Subject: BUS 499 Business Administration Capstone
This is a Discussion Post assignment. You must read all attachments to complete this assignment. It is mandatory that you read and follow the directions Please provide a good detailed response. Cite sources according to Strayer Writing Standards (See Attached File) You must cite the sources correctly. ARTIFICIAL INTELLIGENCE (AI SERVICES), CHATGPT,
WRITING SERVICES, OR PLAGIARISM ARE NOT ALLOWED. Please
note that all work must be original and must be written by the writer.
Please
avoid using excessively large words. Some
may be appropriate, but do not overburden the assignment with them.
Using
simple and clear language enhances the readability and understanding of the
text. It allows the message to be easily grasped by a wider audience,
eliminating confusion and ensuring effective communication.
Assignment:
Prepare:
Complete this self-inventory (see link) to explore your personal decision-making style. Link: https://mylearningsolutions.org/2014/10/06/what-kind-of-decision-maker-are-you/
Revisit the case study from the Learn section this week: Organizational Decision Making: The Case of CoolToys, Inc. (See attached)
Discuss:
Answer the following questions about the decision-making self-inventory:
What category or categories did you align with based on your results?
What are you most confident in and what would you like to work on regarding your decision-making abilities?
In the case study, CoolToys’ leadership is considering forgoing profitability in the short term for future growth opportunities. In the business world you will be tasked with making strategic decisions.
What stands out to you as the most important data set in the case study to inform CoolToys’ leadership about their product mix decision? Why?
Provide a substantive response to one or more of your classmates.
Instructions:
Read ALL uploaded files
(attachments) to complete this assignment
Provide a professional detailed
response for this assignment order. Make personable.
Cite sources/references
correctly. You must follow the Strayer writing standards (see attached)
Use class textbook for one of your sources
Provide a substantive response to one or more of your classmates.
Week 5 – Learn
Readings
In The Leader of the Future 2: Visions, Strategies, and Practices for the New Era, read:
Chapter 18: Leadership Judgment at the Front Line.
Case Study: Organizational Decision-Making: The Case of CoolToys Inc. In this case study you will examine data-driven decision-making that can inform your business consulting plan in your Week 6 assignment. (Note: This study is provided as an example, do not answer the questions or write the report mentioned in the case study.)
Multimedia
Podcast Episode: Skills for Success. (9 min). In this episode of the Skills for Success Podcast, Andrea Backman chats with Dan Cockerell, a former executive at Walt Disney World, about the role that data plays in making decisions, solving problems, and ensuring the theme park guests have a magical experience.
Link: https://cdnapisec.kaltura.com/html5/html5lib/v2.101/mwEmbedFrame.php/p/956951/uiconf_id/43830551/entry_id/1_tta65ftj?wid=_956951&iframeembed=true&playerId=kaltura_player&entry_id=1_tta65ftj&flashvars[streamerType]=auto#
Class textbooks:
The Leader of the Future 2 : Visions, Strategies, and Practices for the New Era
Author: Frances Hesselbein, Marshall Goldsmith
Classmates Post:
Tarren Turner
Good afternoon Professor and Classmates,
The categories that I aligned with equally based on my results were systematic and intuitive. Being a systemic and intuitive thinkers means that I often times approach problems or situations by considering the broader context and interconnectedness of various elements, while also relying on my instinct and gut feelings. By combining the two I am able to navigate complex challenges with agility and creativity.
I often times leverage my intuition to guide decision making and problem solving in dynamic environments. At times being systemic I lack the ability to makes decisions on the spot and quickly as I tend to want to be able to think of all possible opportunities before making a final decision. Additionally, spontaneity is not necessarily enjoyable to me.
What stands out to me the most from the sales data is the profitability, sales data. When assessing the data to inform product mix decisions several key factors stand out. Firstly, understanding product performance is key, as it highlights top sellers. and indentifies underperforming items, guiding adjustments or discontinuation. Secondly, delving into customer segments reveals which customer segments are driving sales for specific products, enabling targeted marketing efforts. Thirdly, recognizing seasonal patterns and emerging trends helps adjust the product mix to capitalize on market fluctuations. . Lastly, identifying cross selling and upselling opportunities enhances revenue generation by leveraging complementary product relationships. By scrutinizing these aspects sales data, company leadership can optimize the product mix to align with customer preferences, maximize profitibility, and stay competitive in the market,
