Decision Making and the Implication of Change

Paper Summary:

This paper briefly identifies, summarizes and evaluates the ideas presented by Alfred D. Chandler Jr. on the modern decision-making process. The paper also discusses the factor of change and its role in decision-making and focuses, in particular, on the decision-making process at the business level.

From the Paper:

"The element of change has played a far greater role than expected. I believe this shift will continue and not focus so much on corporate America but on smaller, independent firms and also contractor/freelance demographics. These segments will explode over the next ten years as more employees become disillusioned by American corporate culture. Today's small businessperson carries a greater amount of responsibility on their shoulders but due to recent poor business practices, one cannot help but sense an air of distrust for corporate America. One wants the control of taking care of one's own businesses. The possibilities for these segments are endless due to new technologies in telecommunications like video conferencing and the role of globalization within the market. It is a smart strategy for businesses to take advantage of the changing times. The paragraph below will look at a few of Chandler's points and look to new ideas for fuller analysis."

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