Question
In addition to understanding the proper implementation of
each decision-making process, familybusinesses can make sound
business decisions by recognizing the importance of several
stepswhich include: embracing necessary change, taking steps to
understand family members and how tobest communicate with each
individual, determining in advance what will be the process
ofaddressing a lack of unanimity, and not thinking of
decision-making con?ict as the same thing asrelationship con?ict.
Sources:Banda, Brent. “Strategic Decision Making in a Family
Business.” Banda Marketing Group. 2013.
Rivers, Wayne. “The Paradox of Family Business
Decision-Making.” Family Business Institute.
2009.-decision-making.htmlHofstrand, Don. “Making Family Business
Decisions.” Iowa State University: Extension and Outreach.2013.
Case AnalysisLearning Objective:11-01 How canpeople
integraterational andnonrational modelsof decision making?
Learning Objective: 11-04 How do I decideto decide?
Di?culty: 2MediumLearning Objective:11-02 It’s hard to
berational. What arethe biases that get inthe way?
Learning Objective: 11-06 What are thepros and cons of group
decision makingand the various problem-solving tools?References
1.Award: 10.00 pointsProblems? Adjust creditfor all
students.Learning Objective: 11-04 How do Idecide to decide?
Learning Objective: 11-06 What are thepros and cons of group
decision makingand the various problem-solving tools?
Other samples, services and questions:
When you use PaperHelp, you save one valuable — TIME
You can spend it for more important things than paper writing.
