Home & Beyond Inc. is a chain of domestic merchandise retail stores of furniture and home goods. As of 2023, Home & Beyond operated approximately 500 stores across the nation. However, Home & Beyond experienced a negative cash flow of $200 million last year and the company is in danger of bankruptcy. The newly appointed CEO, Rebekah, is tasked with the mission of saving the company from potential bankruptcy. She decides to use decision analysis to identify the most effective solutions to achieve this goal.

a) Using material from all areas studied in this module, give specific examples of what Rebekah might need to do at each stage of this analysis.

b) Explain in detail the advantages of the decision analysis approach.

c) Explain the potential problems of this approach.

Answer rating: 100% (QA)

a Rebekah can use decision analysis to identify the most effective solutions for saving Home Beyond from potential bankruptcy The following are some of the steps she can take at each stage of this ana... View the full answer