Question

ment Questions:                                                      (Marks 10)

Talal has completed his Master’s in Business from SEU. Talal’s hobby is body building. He bagged several awards in body building. His father has a small jewelry shop. His mother running a beauty salon, while brother has a car rental service.

Talal is thinking seriously about his future. He realized that this is not the end, but the beginning of another phase of life. It is time to plan his future career. He doesn’t want to do any job. He want to do business but how and what business?

Talal is confused about what kind of business should he start, traditional or e-commerce? Though his family is running a traditional business, Talal has heard and learnt lots about the e-Business and e-marketing. The question he need to deal with whether he should join his father’s or brother’s business or he should do his own. He is also considering the financial aspects. Should he take from father? Or bank or other sources such as partnership, etc.

Therefore, this is a question with no easy solution. Considering the above situation prepare a Decision Making and Problem Solving Worksheet answering the following question:

Step 1: Defining and Clarifying the Question (1 Mark)

Step 2: Develop mind mapping for the alternative

Step 3: Generating Alternatives (1 Mark)

Step 4: Variables to consider (1 Mark)

Step 5: Weighing the considerations (2 Mark)

You may notice that the variables to consider are not of equal importance. Therefore, you need to weigh how important each variable is before you make your decision. In this activity, the following rating scale can be used:

5	Very important
4	Considerably important
3	Neither important nor unimportant
2	Not very important
1	Not important at all

Step 6: Weighing the alternatives (2 mark)

When weighing the various alternatives, how well each alternative fulfills the variables to consider can be expressed as scores. A different rating scale will be used to assess each alternative:

+2 very suitable

+1 quite suitable

0 neither suitable nor unsuitable

-1 not quite suitable

-2 not suitable at all

Note: Positive numbers (+2 or +1) indicate that the alternative is able to fulfill the variables, whereas negative numbers (-2 or -1) denote the opposite.

Answer 1

What is the issue?

Talal has finished is aces in business and he has an energy for lifting weights. Be that as it may, he wouldn't like to do work and keen on working together however uncertain about which business to do. He has likewise found out about the e-business and e-advertising. He is additionally befuddled after whether he should join father's customary business,brother's matter of fact or do his own business.

What is the potential answers for the issue?

Talal can join his dad's customary business of gem dealer where in his dad can show him the business or his sibling's business which is a vehicle rental help. Talal can likewise open a Gym since weight training is his obsession.

Which arrangement is the best.

The best choice is open a Gym or work as a mentor since this is his interest. Talal has won numerous honors in weight training. In this manner he can without much of a stretch get a credit from bank or can do an association moreover. He can recruit mentors and train them according to his encounters.