EBI Special Order Analysis

This case study focuses on a business hazard that has recently been offered to the Earth Baby Inc. (EBB). It concerns a business proposal that will increment the companys sales dimensions while also adding integral quality to its value chain through an alliance with a retail discount business, I. E. Great Deal Inc. (GUI).This analysis will take into consideration one or more than strategic measures that should perhaps be taken by EBB in order to abet in identifying and mainlining risk and in order to insure that the proposed business agreement is in the best engross of the company. Aside from the more familiar decisional strategy which has always proven to be reliably effective, e. G. , a smut fungus Analysis, an examination of the possible benefits arising from the use of an available heuristic program approach that utilizes- antepast and hindsight Judgment parameters-will be discussed.Keywords EBB, GUI, SOOT, availability heuristic, hindsight bias, foresight knowledge The pr oposed opportunity that has gratuityed itself to EBB entails increasing the companys market share of baby food products through Gelds distribution chain and there resources. The proposed venture will offer EBB an increased profit percentage scarcely if the company agrees to alter its current food processing formulas as well as turn-over a upstanding portion of its branding rights to GUI.It is in the best interest of EBB at this time to conduct a comprehensive risk analysis with involves to the changes that will be made concerning the impact upon Bis bleak product formula, bare-ass business environment and customer base along with branding techniques, marketing strategies and supply chain activities. encounter Analysis Conducting a thorough SOOT analysis would be advisable at first in order to assess Bis internal strengths and weaknesses and how they will measure up against the- opportunities which may inadvertently turn into threats-with consider to the changes that will oc cur within Bis newly adopted business environment.EBB will be challenged to weigh those resources that wangle up the force behind its competitive advantage(s) because it will be risking the success of its current business strategies against the subject matter of those changes that will impact it, should the company accept Gelds proposal (Bateman & Snell, 2009). Bis management might consider backing up the information it garnered from a SOOT analysis with another method that examines the potential of risk involved with regard to opting for a reconfigured or otherwise entirely new and untried business strategy.A method that undertakes the available heuristic approach has been shown to provide business decisions makers with unique way -if optimal results are obtained- of incorporating intuitive Judgment-, referred to as-hindsight bias- and integrating the more positive properties of this mind set with more quantifiable intellectual data referred to as -foresight knowledge- with respe cts to formulating new strategies under the constraints of various risks.This method gauges the two schools of thought by measuring and matching up- and then part and mathematically analyzing -the positive relationships between probable outcomes of certain risk factors, as in this case-they may bring up to and/or have- significant bearing on a number of business decisions, their outcomes, and their consequences based primarily upon their -perceived and qualitative- skill to risks.Conclusion Although at this Juncture, Bis decision to employ the use of the availability heuristic may seem precarious, however the opportunity to identify and neutralize the risks of he proposal while also discovering some new and innovative strategies does present itself. A safer strategic analysis could be provided through the use of one or more of the conventionally known analytical tools, e. G.SOOT or Porters Five Forces. In any event it would be within Bis genuinely best interest to thoroughly inv estigate all the avenues of risks as well as opportunities before qualification a final decision to accept Gelds business proposal.