BUSINESS DECISION MAKING

Business Decision making



Business Decision Making Alpha Foods

Introduction

Decision making is part of daily business, but it is not easy to decide, as there are numerous parameters to consider when a business undergoes certain changes in the organization. Decision making is a prerequisite for resolving most important problems in the. In each case, a sensible analysis of variants of the decision requires a careful comparison of benefits and costs (often but not always money) alternative ways of proceeding. Hence, Decision making is the process of recognizing and selecting the best option among different available alternatives on the basis of the values and judgment of the decision maker. In this paper, we will discuss the Business Decision making of Alpha Foods based on financial and other factors and the outcome of these decisions. The option selected by Alpha Foods will have the highest probability of success and properly associated with the goals, objectives and mission of the decision maker. The decision which is made by Alpha Foods has considered the uncertainty and risk regarding the substitutes and best option available for them. In this part, collection of information is very important as the decision based on the available information, through appropriate information convenient one can reduce the uncertainly.

Discussion

Before making any decision, first we will see the status of the food industry in United States. U.S. food industry in United States has been growing and well developed. It is most important industries in United States which comprises of meat, milk, production of alcoholic and soft drinks, canned and flour. However, the allocated areas of enterprises for flour are in the north-western states and along the Great Lakes, meet in Chicago, Kansas City, Omaha (Nebraska), breast (Wisconsin and Minnesota) and tin (California) industry.

It is due to recession, people have been seeking for trade off between the price and the brand. Food products of intimate brands have shown dispersion in the superstore which increases from 15 percent to more than 18 percent before the recession of total sales in 2010. Now, the economy has shown an improvement, the private foods products estimated to remain strong, however, the there might be difficult for the private packaged food to recover the market share which has lost. However, companies have been investing much of the funds in the advance technologies for the betterment of the customers.

According to the researchers technologies has changed the shape of the world, but it is not necessary that every technology provide benefit to the company. It depends on the nature of the technology and the nature of t eh company. However, Alpha Foods is considering how far this is true in their business. Is it “Technology has changed every aspect of how we do business?” for this purpose the company wants to make a Business Decision. This will be based on primary and secondary which have gathered for the strong and effective decision.

Methodology

In order to make an authoritative decision, Alpha Foods conducted primary as well as secondary ...