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Decisions in Paradise II. Decisions in Paradise II As it was discussed in
the previous paper, our company was looking at establishing ...
Decisions in Paradise II. Introduction The island of Kava has many obstacles
yet to overcome. The citizens of Kava have endured the ...
Decisions in Paradise Part II. Introduction “Decision making is the process
of defining a problem and choosing a course of action ...
Decisions in Paradise Part II. ICC is looking at establishing a greater
presence in Kava. Several issues and answers are needed to ...
Decisions in Paradise. Decisions in Paradise II In Decisions in Paradise I, the
many problems facing the Morales Importers company were discussed. ...
Submitted by bushy1985 on November 19, 2007
Category: Business
Words: 876 | Pages: 4
Views: 911
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Decisions in Paradise II
As it was discussed in the previous paper, our company was looking at establishing a greater presence in Kava. Several issues and answers were needed to be researched for the meeting with the stakeholders. This paper will describe the various decision-making tools that were employed to prepare for the meeting.
Numerous tools are available to gather data that will assist stakeholders in determining if the project risks are acceptable. To start, we need to know who the stakeholders are. A stakeholder is defined as “individuals who perceive themselves to have an interest in the actions of an organization. They may be customers, shareholders, employees, or just members of society” (Lattimore, Baskin, Heiman, Toth, & Van Leuven, 2004, p.139). By identifying the stakeholders, the project planners can analyze the individual or group concerns through a stakeholder analysis.
De Kluyver and Pearce state that a stakeholder analysis is “the process of identifying and prioritizing key stakeholders, assessing their needs and concerns, and incorporating their ideas and insights into the strategy formulation process”( What is strategy, 2006, p.7). The analysis can assist with identifying who the project proponents are. Additional attention could then be used to research the concerns that the opponents of the project may voice. The primary goal is to have a majority, if not all, of the stakeholders in agreement with the final decision. The following figure identifies the project stakeholders.
From reviewing the stakeholders’ analysis, the key players are supporters of the project while on the other hand, security and fiscal office see the risks too high. The stockholders are predicted as being neutral. If the stockholders see that the risks are too high, they could be influenced by the opponents to change their decisions. Chris Morales is confident that after presenting all of the research data, the project will...
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