Management Decision Making

Topics: Problem solving, Decision making, SWOT analysis Pages: 3 (692 words) Published: March 23, 2013
A Good Decision Making is the advantage of linking with for eBay. They link with each other because they have a common business idea and goal. However, a good decision making is very important to achieve the business goal.

Decision-making are important skills for business. Problem-solving and decision-making are linked. They also require creativity in identifying and developing options. SWOT analysis and PEST analysis are very useful to help decision-making and problem-solving. SWOT analysis can help to assess the strength and weakness of the companies, and opportunities and threats of external factors. PEST analysis can help to assess the potential and suitability of market.

Good decision-making requires some skills. For example, creative development and identification of options, clarity of judgement,firmness of decision, and effective implementation. Moreover, Partnership companies need to have consensus in decison-making, workshops can help and include those tools and process. (Problem Solving and Decision Making)

There are six steps for companies to make deicison. First, define the problems. Second, combine all the facts and understand the reasons. Third, think about some possible solutions. Fourth, consider and compare the advantages and disadvangatages of the possible solutions. Fifth, select the best solution.Sixth, explain your decision to employee sand follow up to make sure the effective implementation.

When the partnership companies make the decisions, and eBay can share the risks,costs and the loss(or profit). Also, they can have more sources of capital to put into the busines and make a better decision to have more potential for growth. They can less their problems in financial investment. They can support each other,make a good decison and solve the problems in business together for the betterment of the company.

eBay and the partners have different skills because eBay provides service to US people and...
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