to maintain those finances by generating revenue. With the plantations losing production in the near future both the existing customers under contract and PPO’s finances are in jeopardy. Collectively the two factors make up 70 percent of the decision-making process making them the primary concerns for PPO when making a decision.
The next two factors are CAPO and the environmental impact which are equal at 15 percent each. The two factors are equal because they are linked in the ability to influence both with CAPO only be satisfied when the environmental conditions improve. Once improvements are made then CAPO will likely end the protests or maybe endorse PPO as a good source of sustainable palm oil in the future. CAPO and the environment are secondary concerns to PPO because the main concerns are maintaining operations and customers during the upcoming rough times for the business. CAPO and the environment may have an impact on PPO but significantly less than slowed production would have on the business as a whole. With this in mind it is important to consider the two factors but not put too much emphasis on them as they are not “make-or-break” for PPO. A bias for the manager to look out for is the framing bias whereby, decision makers are influenced by the way that a situation or problem is presented (Faulty Decision Making, n.d.). If the manager frames the decision around CAPO and the environment they will likely lead PPO in to making the wrong decision in the end.
The decision alternative that PPO will pick based not the decision matrices is creating sustainable palm tree oil and replanting the plantation on existing land. This decision was chosen because it clearly scored the highest using the objective decision matrices keeping in mind the most important factors of finances and customers with the highest weight of 35 percent each or a combined of 70 percent. The chosen decision fulfills PPO’s objectives by scoring the highest in the most objective categories cumulatively allowing for them to retain existing customers, finance operations through revenue, mitigate environmental damage, and gain the favor of CAPO while putting an end to protests.
Blenko, M., & Mankins, M. (2019, January 25). Measuring decision effectiveness. Retrieved December 3, 2019, from https://www.bain.com/insights/measuring-decision-effectiveness.
[Decision Education Foundation]. (2019, May 24). Episode 15 It’s Your Choice: Makes Sense and Feels Right (IYC). Retrieved from https://youtu.be/Jn3cRWG8vp0.
Faulty Decision Making. (n.d.). Retrieved December 3, 2019, from https://saylordotorg.github.io/text_organizational-behavior-v1.1/s15-03-faulty-decision-making.html.
[Mind Tools Videos]. (2018, September 19). Decision Matrix Analysis: How to Make a Good Decision When Comparing Many Different Factors. Retrieved from https://www.youtube.com/watch?v=xO7xJ1sTyPI
White, P. (2015, October 30). 3 Steps to Building a Decision Matrix: News & InsightsNexight Group. Retrieved December 3, 2019, from https://www.nexightgroup.com/3-steps-to-building-a-decision-matrix/.