Making Business Decisions
The process of Decision making is an indispensable process that affects individuals, organizations, and groups (Akdere, 2011, p. 1317).Moreover, businesses face an era of rapid technological advancements that require good decision-making skills lest a business falls to its knees. Researchers suggest a more disciplined approach to making effective judgments and forecasts (Effective decision, 2016). As such, creating a website will be a strategic move towards expanding our customer base. The decision-making process will follow the following steps:
Problem identification
The presence of the fish Charter Company was not known by locals and tourists who visited the area for short trips. Although the company was profitable by word of mouth, the lack of an online presence meant losing business.
Gathering relevant information
Collection of information such as the impact of a business having a strong online presence, the costs involved in creating websites, the requirement of creating a website and social media accounts, and a list of companies that offer these services.
Identification of possible alternatives
It involves researching and listing all possible alternative methods through which tourists and locals can access awareness of our Fish Charter. Researching will be done from internet sources, magazines, and consultations.
Evaluation of possible alternatives
The alternatives will be weighed based on their effectiveness in delivery and the cost implication, then listed in order of priority.
Selecting the best option from the list
A thorough evaluation of alternatives will help select the best option to deliver the message and the best company to carry out the task.
Implementation of the selected option
Building a website and social media accounts will occur immediately after selection.
Review of decision
This will take place two months after implementation to ascertain whether the problem was resolved. If not, the evaluation process will be repeated.
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