Making process normally used by you and family member

Reference no: EM13313098

Describe how you would handle the decision making process in the following scenario: You and a close family member have decided to open your own retail clothing store. You have equal investment risk, but different skill sets that bring a well-rounded approach to the overall business strategy. Critical business decisions must be made and as with any business there are times when partners do not agree. Write a 2 page paper in APA format (not including cover sheet and reference pages) describing the business decision making process and how conflicts would be resolved for launching a controversial line of clothes. Your paper should include the following:

• What is the decision making process normally used by you and family member?

• Is there one person responsible for the new line of clothes or accessories due to their experience and skill set, or are decisions mutually agreed upon?

• Describe how the conflict would be resolved with you wanting to launch the clothing line, while your business partner does not.

• How would the decision-making process help resolve this conflict? Consider the special challenge of working to make a company decision with family involvement.

Reference no: EM13313098

Questions Cloud

Calculate the value of kinetic friction : From rest, a 26.7 kg child is sliding down a 5.12 meter long playground slide in a time of 1.98 seconds. Calculate the value of kinetic friction

What mass of pac must be placed in a contact basin : If the toluene concentration in the water supply is 1,000 ppb, the treatment objective is 5 ppb, and the flow of water is 378 L/min (100 gpm), what mass of PAC must be placed in a contact basin on a daily basis to satisfy the treatment objective

Find the speed of a satellite in a geosynchronous orbit : Communications satellites are placed in a circular orbit where they stay directly over a fixed point on the equator as the earth rotates. find the speed of a satellite in a geosynchronous orbit

How many extractions are required to decreases concentration : How many extractions are required to decrease the concentration of phenol below 100 mg/L in a wastewater containing 2000 mg/L of phenol if an ether-to-watewater ratio of 0.2 by volume is used in each extraction

Making process normally used by you and family member : What is the decision making process normally used by you and family member? Is there one person responsible for the new line of clothes or accessories due to their experience and skill set, or are decisions mutually agreed upon?

What is the power delivered to the proton by magnetic field : A proton is accelerated from rest across a potential difference of 4V. What is the power delivered to the proton by the magnetic field

Consider array size 20 populated with random integer values : Write a recursive methodnmbDigitswhich takes an integer value as parameter and returns the number of digits of the parameter value (for examplenmbDigits(2054) is 4).

Simplex method step by step in algebraic : Work through the simplex method step by step in algebraic form to solve this problem. Work through the simplex method step by step in tabular form to solve the problem

Determine the volume flow rate of the water : A horizontal water jet impinges against a vertical flat plate at 25 ft/s and splashes off the sides in the vertical plane. If a horizontal force of 350 lbf is required to hold the plate against the water stream,

User Account

All Pages