This weeks discussion will focus on management decision-making and control in two companies, American corporation Amazon.com, Inc. and Chinese company Alibaba Group Holding Limited.
Decision-making and control are two vital, and often interlinked, functions of international management. Strategic evaluation and control are the processes of determining the effectiveness of a given strategy in achieving the organizational objectives and taking corrective actions whenever required. Control can be exercised through formulation of contingency strategies and a crisis management team.
For your discussion, use the Decision-Making Process (stages 1-9) outlined in the textbook p.390 (Fig 11-1) and this Modules content. Visit the corporate websites of two companies, and , and examine what these firms are doing relating to the strategic evaluation and control process definition in the process above.
For example:
- Stage 1: What is one problem perception for each company?
- Stage 2: What is the problem identification for each company?
- Repeat for stages 3-9.
What overall assumptions can you make using this decision-making process?
Embed course material concepts, principles, and theories, which require supporting citations along with two scholarly peer-reviewed references supporting your answer.
