Mr. Anderson is the CEO of a consultancy firm in Aguascalientes, Mexico. The annual turnover of the company for the last year was 1.32 crore. Anderson is dedicated and finds ideas to get more projects for the company.
The company was expanding to a new location in Denmark. He had a handful of young and talented professionals. As the company was growing, he believed that more workforce is required and it should get more business. A meeting was scheduled with all senior management members, where all the alternatives for how the working of the new location would take place were discussed. It was decided that as the team in Aguascalientes would get more projects, a new team should be formed for Denmark. All the pros and cons of these alternatives were discussed and a separate team was formed that would work dedicatedly on getting business. A plan was put into action, and the team started understanding the environmental factors, the possibility of markets from where they could get business. At the time of the financial review, the Denmark location was found to have made considerable profits in its first working year.
Questions
1. If you were in the CEO’s position, would you take a similar step of group decision-making or would you be using a different method?
2. What could be the pros and cons of group decision-making in the above case?
3. Can you think of other alternatives than those mentioned above?