though his family is running a traditional business talal has heard and learnt lots about the e business and e marketing the question he need to deal with whether he should join his father s or brother s business or he should do his own he is also co
Though his family is running a traditional business, Talal has heard and learnt lots about the e-Business and e-marketing.The question he need to deal with whether he should join his father’s or brother’s business or he should do his own.He is also considering the financial aspects. Should he take from father? Or bank or other sources such as partnership, etc.
Therefore, this is a question with no easy solution. Considering the above situation prepare a Decision Making and Problem Solving Worksheet answering the following question:
Step 1: Defining and Clarifying the Question (1 Mark)
Step 2: Develop mind mapping for the alternative (2 Marks)
Step 3: Generating Alternatives (1 Mark)
Step 4: Variables to consider (1 Mark)
Step 5: Weighing the considerations (2 Mark)
You may notice that the variables to consider are not of equal importance. Therefore, you need to weigh how important each variable is before you make your decision. In this activity, the following rating scale can be used:
