SlideShare una empresa de Scribd logo
1 de 26
Secrets
     of
The Success
Decision Making
What is Decision Making???

“It is the process of Selecting
    The Best Solution Among
 Alternatives in order to solve
            a problem.”
Process of Decision Making



                                           Evaluating
Identification   Analyzing                 alternatives    Implementation
                  causes     Developing
      of                     alternative        &                &
                    for      situations
  Problem        problem                   Selecting the     Feed back
                                           best method
1 ST S t e p
Identification of Problem


Which sort of a food corner
  should be opened in the
food court in Bambalapitiya
2 nd S t e p
Analyzing Causes for the
               Problem


   The large number of food outlets that
    provide different kinds of foods, already
    established in the food court.
3 rd S t e p
Developing Alternatives
 A Pizza Shop
 Ice Cream Stall
 Halal Food Corner
 Coffee Shop
4 th S t e p
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
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
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
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
5 th S t e p
Selecting the Best Method



  Coffee House
6 th S t e p
Implementation & Feedback
GREEN
  MOUNTAIN
COFFEE HOUSE



     “My Blood type is coffee”
Our Products


       Kids Oriented Products
      Lovers Oriented Products
 Exclusive Market Segment Oriented
Kids Oriented Products
Lovers Oriented Products
Exclusive Market Segment
        Oriented
Our Working Environment
Secrets of Decision Making

Más contenido relacionado

La actualidad más candente

Case Study CokeSmart Machine
Case Study CokeSmart MachineCase Study CokeSmart Machine
Case Study CokeSmart Machinepranitprakash
 
Coca Cola's Biggest Marketing Blunder
Coca Cola's Biggest Marketing BlunderCoca Cola's Biggest Marketing Blunder
Coca Cola's Biggest Marketing BlunderSurbhi Aggarwal
 
Marketing presentation final
Marketing presentation finalMarketing presentation final
Marketing presentation finalMamoona Zaeem
 
Krispy Natural Case Study
Krispy Natural Case StudyKrispy Natural Case Study
Krispy Natural Case StudySwagat Padhan
 
Coca Cola Brand in a Nutshell
Coca Cola Brand in a NutshellCoca Cola Brand in a Nutshell
Coca Cola Brand in a NutshellDeepthak Joshi
 
TNS NIPO seminar 3 juli - Case: Johnnie Walker
TNS NIPO seminar  3 juli - Case: Johnnie WalkerTNS NIPO seminar  3 juli - Case: Johnnie Walker
TNS NIPO seminar 3 juli - Case: Johnnie WalkerKantar TNS
 
Starbucks Product Line Extension
Starbucks Product Line ExtensionStarbucks Product Line Extension
Starbucks Product Line ExtensionIlya Gurin
 
Product+strategy+f2012
Product+strategy+f2012 Product+strategy+f2012
Product+strategy+f2012 Emma Daly
 

La actualidad más candente (9)

Case Study CokeSmart Machine
Case Study CokeSmart MachineCase Study CokeSmart Machine
Case Study CokeSmart Machine
 
Coca Cola's Biggest Marketing Blunder
Coca Cola's Biggest Marketing BlunderCoca Cola's Biggest Marketing Blunder
Coca Cola's Biggest Marketing Blunder
 
Marketing presentation final
Marketing presentation finalMarketing presentation final
Marketing presentation final
 
Krispy Natural Case Study
Krispy Natural Case StudyKrispy Natural Case Study
Krispy Natural Case Study
 
Coca Cola Brand in a Nutshell
Coca Cola Brand in a NutshellCoca Cola Brand in a Nutshell
Coca Cola Brand in a Nutshell
 
TNS NIPO seminar 3 juli - Case: Johnnie Walker
TNS NIPO seminar  3 juli - Case: Johnnie WalkerTNS NIPO seminar  3 juli - Case: Johnnie Walker
TNS NIPO seminar 3 juli - Case: Johnnie Walker
 
Starbucks Product Line Extension
Starbucks Product Line ExtensionStarbucks Product Line Extension
Starbucks Product Line Extension
 
Next-Generation Platform Strategies for Restaurant Development
Next-Generation Platform Strategies for Restaurant DevelopmentNext-Generation Platform Strategies for Restaurant Development
Next-Generation Platform Strategies for Restaurant Development
 
Product+strategy+f2012
Product+strategy+f2012 Product+strategy+f2012
Product+strategy+f2012
 

Similar a Secrets of Decision Making

Marketing 25 chapter 4
Marketing 25 chapter 4Marketing 25 chapter 4
Marketing 25 chapter 4Gia Lara
 
