In addition to this there is also bound to be issues with conflicting interests the president might have vested interests in some of the firms as seen in the case of Standard Systems. It is, therefore, a risky decision to embrace this venture.
The decision made by the company is pretty much the final and most vital one. The board is the body that is tasked with coming up with the decisions that would be adopted by the company as the policies of the company. In the issue of selecting the firms to work with the board’s decision would be pegged on the pros and cons of the recommended actions or the presentations that would be made.
In settling for the particular firms to work with, in the set project, the Board analyses the potential and capacities of each firm to establish the suitable one to work with in this case
The board makes a thorough evaluation of the experiences and strengths of the other companies with the set standards and systems of the company. After this, the company’s decision would favor the business that is best suit to effect the operations needed by the Company and is similarly in line with systems of the …show more content…
This is because; at the very core there is the need to have a critical view point or rather perspective regarding this matter at hand. The collaborative process in decision-making is a real influence in the making of choices; this is because it places into consideration the perspectives of a wider representation. For instance, a group comprising of Jackson, the president and the IT expert from ADM (similarly a powerhouse company) would be a good representation in the decision making process. In as much as it is relatively slow, group or collaborative decision-making is more inclusive and representative of the bigger picture, the company and its stakeholders as