Business decision making Essay Example | Topics and Well Written Essays - 2000 words

Business decision making - Essay Example If this isn’t used effectively, then the opposite response will be given and won’t provide the right impression while leaving a bad image that is within the economy. Planning and Delivery of London Olympics 2012 The process used for planning and delivery of the London Olympics for 2012 began with the concept of supply chain opportunities through the concept of Compete For. This allowed potential suppliers to work within the London Olympics 2012 while finding the most qualified for the atmosphere that was a part of the business. By offering contract opportunities, there was not only the ability to select those that fit with the atmosphere, but also to balance out the competition among businesses interested in being a part of the games. This allowed equal opportunity among suppliers and vendors and ensured that those who were working could balance the supply chain needed (Compete For, 2011). The concept of Compete For was furthered by the paper, electrical goods, furnitur e, nails, steel, radio systems, cleaning contracts and other vendor opportunities. The goods are divided by the vendors that are needed and the pending contracts that haven’t been fulfilled. There are also options for small to large restrictions and the ability for different nationalities to be a part of the supply and demand as a part of the London Olympics. ... The approach which has been taken with this is one that is not only providing the main committee with the ability to create a response, but also allows the businesses to advertise for more vendors. Those who are invited to working in the London Olympics 2012 also have the capacity of moving into the games. This is combined with the ability to advertise for other vendors by connecting to the area where vendors are needed. This allows other vendors to come in and provide more opportunities to those who are working into an online presence. The other vendors then have the ability to spread the word of working for the London Olympics 2012 while providing more that are looking into the same opportunities. This allows the committee to find a combination of vendors while offering various options that are a part of the business. The options that are available allow the marketing to work with the London Olympics while having advertising from other businesses that show they are selected as a pa rt of the committee. They can then add in PR, opportunities for their business and show that they are offering high end services. The second process is with a celebration that was given to introduce the London Olympics 2012. The UK wide celebration was an annual event that was held to show the choosing of being a part of the chosen city. Creating this as a kick off event was then able to create a different association with being a part of the Olympics. By doing this there is the ability to create a specific alternative to working within the Olympics while showing that the businesses could submit their plans and work within the committee. This provided a specific way to create an approach to advertising the business while getting response from PR, businesses and

Business process Essay Example | Topics and Well Written Essays - 1500 words

Business process - Essay Example Richard L. Daft in his book â€Å"Management† 4th Edition defines a business process, when pentagon moves thousand of tons of humanitarian aid; it needs hundreds of approvals from the government. It has to first prepare the list of things needed to be sent. It then estimates the cost of these things. Then it has to identify the source of funding for this process i-e. Where are they going to get the money to pay for this aid , either it is going to be through a government grant or through some private charity? After this has been decided again needs the approval from the government. And if it's a government grant it has to wait till they get the required budget. Then after getting the budget they again need to have approving official's signature. Then they have to wait till finance office sends the cheque. The traveling group has to make traveling arrangements and obtain travel advance i-e advance money. Then they have to obtain the traveling tickets from the concerned departme nt. And after these thirteen cumbersome steps only, the concerned people can travel and send the humanitarian aid. As already discussed all these steps were cumbersome and there was a lot of red-tape involved the entire process take too much, As a result that aids value to the recipient was less than if it was achieved immediately. As already discussed all these steps were cumbersome and there was a lot of red-tape involved the entire process take too much, As a result that aids value to the recipient was less than if it was achieved immediately. For example suppose after the Tsunami, Pentagon decided to send aid to those who lost their homes in the disaster. If the above process is being followed, it will take atleast a week for this aid to reach the people. The value of this aid for the consumer would now be less or in other words it would not be as important as if it would have been received the next day. The reason behind this loss of value for the recipients is that by the time they would have gotten the aid from the neighboring countries. They would have been able to console themselves as time is the best healer and due to diminishing marginal utility. That is if you have something then another unit of the same thing gives you less satisfaction. After Tsunamis victims received the aid from neighboring countries then the Pentagon's aid will not give these people the same utility or same value as before. Same happens with the consumer, the more time businesses take to satisfy there needs and wants the less value that thing (product or service) gives to the consumers. This is because the consumer demands are ever changing. If they demand something and if a business takes too much time in producing that thing, then by the time the business