Introduction to decision making Assignment Example | Topics and Well Written Essays - 1000 words

Introduction to decision making - Assignment ExampleAlthough whether he elects to sell or hold on to the companys most expensive assets in the anticipation that better circumstances can prevail. The task to do work the decisions that will alleviate in ameliorating the status of Qantas would be a difficult one with multiple challenges (Rao, 2010).Qantas has continually experienced challenges from high costs of jet fuel meet like many other Local Airlines. Quite recently, the Flying Kangaroo has also faced local challenges where it is forced to cope with a commercial slowdown and change magnitude rivalry with the Virgin Australia Holdings. In order to continually grow profits, someone ought to introduce stern principles and make harsh decisions in order to compete in the airline business (Rao, 2010).The decision to either sell or retain the Airlines most priced assets would be a difficult decision to make for any expert. However decision to undertake either of the two procedures is a risky trail to take. The decision of Alan Joyce was a strategic, tactical as well as an operational one. The principal objective of the decision is to sustain the company in the local airline competition and counter the Virgin Australia for its customers for this reason, it can be express that the move is strategic. The plan is tactical because there would counter the other Local Airlines by stealing customers from them. Qantas needed to deal with its declining market share and losses in its transnational operations through improving its competitiveness. With regards to the domestic scene, Joyce had to address the challenges from the Virgin Australia. The competitor Virgin Australia set up a program share conformation with other global giants such as Delta Airlines and Singapore. Joyce took a draconian counteractive step by instituting central structural changes to the companys operations. The action do losses of up to $200 million. Joyce made another decision to initiate new airlines,