Decision making and its process...
Decision making and its process...Decision making and its process...
Decision making and its process...Vijay Meattle
 
New Product Assessment PowerPoint Presentation Slides
New Product Assessment PowerPoint Presentation SlidesNew Product Assessment PowerPoint Presentation Slides
New Product Assessment PowerPoint Presentation SlidesSlideTeam
 
L Oreal Final 022110
L Oreal Final 022110L Oreal Final 022110
L Oreal Final 022110NJAMA
 
Lindt Shared Services Model Recommendation
Lindt Shared Services Model RecommendationLindt Shared Services Model Recommendation
Lindt Shared Services Model RecommendationKelly Bowker
 
Four p`s for FC Ghee.pptx
Four p`s for FC Ghee.pptxFour p`s for FC Ghee.pptx
Four p`s for FC Ghee.pptxRoshan Kumar
 
Sales and marketing in a down market
Sales and marketing in a down marketSales and marketing in a down market
Sales and marketing in a down marketDavid Schwartz
 
Britannia case study | Business Model
Britannia case study | Business ModelBritannia case study | Business Model
Britannia case study | Business ModelIshan Dwivedi
 
Keurig Presentation_LI
Keurig Presentation_LIKeurig Presentation_LI
Keurig Presentation_LIRoy Campos
 
Mcdonalds UAE- PESTLE, Porter's 5, SWOT, Issues & Recomendations.
Mcdonalds UAE- PESTLE, Porter's 5, SWOT, Issues & Recomendations.Mcdonalds UAE- PESTLE, Porter's 5, SWOT, Issues & Recomendations.
Mcdonalds UAE- PESTLE, Porter's 5, SWOT, Issues & Recomendations.Arshed Aydrose
 

Similar a Secrets of Decision Making (20)

Dairy milk
Dairy milkDairy milk
Dairy milk
 
Marketing 25 chapter 4
Marketing 25 chapter 4Marketing 25 chapter 4
Marketing 25 chapter 4
 
Self Stirring Mug
Self Stirring MugSelf Stirring Mug
Self Stirring Mug
 
Decision making and its process...
Decision making and its process...Decision making and its process...
Decision making and its process...
 
New Product Assessment PowerPoint Presentation Slides
New Product Assessment PowerPoint Presentation SlidesNew Product Assessment PowerPoint Presentation Slides
New Product Assessment PowerPoint Presentation Slides
 
L Oreal Final 022110
L Oreal Final 022110L Oreal Final 022110
L Oreal Final 022110
 
Lindt Shared Services Model Recommendation
Lindt Shared Services Model RecommendationLindt Shared Services Model Recommendation
Lindt Shared Services Model Recommendation
 
Four p`s for FC Ghee.pptx
Four p`s for FC Ghee.pptxFour p`s for FC Ghee.pptx
Four p`s for FC Ghee.pptx
 
Krave Jerky lessons learned
Krave Jerky lessons learnedKrave Jerky lessons learned
Krave Jerky lessons learned
 
Kellogs
KellogsKellogs
Kellogs
 
Sales and marketing in a down market
Sales and marketing in a down marketSales and marketing in a down market
Sales and marketing in a down market
 
Bislery an analysis
Bislery  an analysisBislery  an analysis
Bislery an analysis
 
Britannia case study | Business Model
Britannia case study | Business ModelBritannia case study | Business Model
Britannia case study | Business Model
 
Starbucks price strategy
Starbucks price strategyStarbucks price strategy
Starbucks price strategy
 
Keurig Presentation_LI
Keurig Presentation_LIKeurig Presentation_LI
Keurig Presentation_LI
 
Krispy kreme ihu
Krispy kreme ihuKrispy kreme ihu
Krispy kreme ihu
 
Mc donald's case study
Mc donald's case studyMc donald's case study
Mc donald's case study
 
Product Strategy
Product StrategyProduct Strategy
Product Strategy
 
Keurig
KeurigKeurig
Keurig
 
Mcdonalds UAE- PESTLE, Porter's 5, SWOT, Issues & Recomendations.
Mcdonalds UAE- PESTLE, Porter's 5, SWOT, Issues & Recomendations.Mcdonalds UAE- PESTLE, Porter's 5, SWOT, Issues & Recomendations.
Mcdonalds UAE- PESTLE, Porter's 5, SWOT, Issues & Recomendations.
 

