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PARADISE PART II
1




                                          Paradise Part II

                                             MGT350




       Nik’s organization is going into the project a little deeper and need to decide if Kava is

the right thing to do. In Decisions in Paradise Part I, issues facing by Nik’s organization both

internal and external were identified and also possible solutions were addressed. Decision-
PARADISE PART I                                                                           2


making is an important process to effectively decide if Kava has potential. This paper will

discuss the following topics: decision-making techniques, steps used in applying the techniques,

and an examination of the decision-making model chosen with an explanation of how it

influences and/or the proposed solution

                                  Decision-Making Techniques

       Decision making is a necessary skill that a leader should master. Nik and Alex need to

master it so that they can make timely, well-considered decisions. If Nik and Alex make poor

decisions, the project in Kava will come to end and they will have failed the company, the island

of Kava and the stakeholders. The decision making techniques that Nik and Alex should consider

to master the decision making process are making the choice in advance, compare similar

options, avoid decisions under pressure, and finally used commitment devices.

       If Nik and Alex make decisions in advance it will make Nik and Alex in charge of the

situation. Even though Nik and Alex have to overcome many obstacles, making the decision in

advance will likely cut down on detrimental outcomes. This will also assist in the finishing well

ahead of time and if something goes wrong they have time to fix whatever comes in their way.

       Nik and Alex need to compare the options of decisions. Without comparing them, this

will justify for bad decision. By comparing options, Nik and Alex will be able to make the

choice in their long-term interests which that is seen the Kava project come a reality.

       Even though Kava has many obstacles, Nik and Alex need to find their peace and not

make decisions under pressure. They should try to avoid making decisions under pressure so that

they can consider what they should do and not make mistakes. If they give time to think, they are

much more likely to reach the right decision.
PARADISE PART I                                                                               3


       The technique to use commitment devices is a terrific tool for decision making. For

example, stay dedicated to the people of Kava, the long-term goal and the stakeholders as well. If

they stay committed the decisions will come easy and will not get off track of their project.

                                                Step-by-Step

       The first step that Nik and Alex would need to take is complete a cost benefit analysis

and determine the advantages and disadvantages of the project of Kava by using this decision-

making process and the techniques mention before. Using the cost benefit analysis may help

identify any unexpected costs that may be needed. The second step would be to identify the

perspective, limitations, and timelines. It is helpful when knowing the timeline and extent of the

project to help determine the cost of the project. The third step would be to assign the costs.

During this step it is important to classify and allocate the costs likely to be acquiring when

starting this project. The fourth step in this process is to assign financial values to the benefits.

The fifth step is to consider the longer-term effects. If the project were to go on longer than

expected, it is important to make sure that the future value is calculated. In the last step it is

important to beware of assumptions. During this step it is necessary to make sure that Nik and

Alex are attentive of the statements that have been made to arrive at all the numbers that have

been used in the cost/benefit analysis.




                                          Decision-Making Model

       After Nik completes the step-by-step of cost benefit analysis, he should use the nine-step

decision-making model to reach his decision. The first step that should be taken is identifying the

problem. Once the problem is identified a successful decision can be made. If the problem is not
PARADISE PART I                                                                              4


identified correctly then the correct decision will not be made. The second step is to identify the

decision criteria. The third step of this process is to evaluate the effect of the problem. The fourth

step is to identify causes of the problem and the fifth step in the process is to frame alternatives.

During this step it is important to try to think of other solutions that can help resolve the problem

at hand. The sixth step of the rational decision-making model is to evaluate impacts of

alternatives. This step is important so that the decision maker can determine the advantages and

disadvantages of each alternative. The seventh step in this process is to choose the best decision.

However, it does not end here. The last two steps are implement decision and measure impacts.

Using this decision-making process will allow Nik to go through and determine which

alternatives have the best advantages and disadvantages. This will allow him to make his

decision without possessing a bias opinion or thinks is best.

                                             Conclusion

       The cost benefit analysis will be useful to help Nik determine if it is cost worthy of

adding this organization to Kava. If all works out well the decision making techniques and the

nine-step decision process model will help Nik make the best decision. The decision-making

process could take some time, but it will be worth it when Nik makes the correct decision and the

organization sees the dream come true.




