Decision-making process in business Essay Example | Topics and Well Written Essays - 500 words

Decision- qualification process in stock - Essay ExampleSales of electric blankets were unusually high at this time. Sales of grills were also unusually high during the fourth quarter. These financial bungling unfolded the actual state of affairs in Sunbeam.Al Dunlaps four step plan impacting financial, personnel, core business and strategy of Sunbeam had elements of controversy. The changes they brought about were fundamental and drastic. They failed to foresee the wide term impact of their actions. They did not cater to the rule that balance is the key to most successes.As for human beings relations, Al Dunlaps arrogance that his Mean Business policies were accountable for Sunbeams turnaround caused investors and the public to question Sunbeams integrity. Dunlap aired his views that his trance team sees opportunities where others see impossibilities.Al Dunlaps management team performance was flawed from the beginning. They failed to (1) consider that cost sharp on a mass sca le is counter productive, (2) realize that cutting down such a huge amount of jobs is actually downsizing business, and (3) categorize core business as profit making exercise rather than link each product with Sunbeam and sell off those that did not drop cloth within the five categories of core business.The lessons that could be learnt from the outcome are that one must exercise more(prenominal) caution and care in turning around companies.