Strategically discuss step four in the decision - making process. Write four decision alternatives with supporting advice that Jamie can go to include: franchise the business, expand the business, expand the menu options, or do nothing to combat the declining of sales.

• Guide Jamie to make a good decision using a clear approach ( such as the seven steps of decision making process highlighted in the lecture)
• Identify certain decision making traps that undermine you and your teams decision process while discussing the case.
  • Decision making trap to discuss is overconfidence with a group team setting and with the alternatives.

Read the following :

1. The case study and the suggestion box results. Lect 1 case a.pdf Lect 1 case a.pdf - Alternative Formats and Lect 1 case b.pdf Lect 1 case b.pdf - Alternative Formats
2. Hammond, D.C., Keeney, R. & Raiffa,H. 1998. The Hidden Traps in Decision Making", Harvard Business Review, 76(5): 47-58. Traps in DM_1_.pdf Traps in DM_1_.pdf - Alternative Formats
3. Each management example of a trap should be approximately a paragraph in length, well-developed, well-written, and adequately referenced to the source. Provide a Works Cited page.