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Whether or not to Prepare for Disaster - Research Proposal Example

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In business, the biggest reason for failure is because of making poor decisions (Ferrell and Linda, 2010). When it comes to disaster, the decision a person makes can destroy their business, or possibly, help it survive…
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Whether or not to Prepare for Disaster
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Download file to see previous pages A disaster can take many forms such as terrorist attacks, earthquakes, snowstorms, floods, among others. Therefore, it is crucial to make a decision on whether or not to prepare for a disaster before it occurs. Preparing for a disaster provides better management of crises and enables people to be well prepared when the actual disaster occurs. It also enables faster and effective response to disasters, and faster recovery of business after a disaster. Moreover, it is necessary to create an emergency plan and ensure it is backed daily on-site or off-site in a secure location (Ferrell and Linda, 2010). However, some people may not find it necessary to prepare for disaster due to various reasons. Others may fail to prepare due to lack of resources like money and time. Hence, it advisable to choose the best decision making model in order to make a proper judgment. This paper will explain how the 5-step decision making model can be used to make a decision on whether or not to prepare for disaster. The 5-step decision making model The 5-step model is straightforward and easy to use when making a decision compared to other models. It consumes less time than other models because it consists of only five steps to follow when making a decision. The first step is to define the situation or to identify the problem. ...
It is the most time consuming stage in the process of decision making, which makes it a challenge to the decision maker. However, when it is not possible to get all the information, people are forced to rely on their intuition. The third step involves gathering alternatives (Brassard and Ritter, 2010). When making a decision, there are other alternatives that a person can use; thus, it is necessary to list other available options. The list should contain other options that one is seriously considering and those that fit the main objective of the decision making process. Listing many unnecessary options only makes the decision making process more difficult than it should be, and also prolongs the time it should take to make a decision. After developing a list of other available alternatives, evaluate the options. This is the fourth step which involves assessing and ranking of the listed options. Single out the most powerful options then develop a list of criterions to use when assessing these options. When ranking the options, choose an appropriate scale such as a 10 point or 100 point scale, depending on the complexity of the decision and the total number of criterions that have been used to assess the options (Graduate school of business Administration, 2010). After ranking the options against the chosen criterion, assign weight followed by specific scores to each option. Finally multiply the scale score with the assigned weights then add the total scores of each option and make a decision. The decision making step is the final stage when making a decision using the 5-step model. However, it is the most difficult step that many ...Download file to see next pagesRead More
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