Decision-making process in business Essay Example | Topics and Well Written Essays - 500 words

Decision-making process in business - Essay ExampleSales of galvanic blankets were unusually high at this time. Sales of grills were also unusually high during the fourth quarter. These financial bungling unfolded the actual state of affairs in Sunbeam.Al Dunlaps four step plan impacting financial, personnel, core business and strategy of Sunbeam had elements of controversy. The changes they brought about were fundamental and drastic. They failed to foresee the long term impact of their actions. They did not give to the rule that balance is the key to most successes.As for public relations, Al Dunlaps arrogance that his Mean Business policies were accountable for Sunbeams turnaround caused investors and the public to question Sunbeams integrity. Dunlap expose his views that his Dream team sees opportunities where others see impossibilities.Al Dunlaps management team performance was flawed from the beginning. They failed to (1) consider that cost cutting on a mass musical scale is counter productive, (2) realize that cutting down such a huge amount of jobs is actually downsizing business, and (3) categorize core business as realize making exercise rather than link each product with Sunbeam and sell off those that did not fall within the five categories of core business.The lessons that could be learnt from the outcome are that one must exercise more caution and care in turning around companies.