Más de Rashmi Dissanayake

Quality mgt practices in airtel
Quality mgt practices in airtelQuality mgt practices in airtel
Quality mgt practices in airtelRashmi Dissanayake
 
Tech book store case study analysis
Tech book store   case study analysisTech book store   case study analysis
Tech book store case study analysisRashmi Dissanayake
 
Tech book store case study analysis
Tech book store   case study analysisTech book store   case study analysis
Tech book store case study analysisRashmi Dissanayake
 
Product design & process analysis at Hirdaramini
Product design & process analysis at HirdaraminiProduct design & process analysis at Hirdaramini
Product design & process analysis at HirdaraminiRashmi Dissanayake
 
Case study analysis of automotive industry.
Case study analysis of automotive industry.Case study analysis of automotive industry.
Case study analysis of automotive industry.Rashmi Dissanayake
 
Tea manufacturing process part 1
Tea manufacturing process part 1Tea manufacturing process part 1
Tea manufacturing process part 1Rashmi Dissanayake
 
Foundation for political science
Foundation for political scienceFoundation for political science
Foundation for political scienceRashmi Dissanayake
 
Marketing plan for salon praba
Marketing plan for  salon prabaMarketing plan for  salon praba
Marketing plan for salon prabaRashmi Dissanayake
 
Quality management in rathnayake tea factory
Quality management in rathnayake tea factoryQuality management in rathnayake tea factory
Quality management in rathnayake tea factoryRashmi Dissanayake
 
Dialog telekom & it’s internal dynamic
Dialog telekom & it’s internal dynamicDialog telekom & it’s internal dynamic
Dialog telekom & it’s internal dynamicRashmi Dissanayake
 
Tea manufacturing process part 1
Tea manufacturing process part 1Tea manufacturing process part 1
Tea manufacturing process part 1Rashmi Dissanayake
 

Más de Rashmi Dissanayake (15)

Quality mgt practices in airtel
Quality mgt practices in airtelQuality mgt practices in airtel
Quality mgt practices in airtel
 
Tech book store case study analysis
Tech book store   case study analysisTech book store   case study analysis
Tech book store case study analysis
 
Tech book store case study analysis
Tech book store   case study analysisTech book store   case study analysis
Tech book store case study analysis
 
Product design & process analysis at Hirdaramini
Product design & process analysis at HirdaraminiProduct design & process analysis at Hirdaramini
Product design & process analysis at Hirdaramini
 
Facility location Arpico
Facility location   ArpicoFacility location   Arpico
Facility location Arpico
 
Motivation of employees
Motivation of employeesMotivation of employees
Motivation of employees
 
Star Hotel
Star HotelStar Hotel
Star Hotel
 
Case study analysis of automotive industry.
Case study analysis of automotive industry.Case study analysis of automotive industry.
Case study analysis of automotive industry.
 
Tea manufacturing process part 1
Tea manufacturing process part 1Tea manufacturing process part 1
Tea manufacturing process part 1
 
Foundation for political science
Foundation for political scienceFoundation for political science
Foundation for political science
 
Quality management
Quality managementQuality management
Quality management
 
Marketing plan for salon praba
Marketing plan for  salon prabaMarketing plan for  salon praba
Marketing plan for salon praba
 
Quality management in rathnayake tea factory
Quality management in rathnayake tea factoryQuality management in rathnayake tea factory
Quality management in rathnayake tea factory
 
Dialog telekom & it’s internal dynamic
Dialog telekom & it’s internal dynamicDialog telekom & it’s internal dynamic
Dialog telekom & it’s internal dynamic
 
Tea manufacturing process part 1
Tea manufacturing process part 1Tea manufacturing process part 1
Tea manufacturing process part 1
 

Último

APM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across SectorsAPM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across SectorsAssociation for Project Management
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdfQucHHunhnh
 
Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)eniolaolutunde
 
Sports & Fitness Value Added Course FY..
Sports & Fitness Value Added Course FY..Sports & Fitness Value Added Course FY..
Sports & Fitness Value Added Course FY..Disha Kariya
 
Organic Name Reactions for the students and aspirants of Chemistry12th.pptx
Organic Name Reactions  for the students and aspirants of Chemistry12th.pptxOrganic Name Reactions  for the students and aspirants of Chemistry12th.pptx
Organic Name Reactions for the students and aspirants of Chemistry12th.pptxVS Mahajan Coaching Centre
 
Measures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeMeasures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeThiyagu K
 
Arihant handbook biology for class 11 .pdf
Arihant handbook biology for class 11 .pdfArihant handbook biology for class 11 .pdf
Arihant handbook biology for class 11 .pdfchloefrazer622
 
social pharmacy d-pharm 1st year by Pragati K. Mahajan
social pharmacy d-pharm 1st year by Pragati K. Mahajansocial pharmacy d-pharm 1st year by Pragati K. Mahajan
social pharmacy d-pharm 1st year by Pragati K. Mahajanpragatimahajan3
 
