MDQ STEP ONE: DECISION STATEMENT

Now that you are familiar with Hannah’s Hats and the decision that Harry Hannah is tasked with making, you will begin the process of making a decision using the MDQ decision making model. The purpose of Week 4’s Discussion is to discuss step one of the MDQ model, possible decision statements you come up with to be discredited through discussion, validate and support the correct decision statement for the discussion, and to become familiar with Hannah’s Hats’ complex decision using the model.

The goal of this discussion is for you to understand the purpose of a decision statement.  FOLLOW the directions step by step.

Discuss the triggers or opportunity pushing Hannah’s Hats (HH) to make a decision.

Identify the goal Harry wants the decision to achieve in making this decision.  (Later on in the model, HH will create specific objectives it wishes to accomplish in the final decision)

Examine the following question: HOW CAN HARRY HANNAH INCREASE PROFITS?

Discuss the validity of this decision statement. Is this the best decision statement for HH? If not, what is the best decision statement for HH? Defend and support your stance. Your logic and argument must be clear and based on the MDQ model as well as the case study facts. If it is not supportable from the facts and the purpose of the model step, it is not considered logical. Keep in mind that once you make your selection regarding the best decision statement, you may not change your decision for the purposes of this discussion.

Does this decision statement you selected seek to solve a problem or make a decision? Why? Explain and justify why a decision statement would not contain solutions….

SOLUTION

Discuss the triggers or opportunities pushing Hannah’s Hats (HH) to decide.

The potential for HH to increase revenue is enormous. The offer to expand quickly is appealing. Many things can go wrong with strategic thinking. With so many viable options, the notion is creative (Universal Class, n.d.). Hannah’s Hats (HH) faces triggers and chances that require decisions. HH’s trigger is the need to increase profitability, a frequent worry for enterprises seeking market survival.

Goal of the Decision

Harry’s decision-making process is guided by the need to protect his sales growth investment to balance profitability and corporate finances. He may even hope to expand his business into a 75-million-dollar business. Harry knows that his mistakes could affect Hannah’s Hats’ future due to his inexperience. Thus, he prioritizes the company’s survival over everything else, ensuring that his policies lead to long-term success and sustainability even in difficult times (UMGC, n.d.).

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