1 Assignment BUSA 230 Second semester 2021.2022 Time Section Date 181412022 No. Student Name Student No. Aya Adas 1. 2. 3. 4. 5. 6. Case study: Making Decision Toys"R"Us, a retailer of toys, children's books, and children's apparelhas prospered chiand ranked #1 over the years until recently, when Wal-Mart surpassed sythem to become the number one toy retailer in the United States. Gerald Storch, CEO of Toys"R"Us has made a number of decisions that will hopefully help Toys"R"Us to better compete against Wal-Mart. a Storch has made some courageousts a nonprogrammed decisions to improve the performance of Toys"R"Us. By hiring new executives is changing the corporate culture, and training employees, Storch hopes that Toys"R"Us will soon overtake Wal-Mart as the number one toy seller in the United States. When making these decisions, Storch did not make them alone. Management probably listed relevant alternatives in some order of desirability se before choosing an alternative to implement. Both the internal and external environments of Toys"R"Us would have to be analyzed. Problems would have to be identified first by management. Once the problem is identified, management would have to list all possible problem solutions. After eliminating infeasible on jess solutions, Toys"R"Us management would have to evaluate all remaining solutions, select one, and implement it. Problem-related feedback would be extremely important and Storch would need to find out whether the decisions made and implemented did in fact improve performance. If not, he would need to decide what additional action should be taken to do so The decision-making process contains a great deal of uncertainty yo tools that they can use to make better decision is the probability theory to obtain an expected value for various decision alternatives and then implement the aftermative with the highest expected value. DISCUSSION QUESTIONS 1. List three alternatives that Toys R Usmanagement might consider in handling competition from Wal-Mart before making a decision to remodel Toys R Us existing stores. 2. What information would management need to evaluate these three alternatives? 3. Do you think that you would enjoy making this decision of whether or not to remodel Toys R Us' stores? Explain. 3 More 1 Assignment BUSA 230 Second semester 2021.2022 Time Section Date 181412022 No. Student Name Student No. Aya Adas 1. 2. 3. 4. 5. 6. Case study: Making Decision Toys"R"Us, a retailer of toys, children's books, and children's apparelhas prospered chiand ranked #1 over the years until recently, when Wal-Mart surpassed sythem to become the number one toy retailer in the United States. Gerald Storch, CEO of Toys"R"Us has made a number of decisions that will hopefully help Toys"R"Us to better compete against Wal-Mart. a Storch has made some courageousts a nonprogrammed decisions to improve the performance of Toys"R"Us. By hiring new executives is changing the corporate culture, and training employees, Storch hopes that Toys"R"Us will soon overtake Wal-Mart as the number one toy seller in the United States. When making these decisions, Storch did not make them alone. Management probably listed relevant alternatives in some order of desirability se before choosing an alternative to implement. Both the internal and external environments of Toys"R"Us would have to be analyzed. Problems would have to be identified first by management. Once the problem is identified, management would have to list all possible problem solutions. After eliminating infeasible on jess solutions, Toys"R"Us management would have to evaluate all remaining solutions, select one, and implement it. Problem-related feedback would be extremely important and Storch would need to find out whether the decisions made and implemented did in fact improve performance. If not, he would need to decide what additional action should be taken to do so The decision-making process contains a great deal of uncertainty yo tools that they can use to make better decision is the probability theory to obtain an expected value for various decision alternatives and then implement the aftermative with the highest expected value. DISCUSSION QUESTIONS 1. List three alternatives that Toys R Usmanagement might consider in handling competition from Wal-Mart before making a decision to remodel Toys R Us existing stores. 2. What information would management need to evaluate these three alternatives? 3. Do you think that you would enjoy making this decision of whether or not to remodel Toys R Us' stores? Explain. 3 More