March 11, 2013

Reflective writing on RDM (Day 3)

What- Is focusing too much on the figures a good decision making ? No. For WareRider Company presentation, there is no doubt that financial figures, such as cost, NPV, ROI, profit, are important. But our team point out that financial firgures only give you a corner picture of the whole dicision making process, hence it is limited and bias.

Why- Business world is complex and changing every day. The financial figue made it today could be unvalid tomorrow. Think about what is the impact on the environment, how does the decision influence environment; think about social, how does the decision affect poeple social life? Or in the other way, how will environment affect our decision making? Although I understand that using too many analysis tools could cost too much time and lead to more questions, it goes backs to the question what tools are best ideal for the organisation to choose and how to use it wisely.

How-Do not use only decision tree or cost-benefit analysis. Most of the team done a good job on balancing the tools used, for example, AHP, SWOT and so on. However, it is important to state that how does the other tool affect the decision have already made on by using decision tree? Why the change on the decision or why no change on the decision?


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