1. Indicate the order in which these steps will be performed in the tactical decision making model....
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Question:
1. Indicate the order in which these steps will be performed in the tactical decision making model.
Step 1Step 2Step 3Step 4Step 5Step 6Step 1 | Recognize and define the problem. Elena defined the problem as a need to expand the business to offer nursing home care. | |
Step 1Step 2Step 3Step 4Step 5Step 6Step 6 | Select the alternative with the greatest benefit which also supports the organization's strategic objectives. This remains to be done. | |
Step 1Step 2Step 3Step 4Step 5Step 6Step 3 | Identify the predicted costs and benefits associated with each feasible alternative. Eliminate the costs and benefits that are not relevant to the decision. Bernadette presented costs of the Basic Care and Lifestyle Care alternatives. Peter presented the expected revenues for three types of patients. | |
Step 1Step 2Step 3Step 4Step 5Step 6Step 4 | Assess qualitative factors. This remains to be done. | |
Step 1Step 2Step 3Step 4Step 5Step 6Step 2 | Identify alternatives as possible solutions to the problem, and eliminate alternatives that are not feasible. Bernadette, Peter, and Elena discussed alternatives by email and found five options. All but the fifth option were eliminated as not feasible. The fifth option was further refined into two alternatives: Basic Care and Lifestyle Care. | |
Step 1Step 2Step 3Step 4Step 5Step 6Step 5 | Compare the relevant costs and benefits for each alternative, and relate each alternative to the overall strategic goals of the firm and other important qualitative factors. This remains to be done. |
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