Qualitative Decision-Making

Paper Summary:

This paper explains that many companies have now embraced a decision-making process that is not solely dependent on financial statistics, but will add more to the company than profits. The paper further explains that, although, quantitative factors will continue to be important, more companies are engaging in analyses that focus on human resources, economic factors that affect demand and supply, and quality measures. The paper then looks at how this approach applies to Eclipse Technologies.

Outline:
Incremental Cost Analysis
Non-Financial Factors for Eclipse Technologies
The Role of Technology at Eclipse Technologies Limited: A Qualitative Assessment
Demand and Supply Characteristics: Understanding the Market/Consumer Structure
Human Resource Model for Eclipse Technologies Limited
Why Focus on the Strategic Development of Employee Loyalty?
Total Quality Management
Conclusion: Qualitative Versus Quantitative Factors

From the Paper:

"Technological advancements have allowed communication and information technology to cost less and be more efficient to market and produce goods. As such Eclipse Technologies should consider efficiencies related to technology, that are not related to the financial aspects, that is, there has to be an evaluation related to the supposed benefits of technology and how they impact operations based on the choices to expand the Nass operations or to establish a new operation in Lisbon."

Sample of Sources Used:

• Gomez-Mejia, L. & Balkin, D. Management. 8th Ed. New York: McGraw-Hill, 2002.
• McConnell, C. and B., Stanley. Macroeconomics 16th Edition. New York: McGraw-Hill, 2005.
• Schneider, William. "Why Good Management Ideas Fail - The Neglected Power of Organizational Culture". The CEO Refresher, July 2002. <http://www.refresher.com/!neglected> (April 18, 2007)
• Turban, E., Rainer, R., Potter, R. Introduction to Information Technology. New York: John Wiley and Sons, Incorporated, 2003.
• Ulrich, David. Human Resource Champions. Harvard Business School Press, 1997

More papers on Qualitative Decision-Making:

• Research Proposal # 92505 : "Clinical Decision-Making Skills"
• Term Paper # 119267 : "Qualitative Research Methods"
• Analytical Essay # 133437 : "Research Overview"

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