Below are three different scenarios. For each scenario, propose at least two possible solutions and explain how you arrived at these solutions. Choose the best solution and justify your decision based on the information you have gathered from the background readings. For each proposed solution, also identify the potential outcomes and explain how these outcomes could impact the company. Consider both short-term and long-term outcomes, as well as any potential risks or drawbacks associated with each solution. You should also include a comparison of the solutions proposed for each scenario. Which solution is the best overall, and why? How do the potential outcomes of each solution compare, and what are the key factors that influenced your decision? 

1. The company you work for is in crisis. Several new competitors have been rapidly growing and taking away your customers. Your company's sales are steadily dropping. You and the rest of the top management team know that creative new strategies are needed to keep up with the new competitors. Nobody is sure what needs to be done, but it is clear something drastic and original needs to happen to keep the company afloat. The top management team members are all extroverts who are not afraid to speak up at meetings, but they are often prone to conventional thinking. Which group decision-making technique do you recommend? Explain your reasoning, using the background readings to support your answer. 

2. Your company is facing cost overruns and needs solutions on how best to cut costs. The top management team includes both introverts and extroverts, with the extroverts usually dominating the conversation at meetings. Furthermore, meetings with this group often go off the agenda and drift into tangential subjects. A quick decision needs to be made with input from all members of the team. Which group decision-making technique do you recommend? Explain your reasoning, using the background readings to support your answer. 

3. Your company needs to purchase a new software system as the old one is out of date. Your team consists of IT managers from all of the company's overseas divisions. These managers are highly skilled and very knowledgeable about the different software options, but it is difficult to arrange a meeting with them due to the time differences and their very busy schedules. The decision is not urgent, but you need to decide within the next three months. Which group decision-making technique do you recommend? Explain your reasoning, using the background readings to support your

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1 Scenario 1 Creative Solutions for Competitor Challenge Possible Solutions a Brainstorming This technique encourages generating a large number of ideas in a nonjudgmental environment Since the manage... View the full answer