The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13Steve Thomason
 
Z Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphZ Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphThiyagu K
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingTechSoup
 
Russian Call Girls in Andheri Airport Mumbai WhatsApp 9167673311 💞 Full Nigh...
Russian Call Girls in Andheri Airport Mumbai WhatsApp  9167673311 💞 Full Nigh...Russian Call Girls in Andheri Airport Mumbai WhatsApp  9167673311 💞 Full Nigh...
Russian Call Girls in Andheri Airport Mumbai WhatsApp 9167673311 💞 Full Nigh...Pooja Nehwal
 
Sanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdfSanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdfsanyamsingh5019
 
Mastering the Unannounced Regulatory Inspection
Mastering the Unannounced Regulatory InspectionMastering the Unannounced Regulatory Inspection
Mastering the Unannounced Regulatory InspectionSafetyChain Software
 
A Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformA Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformChameera Dedduwage
 
microwave assisted reaction. General introduction
microwave assisted reaction. General introductionmicrowave assisted reaction. General introduction
microwave assisted reaction. General introductionMaksud Ahmed
 
Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Celine George
 

Último (20)

APM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across SectorsAPM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across Sectors
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
 
Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)
 
Sports & Fitness Value Added Course FY..
Sports & Fitness Value Added Course FY..Sports & Fitness Value Added Course FY..
Sports & Fitness Value Added Course FY..
 
Organic Name Reactions for the students and aspirants of Chemistry12th.pptx
Organic Name Reactions  for the students and aspirants of Chemistry12th.pptxOrganic Name Reactions  for the students and aspirants of Chemistry12th.pptx
Organic Name Reactions for the students and aspirants of Chemistry12th.pptx
 
Measures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeMeasures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and Mode
 
Arihant handbook biology for class 11 .pdf
Arihant handbook biology for class 11 .pdfArihant handbook biology for class 11 .pdf
Arihant handbook biology for class 11 .pdf
 
social pharmacy d-pharm 1st year by Pragati K. Mahajan
social pharmacy d-pharm 1st year by Pragati K. Mahajansocial pharmacy d-pharm 1st year by Pragati K. Mahajan
social pharmacy d-pharm 1st year by Pragati K. Mahajan
 
The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13
 
Z Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphZ Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot Graph
 
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy Consulting
 
Russian Call Girls in Andheri Airport Mumbai WhatsApp 9167673311 💞 Full Nigh...
Russian Call Girls in Andheri Airport Mumbai WhatsApp  9167673311 💞 Full Nigh...Russian Call Girls in Andheri Airport Mumbai WhatsApp  9167673311 💞 Full Nigh...
Russian Call Girls in Andheri Airport Mumbai WhatsApp 9167673311 💞 Full Nigh...
 
Sanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdfSanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdf
 
Mattingly "AI & Prompt Design: The Basics of Prompt Design"
Mattingly "AI & Prompt Design: The Basics of Prompt Design"Mattingly "AI & Prompt Design: The Basics of Prompt Design"
Mattingly "AI & Prompt Design: The Basics of Prompt Design"
 
Advance Mobile Application Development class 07
Advance Mobile Application Development class 07Advance Mobile Application Development class 07
Advance Mobile Application Development class 07
 
Mastering the Unannounced Regulatory Inspection
Mastering the Unannounced Regulatory InspectionMastering the Unannounced Regulatory Inspection
Mastering the Unannounced Regulatory Inspection
 
A Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformA Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy Reform
 
microwave assisted reaction. General introduction
microwave assisted reaction. General introductionmicrowave assisted reaction. General introduction
microwave assisted reaction. General introduction
 
Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17
 

Secrets of Decision Making

  • 1. Secrets of The Success
  • 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
  • 5. 1 ST S t e p
  • 6. Identification of Problem Which sort of a food corner should be opened in the food court in Bambalapitiya
  • 7. 2 nd S t e p
  • 8. Analyzing Causes for the Problem  The large number of food outlets that provide different kinds of foods, already established in the food court.
  • 9. 3 rd S t e p
  • 10. Developing Alternatives  A Pizza Shop  Ice Cream Stall  Halal Food Corner  Coffee Shop
  • 11. 4 th S t e p
  • 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
  • 16. 5 th S t e p
  • 17. Selecting the Best Method Coffee House
  • 18. 6 th S t e p
  • 20. GREEN MOUNTAIN COFFEE HOUSE “My Blood type is coffee”
  • 21. Our Products  Kids Oriented Products  Lovers Oriented Products  Exclusive Market Segment Oriented