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DECISIONS
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Example 1 Example 2
Alternatives Advantages Disadvantages Cost – Benefit
Analysis o Strengths: internal factors which make it possible to exploit external
1. Contact a skilled - Hiring skilled tradesmen outside the plant Costs:
tradesman from outside - Fast solution to remedy the problem may be an issue with the union.
- One day production disruption
Benefits : opportunities and defend against threats.
the plant to repair the
press immediately.
- Parts replacement means enhance efficiency. - Four days of production disruption.
o Weaknesses: internal factors which may block an exploitation of
2. Repair the press using
new parts.
- Avoidance of hiring outside workers, as project
cost includes vendors who will do the installation
- An additional production cost to each unit
will be incurred as three process steps handled external opportunities and render the company vulnerable to
external threats
- As the press becomes reliable, a possibility of by the ton press will be outsourced. Cost:
eliminating the trouble-shooting job from the Benefits:
stamping operation.
3. Repair the press (using
either new and old parts) - Elimination of two steps in the process, making
- A risky option since it is technically ambitious
- Uncertain as to how well it would work and o Opportunities: external factors which, if well managed, can
reinforce the position of the product in the market.
and at the same time the ton press completes three steps at once. how long it would take. Cost:
- Will utilize less operator (three fewer) each - Two weeks production disruption Benefits:
install a new, more shift - Three months to be operational.
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Implementation refers to carrying out the decisions so Feedback refers to the process which requires
that the objectives sought will be achieved. To make checking at each stage of the process to assure that
implementation effective, a plan must be devised. the alternatives generated, the criteria used in
evaluation, and the solution selected for
implementation are in keeping with the goals and
objectives originally specified.
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“MAKING GOOD
DECISIONS IS A CRUCIAL
SKILL SET AT EVERY
LEVEL.”
PETER DRUCKER