Discussion Post: Handling Tough Decisions in the Workplace
Managers make numerous decisions on a daily basis. For some, the best choice is easy or straightforward to determine. If a machine breaks down, you either need to repair it or replace it. In an increasingly interconnected and complex world, however, the best decisions can often be unclear. Consider where you would stand on the following scenario:
A company has developed a new product for which there is a great demand. The consensus of the leadership team is that the company should capitalize on this opportunity and hike up the price to generate a 300% return on each sale. They feel that, as long as the marketplace is willing to pay for it, then there is no problem, especially since this would help solve recent discussions of layoffs due to declining sales. Only one person in the leadership team voices disapproval of this approach, saying that this is a greedy action that would rip off customers and go against the company's values. The person feels that-despite what it would mean for the business-the product should be priced to generate a 40% return, which is an average return for the company's products.
Task:
Respond to two or more of your colleagues' posts "See below" in one or more of the following ways:
a) Relate your own experiences to those of your colleague, including similar or different approaches you took to address your own situation and your reasoning for your decision.
b) Provide an alternative viewpoint on your colleague's situation or on how your colleague might approach the situation in the future. Include a rationale to support your response.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.