Decisions in Paradise Part II

p Decisions in Paradise Part II

After enumerating the possible courses of action that have to be taken in to decide about the possible establishment of JetBlue in Kava we still have to choose an appropriate decision making technique . The use of a decision making technique in this business scenario will strengthen the key points mentioned in the previous

Decision making is a very essential aspect of every business . However decision making comes with great responsibility . In to make the correct and appropriate decisions for the business , we have to use also

br the appropriate business techniques . Remember that the success of the business or organization depends on the wellness or poorness of the decision it makes ADDIN EN .CITE Decision making techniques : How to make better decisions2007August 32007Mind toolshttp /www .mindtools .com /pages /main /newMN_TED .htm "Decision making techniques : How to make better decisions " 2007

I already showed the positive and negative outcomes of the possible establishment of JetBlue in Kava . However , the points seem to be unorganized . Because of this , I will have to use a decision making technique that will organize the pros and cons of the possible establishment of JetBlue in Kava . The technique that I will be using is the PMI (Plus /Minus /Interesting . This technique is often used to weigh the pros and cons of a certain decision ADDIN EN .CITE Decision making techniques : How to make better decisions2007August 32007Mind toolshttp /www .mindtools .com /pages /main /newMN_TED .htm "Decision making techniques : How to make better decisions " 2007 In using this kind of decision making tool , you already have your set of options and the only thing that you have to do is test these options if they can do the situation any better

How do we utilize this decision making technique ? First , we have to make three columns in which the first column is called the plus , the second is the minus , and the third is the `interesting column . In the Plus column , we have to enumerate the positive effects of the decisions . In the minus column , we will have to indicate the negative outcomes if the decision is made . Last but not the least , indicate the possible implications of taking the action in the Interesting column ADDIN EN .CITE Decision making techniques : How to make better decisions2007August 32007Mind toolshttp /www .mindtools .com /pages /main /newMN_TED .htm "Decision making techniques : How to make better decisions " 2007

By doing the instructions above , we may already have an idea on whether we should or should not pursue the decision . However , we still have to weigh these pros and cons . We will be able to do this when we assign a positive or negative score to the following actions . After doing this we will need to add up the scores . Of course , positive scores imply that we should pursue the action and negative scores imply that we should not take the certain actions ADDIN EN .CITE Decision making techniques : How to make better decisions2007August 32007Mind toolshttp...