Decision making Process
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The document discusses the process of decision making regarding opening a new food corner in a food court. It outlines the typical steps: 1) Identifying the problem, 2) Analyzing causes, 3) Developing alternatives, 4) Evaluating alternatives, 5) Selecting the best method, and 6) Implementation and feedback. For this specific problem, the alternatives developed were a pizza shop, ice cream stall, halal food corner, and coffee shop. After evaluating the pros and cons, a coffee house was selected as the best option to implement.
Decision making Process
- 1. Secrets of The Success
- 3. What is Decision Making??? “It is the process of Selecting The Best Solution Among Alternatives in order to solve a problem.”
- 4. Process of Decision Making Evaluating Identification Analyzing alternatives Implementation causes Developing of alternative & & for situations Problem problem Selecting the Feed back best method
- 5. 1 ST S t e p
- 6. Identification of Problem Which sort of a food corner should be opened in the food court in Bambalapitiya
- 7. 2 nd S t e p
- 8. Analyzing Causes for the Problem The large number of food outlets that provide different kinds of foods, already established in the food court.
- 9. 3 rd S t e p
- 10. Developing Alternatives A Pizza Shop Ice Cream Stall Halal Food Corner Coffee Shop
- 11. 4 th S t e p
- 12. Evaluative Alternatives 01. Pizza Shop Pros: Cons: At present there is a good Formidable competition demand. Have to create our own High profit per unit. image which is not second to Pizza hut Have to bear high promotional cost
- 13. 02. Ice-cream Stall Pros: Cons: High demand among High competition every range of age E.g. Roots Can be provided under Decreasing of demand an affordable price due to some seasonal changes Can provide various kinds of ice cream E.g. Ice-cream Flavors such as, Chocolate & Vanilla Additionally providing sweetness like trickle & chocolate syrups
- 14. 03. Halal Food Corner Pros: Cons: High demand Limited into a specific market segment Low extended availability High cost Have a good trend Enclosed with Relatively low competition sophisticated procedure
- 15. 04. Coffee House Pros: Cons: High demand Requires a certain amount of advertising & promotions Popular among every range of age in any country Threads from other organizations. E.g. Coffee Beans & Barista Low production cost High sales from customized products that suit any customer need. E.g. Diabetics, young & working crowd
- 16. 5 th S t e p
- 17. Selecting the Best Method Coffee House
- 18. 6 th S t e p
- 20. GREEN MOUNTAIN COFFEE HOUSE “My Blood type is coffee”
- 21. Our Products Kids Oriented Products Lovers Oriented Products Exclusive Market Segment Oriented
- 24. Exclusive Market Segment Oriented