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Essay / Research Paper Abstract
This 3 page paper looks at a case scenario provided by the student where decision need to be made. The first part of the paper discusses which tool was used; a management matrix, and considers which other tools would have been viable, the value of the tool that was used and the outcome of the scenario. The bibliography cites 2 sources.
Page Count:
3 pages (~225 words per page)
File: TS14_TEcritcase.rtf
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Unformatted sample text from the term paper:
than identifying only symptoms and trying to treat symptoms, then using the analysis to identify potential solution to the problem in order to gain an optimal mix. The tool
used is a management matrix this starts by allowing the user to collect together the apparent problems and then categorize them across to two scales those of urgency and how
critical they are to the business. This is a useful tool as it helps to guide the way a solutions is developed, strategies should deal with the urgent and critical
issues as a priority, the potential solutions may be tailored using the matrix as a guide to match the solution to the problems rather than the symptoms. There are
other tools which could have been used in order to assess the situation ands help to determine potential solutions. In order to determine which are the critical and the non
critical issues as well as the urgent and non urgent issues traditional tools may have been used, such as the SWOT analysis to assess the strengths weaknesses, opportunities and threats
faced internally and externally. For example, while it appears the manager may be a problem, this is not the case, she has a good track record, using a SWOT analysis
it maybe possible to identify that she is a strength to the firm, likewise the importance of the new store and the threat of two new stores will become apparent.
A similar tool is the TOWS model. The external environment may be assessed in more depth to assess the best way of dealing with the threats and competition with a
Porters Five Forces an analysis (Mintzberg et al, 2003). However, these are also tools that can be used in a form of matrix to which the potential solutions and the
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