The document discusses the process of decision making regarding opening a new food corner in a food court. It outlines the typical steps: 1) Identifying the problem, 2) Analyzing causes, 3) Developing alternatives, 4) Evaluating alternatives, 5) Selecting the best method, and 6) Implementation and feedback. For this specific problem, the alternatives developed were a pizza shop, ice cream stall, halal food corner, and coffee shop. After evaluating the pros and cons, a coffee house was selected as the best option to implement.
3. What is Decision Making???
“It is the process of Selecting
The Best Solution Among
Alternatives in order to solve
a problem.”
4. Process of Decision Making
Evaluating
Identification Analyzing alternatives Implementation
causes Developing
of alternative & &
for situations
Problem problem Selecting the Feed back
best method
12. Evaluative Alternatives
01. Pizza Shop
Pros: Cons:
At present there is a good Formidable competition
demand.
Have to create our own
High profit per unit. image which is not second
to Pizza hut
Have to bear high
promotional cost
13. 02. Ice-cream Stall
Pros: Cons:
High demand among High competition
every range of age E.g. Roots
Can be provided under Decreasing of demand
an affordable price due to some seasonal
changes
Can provide various kinds
of ice cream
E.g. Ice-cream Flavors such as,
Chocolate & Vanilla
Additionally providing sweetness like
trickle & chocolate syrups
14. 03. Halal Food Corner
Pros: Cons:
High demand Limited into a specific
market segment
Low extended availability
High cost
Have a good trend
Enclosed with
Relatively low competition sophisticated procedure
15. 04. Coffee House
Pros: Cons:
High demand Requires a certain amount
of advertising & promotions
Popular among every range
of age in any country Threads from other
organizations.
E.g. Coffee Beans & Barista
Low production cost
High sales from customized
products that suit any
customer need.
E.g. Diabetics, young & working crowd