Marketing Decision-making and Case Analysis


Skill in decision-making is a prerequisite to being an effective marketing manager. Indeed, Nobel laureate Herbert Simon viewed managing and decision-making as being one and the same. Another management theorist, Peter Drucker, has said that the burden of decision-making can be lessened and better decisions can result if a manager recognizes that decision-making is a rational and systematic process and that its organization is a definite sequence of steps, each of them in turn rational and systematic.

 Just as decision-making and managing can be viewed as being identical in scope, so the decision-making process and case analysis go hand in hand. For this reason, many companies today use case studies when interviewing an applicant to assess his or her decision-making skill. They have found that the applicant’s approach to the case demonstrates strategic thinking, analytical ability and judgment, along with a variety of communication skills, including listening, questioning, and dealing with confrontation.

 My Consultancy–Asif J. Mir – Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, Line of Sight

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Planning to Plan


The purpose of the first step in the strategic planning process is to develop among key internal decision makers an initial agreement about the overall strategic planning effort and main planning steps. This represents a kind of “plan to plan.”

The support and commitment of key decision makers are vital if strategic planning and change are to succeed. But the importance o their early involvement goes beyond the need for their support and commitment. They supply information vital to the planning effort: who should be involved, when key decision points will occur, and what arguments are likely to be persuasive at various points in the process. They can also provide critical resources legitimacy, staff assignments, a budget, and meeting space.

Every strategic planning effort is in effect a story or play that must have the correct setting; themes; plots and subplots; actors; scenes; beginning, middle, and conclusion; and interpretation. Only key decision makers have access to enough information and resources to allow for the effective development and direction of such a story.

My Consultancy–Asif J. Mir – Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, Line of Sight

Vision and Decision


This phase is really a process of moving from awareness to commitment, especially among the key managers who must prepare to drive the rest of the organization. The aim here is to convince key people that a great opportunity—or looming problems—lies ahead and that radical thinking around a new paradigm is necessary to make real progress. All the work a company does during this phase—reckoning where it stands competitively on time-based performance, building a vision, and deciding how to proceed—is preparation for the big moves to follow. Some changes in how the company works occur naturally in this phase—good analysis always produces some early obvious action steps. But the real purpose of this phase is to build commitment to a new way of looking at the competitive game and how the managers must play it.

 

Reckoning where the company stands includes looking hard at its own current performance and direction in relation to what the best companies are doing and what the near future will surely bring. So the process has both an internal and an external analytic component. The internal part involves putting together moving pictures of how the company actually works in time—how it processes information, manages projects, moves materials, engages customers, and so on, and how all this is influenced by the firm’s briefs, practices, policies, and systems. The external part involves describing what customers what now and how they would be served ideally, and pacing together moving pictures of how the best time-based competitors operate. Together these two parts allow management to self-discover in concrete fashion the new time-based paradigm and the capabilities the company must build to gain control of it.

 

My Consultancy–Asif J. Mir – Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, Line of Sight