Decision making play in strategy formulation
Problem: What roles do problem solving and decision making play in strategy formulation?
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Question 1: I would agree that there are some factors that are out of your control but you have to identify a mitigation or identifying effort to see the train coming. How would you do that in your company?
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The manager would like to run his ideas by you first to figure out what would be the best scenario to focus on. The expected earnings are shown in the table below. What decision should be made based on Maximin criterion?
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Betty realizes that she needs to develop a strategic response to the challenges created by Awards R US' entrance into the market. She wonders whether she should try to compete in the standardized product market, the customized product market, or b
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