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Importance of Business Decision Making - Assignment Example

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This assignment "Importance of Business Decision Making" discusses choosing a suitable location for establishing a new hospital that would serve Mid Southern district hospital. The assignment analyses the second decision to build one large hospital facility or establish strategies…
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Importance of Business Decision Making
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Download file to see previous pages Various factors remained significant in locating the potential site for building the Mid Southern Hospitals NHS trust including political influence, population demographics, health conditions, medical staff interest, labor demographics and the possibility for future expansion. The aforementioned factors were indispensable during decision-making that involved choosing Woolen Mills as the preferred location for the hospital (Ferrell, Fraedrich & Ferrell pg.204, 2010).
Political factors contribute fundamental role in economic and health decision issues. Most importantly, political stakeholders consisting of community members, private entities, and businesspersons have an immense role influencing in health issues and associated decision-making process. Mid southern district and its population have an inherent and remarkable political history that influences decision-making processes within the region. The district consists of two influential constitutes that have a history of political rivalry mainly due to economic growth and development. In most cases, development projects either associated with the public or private entities results in political crises involving great opposition and protests. Therefore, it was imperative to make skillfully informed political decisions before deciding the locality of the health facility (Gupta 2007, p. 155).
First, there existed politically caused rumors concerning the construction of the new hospital facility around the region. Community members within the district had received information that the project of building the new hospital would involve private organizations who seemingly have an unwelcomed public image.   ...Download file to see next pagesRead More
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