                                             Reference

University of Phoenix. (2013). Decisions in Paradise Business Scenario. Retrieved from

       University of Phoenix, MGT 350 website

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Part ii mgt 350

  • 1. PARADISE PART II 1 Paradise Part II MGT350 Nik’s organization is going into the project a little deeper and need to decide if Kava is the right thing to do. In Decisions in Paradise Part I, issues facing by Nik’s organization both internal and external were identified and also possible solutions were addressed. Decision-
  • 2. PARADISE PART I 2 making is an important process to effectively decide if Kava has potential. This paper will discuss the following topics: decision-making techniques, steps used in applying the techniques, and an examination of the decision-making model chosen with an explanation of how it influences and/or the proposed solution Decision-Making Techniques Decision making is a necessary skill that a leader should master. Nik and Alex need to master it so that they can make timely, well-considered decisions. If Nik and Alex make poor decisions, the project in Kava will come to end and they will have failed the company, the island of Kava and the stakeholders. The decision making techniques that Nik and Alex should consider to master the decision making process are making the choice in advance, compare similar options, avoid decisions under pressure, and finally used commitment devices. If Nik and Alex make decisions in advance it will make Nik and Alex in charge of the situation. Even though Nik and Alex have to overcome many obstacles, making the decision in advance will likely cut down on detrimental outcomes. This will also assist in the finishing well ahead of time and if something goes wrong they have time to fix whatever comes in their way. Nik and Alex need to compare the options of decisions. Without comparing them, this will justify for bad decision. By comparing options, Nik and Alex will be able to make the choice in their long-term interests which that is seen the Kava project come a reality. Even though Kava has many obstacles, Nik and Alex need to find their peace and not make decisions under pressure. They should try to avoid making decisions under pressure so that they can consider what they should do and not make mistakes. If they give time to think, they are much more likely to reach the right decision.
  • 3. PARADISE PART I 3 The technique to use commitment devices is a terrific tool for decision making. For example, stay dedicated to the people of Kava, the long-term goal and the stakeholders as well. If they stay committed the decisions will come easy and will not get off track of their project. Step-by-Step The first step that Nik and Alex would need to take is complete a cost benefit analysis and determine the advantages and disadvantages of the project of Kava by using this decision- making process and the techniques mention before. Using the cost benefit analysis may help identify any unexpected costs that may be needed. The second step would be to identify the perspective, limitations, and timelines. It is helpful when knowing the timeline and extent of the project to help determine the cost of the project. The third step would be to assign the costs. During this step it is important to classify and allocate the costs likely to be acquiring when starting this project. The fourth step in this process is to assign financial values to the benefits. The fifth step is to consider the longer-term effects. If the project were to go on longer than expected, it is important to make sure that the future value is calculated. In the last step it is important to beware of assumptions. During this step it is necessary to make sure that Nik and Alex are attentive of the statements that have been made to arrive at all the numbers that have been used in the cost/benefit analysis. Decision-Making Model After Nik completes the step-by-step of cost benefit analysis, he should use the nine-step decision-making model to reach his decision. The first step that should be taken is identifying the problem. Once the problem is identified a successful decision can be made. If the problem is not
  • 4. PARADISE PART I 4 identified correctly then the correct decision will not be made. The second step is to identify the decision criteria. The third step of this process is to evaluate the effect of the problem. The fourth step is to identify causes of the problem and the fifth step in the process is to frame alternatives. During this step it is important to try to think of other solutions that can help resolve the problem at hand. The sixth step of the rational decision-making model is to evaluate impacts of alternatives. This step is important so that the decision maker can determine the advantages and disadvantages of each alternative. The seventh step in this process is to choose the best decision. However, it does not end here. The last two steps are implement decision and measure impacts. Using this decision-making process will allow Nik to go through and determine which alternatives have the best advantages and disadvantages. This will allow him to make his decision without possessing a bias opinion or thinks is best. Conclusion The cost benefit analysis will be useful to help Nik determine if it is cost worthy of adding this organization to Kava. If all works out well the decision making techniques and the nine-step decision process model will help Nik make the best decision. The decision-making process could take some time, but it will be worth it when Nik makes the correct decision and the organization sees the dream come true. Reference University of Phoenix. (2013). Decisions in Paradise Business Scenario. Retrieved from University of Phoenix, MGT 350 website