Decisions in Paradice

Decisions in Paradice

  • Submitted By: selrahc726
  • Date Submitted: 12/05/2008 2:29 PM
  • Category: Business
  • Words: 935
  • Page: 4
  • Views: 634

As the world grows smaller, companies like ours need to expand in order to keep up with the ever-changing global economy. As a large multinational corporation, we need to consider every possibility in order to find and utilize the valuable opportunities that exist for our growth. Although we are based in the United States, the outsourcing of some of our departments is necessary to save money and bring our influence to other parts of the world. Chris Morales, our CEO, has expressed interest in the island of Kava in the South Pacific. This environment offers numerous advantages that could help lower costs and improve efficiency. However, this investment has risks just like any other, and they must not be overlooked. Through careful consideration of all of the aspects of this venture, an educated decision can be reached.
When deciding on such an expensive and potentially risky move, if every issue is not addressed properly the results can be disastrous. In some cases, especially with smaller companies, the results of improper decision-making are not always evident. However, with multinational corporations like ours, the results of poor decisions are felt by larger numbers of people. In order to avoid pitfalls, every issue must be examined. With the island of Kava, there are several major issues that could have an affect on our decision to expand here. The lifeblood of a company is its employee’s. Therefore, an important consideration in the decision to expand has to be the local workforce.
In Kava, fifty percent of the population is under the age of fifteen. This means that the company has a smaller portion of the population to recruit from, relative to other areas. Having a smaller recruiting base means that it could be more difficult for the company to find top-notch employees. Luckily for the company, however, the workforce in Kava is made up of quality workers. In addition, the workforce also works for much lower wages than their American counterparts....

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