Is this the best decision statement for HH?

Defend and support your discussion. Your logic and argument must be clear and based on the MDQ model as well as the case study facts. 

PLEASE UPDATE THE ATTACHMENT TO INCORPORATE THE COMMENTS BELOW: Framing the decision statement and ensuring its accuracy and lack of biases. 1. Discuss the validity of the decision statement. Is thi

PLEASE UPDATE THE ATTACHMENT TO INCORPORATE THE COMMENTS BELOW:

Framing the decision statement and ensuring its accuracy and lack of biases.

 1. Discuss the validity of the decision statement. 

Is this the best decision statement for HH?

Defend and support your discussion. Your logic and argument must be clear and based on the MDQ model as well as the case study facts. 

1. You have articulated your position relating to the validity of the decision statement.

2. However, based on the information provided in the fact pattern, is this the best possible decision statement for the company?

Key Questions:

A. What is a sustainable growth rate for the company?

B. How can the company develop a sustainable growth rate?

2. Consider and address the following questions in the brainstorming discussion.

●What is the group (class) consensus relating to the decision statement?

● Summarize the group’s consensus relating to the decision statement and incorporate it in the final draft of your presentation.

Returning to the discussion in week one and my class summary, what is the nature of the problem or decision?

1. Is this a simple problem in search of a solution, where you can employ problem solving techniques, or is the company facing a complex (complicated problem) which requires a decision–utilizing the decision-making process or framework?

2. Conversely, are the competitive pressures and new opportunities (national and global) providing the impetus for the company to make a decision to enhance its competitiveness and strategic objectives?

Strategic Error: focusing on sales, marketing and growth performance

1. Are there discernible psychological/cognitive biases due to the initial (previous) success (growth performance) of the company?

If so, could they affect how the decision statement is framed?

2. A growth plan is not synonymous with an organization’s strategic objectives—putting the cart before the horse (Creating a recipe for disaster with an unrealistic growth plan or preoccupation with meeting growth targets.)

3. Strategic objectives (alignment) can anticipate new opportunities and threats and capacity of the company to adjust to current and future changes in consumer and demographic trends.

4. What are the factors driving the company’s growth performance, and can they be sustained?

5. What are the company’s core competencies (capabilities)?

6. What are the factors driving its competitiveness?

7. Focus on marketing but limited assessment (research) of market trends and changing consumer and demographic trends.

8. Recognition of new opportunities, competitive threats and pressures

9. Within the context of the company’s original mission and goals, is the company losing sight of its mission?

 Recall my comments on the complex decision-making process during week one:

Framework for addressing the (how) question: how corporate organizations make business decisions that are consistent with their missions, strategic objectives and competitiveness.

 Complex Contexts:

Challenge: Leaders need to probe first, then sense, and then respond.

1. This is the domain of most business problems in the global environment, where leaders must have the flexibility to adapt, anticipate changes, capitalize on new opportunities and respond to chaos.

2. Unlike the complicated context where there is at least one right answer, it is difficult to discern the cause and effect and rights answers.

3. Due to the continuous changes and new demands, the parts may be greater than the whole system.

4. Leaders cannot fully anticipate and understand all developing problems and challenges.

Therefore, they must have the capability and flexibility to adapt/respond when the dimensions of the challenges or problems become clear.

Assignment Preview:

The decision statement provided in the question (“Is this the best decision statement for HH?”) is not sufficient on its own to determine the validity of the decision being proposed for the company, HH. It would be necessary to have more information about the decision statement itself and the context surrounding it.

The MDQ model (Mission, Demands, Questions) and the case study facts can be used to help evaluate the validity of the decision statement. The MDQ model focuses on aligning a company’s mission and goals with its decision-making process, while the case study facts provide specific information about the company and the problem or decision at hand.

The key questions provided in the discussion (A. What is a sustainable growth rate for the company? B. How can the company develop a sustainable growth rate?) can also be used to help evaluate the validity of the decision statement. A sustainable growth rate would refer to the rate at which a company is able to increase its revenue or profits without overburdening its resources or risking its long-term viability. Developing a sustainable growth rate would involve understanding the factors that are driving the company’s growth performance and determining whether they can be sustained.

The class consensus and the summary provided in the final draft of the presentation should be taken into account when evaluating the validity of the decision statement. The consensus of the group can provide valuable insights into the decision statement and help identify any potential biases or weaknesses.

The problem or decision that the company is facing should also be considered. If the problem is simple and can be solved using problem-solving techniques, then the decision statement may be more straightforward. However, if the company is facing a complex problem that requires a decision-making process or framework, then the decision statement may be more nuanced.

It is also important to consider the competitive pressures and new opportunities that the company is facing, as these can influence the decision statement. If the company is facing increasing competition or new opportunities, then the decision statement may need to address these challenges.

Overall, the decision statement should be evaluated based on the MDQ model, the case study facts, the class consensus, and the nature of the problem or decision that the company is facing. The decision statement should align with the company’s mission and goals, take into account the competitive pressures and new opportunities, and be based on a thorough understanding of the factors driving the company’s growth performance.

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