Back to School Offer

Get 20% of Your First Order amount back in Reward Credits!

Get 20% of Your First Orderback in Rewards

All papers examples
Get a Free E-Book! ($50 Value)
HIRE A WRITER!
Paper Types
Disciplines
Get a Free E-Book! ($50 Value)

Customer Add-On Vendor Proposal, Essay Example

Pages: 2

Words: 581

Essay

There are various factors that need to be put into consideration before accepting or denying the vendor proposal. The first one is the cost-benefit analysis. This should be considered in a way that if the proposed vendor will bring more gains than losses to the organizations, then it should be accepted. However, the management will be right to deny a vendor proposal if is has more associated costs than benefits. A decision to accept a proposed vendor should only be taken after an approval that the vendor will benefit the organization in the long run. Before accepting or denying a proposed vendor, the management should also consider the time duration taken to implement the vendor as well as the resources available. A proposed vendor can only be accepted of the organization has adequate resources and funds for implementation. The time taken for the project should also be considered since some projects may take longer durations than projected thus sabotaging the entire change process (Cardy, 2008).

The decision that I will take will affect the entire or overall project as follows. First, when I decide to deny the proposal, may be due to its failure to meet the above factors, then the entire project will suffer a big loss in terms of support. The other proposals of the project are likely to face resistance during the approval stage. Rejecting the proposal will also lower self esteem and morale of the project owners/those in charge, in a way that they may not be motivated to explore other remaining proposals within the project for fear of them being rejected as well. However, if I make the decision to accept the proposal, then this will be a great boost to the entire project in terms of raising motivation, esteem and hard work among the runners of the project (Monahan, 2000).

Considering the budget, the available schedule and the resources available, the following parties will need to be involved in this decision making process. First, the managers have to be involved since they are the key determinants of major decisions of organizations subject to approval by chief executive officer or board of directors. Managers are vital in this situation because they are the ones to facilitate the approval process by top most management. There should also be experts who are fully aware about each and every detail of the project or vendor proposal in terms of its benefits, implementation process as well as associated costs. Experts are the most important since they help to determine whether the proposal will be accepted or rejected. They are the ones to carry out cost benefit analysis of the proposed vendor in both long run and short run. The project owners or those making the proposal are another party that should be involved in decision making. The team is important since it has to agree on various factors such as payment terms and the duration given for implementation (Cardy, 2008).

As mentioned above, there are various factors that need to be discussed and agreed upon by the above named parties. These factors include the benefits associated with the project or proposal, the resources available, time frame, costs to be incurred, possible compensation, funds available and other social issues such as ethical considerations and culture. All these factors will contribute to a decision that is democratic, fair and just (Monahan, 2000).

References

Cardy, L. (2008). Management: People, Performance, Change, 3rd edition. New York, New York USA: McGraw-Hill.

Monahan, G. (2000). Management Decision Making. Cambridge: Cambridge University Press.

Time is precious

Time is precious

don’t waste it!

Get instant essay
writing help!
Get instant essay writing help!
Plagiarism-free guarantee

Plagiarism-free
guarantee

Privacy guarantee

Privacy
guarantee

Secure checkout

Secure
checkout

Money back guarantee

Money back
guarantee

Related Essay Samples & Examples

7 Steps of Problem Solving, Essay Example

Introduction Every business, irrespective of its size or industry, has specific target goals to achieve. Thus, goal achievement entails managers making strategic decisions based on [...]

Pages: 5

Words: 1398

Essay

Teens, Suicide and Bullying, Essay Example

The act of bulling in this case involved punching as well as kicking the young Pennsylvanian boy, Nadin Khoury, then hanging the boy on a [...]

Pages: 1

Words: 325

Essay

Minnie in “Trifles”, Essay Example

Susan Glaspell’s short story, “Trifles” proffer a narrative in which the murder of Mr. Wright at the hands of his wife and the ensuing investigation [...]

Pages: 2

Words: 573

Essay

Columbia Supplement, Essay Example

Columbia University is an appealing university because it is located in one of the urban center of American politics, as the Department of Political Science [...]

Pages: 1

Words: 379

Essay

John Brown: A Hero or a Terrorist, Essay Example

October 16th, 1859, the day when John Brown raided a U.S military arsenal located at the Harper’s Ferry in Virginia in anticipation of provoking a [...]

Pages: 2

Words: 581

Essay

To What Extent Do the Concepts That We Use Shape the Conclusions We Reach? Essay Example

Introduction Human beings seem to be always determined to define human understanding, and to identify the most correct means of achieving this. Some argue that [...]

Pages: 6

Words: 1721

Essay

7 Steps of Problem Solving, Essay Example

Introduction Every business, irrespective of its size or industry, has specific target goals to achieve. Thus, goal achievement entails managers making strategic decisions based on [...]

Pages: 5

Words: 1398

Essay

Teens, Suicide and Bullying, Essay Example

The act of bulling in this case involved punching as well as kicking the young Pennsylvanian boy, Nadin Khoury, then hanging the boy on a [...]

Pages: 1

Words: 325

Essay

Minnie in “Trifles”, Essay Example

Susan Glaspell’s short story, “Trifles” proffer a narrative in which the murder of Mr. Wright at the hands of his wife and the ensuing investigation [...]

Pages: 2

Words: 573

Essay

Columbia Supplement, Essay Example

Columbia University is an appealing university because it is located in one of the urban center of American politics, as the Department of Political Science [...]

Pages: 1

Words: 379

Essay

John Brown: A Hero or a Terrorist, Essay Example

October 16th, 1859, the day when John Brown raided a U.S military arsenal located at the Harper’s Ferry in Virginia in anticipation of provoking a [...]

Pages: 2

Words: 581

Essay

To What Extent Do the Concepts That We Use Shape the Conclusions We Reach? Essay Example

Introduction Human beings seem to be always determined to define human understanding, and to identify the most correct means of achieving this. Some argue that [...]

Pages: 6

Words: 1721

Essay

Get a Free E-Book ($50 in value)

Get a Free E-Book

How To Write The Best Essay Ever!

How To Write The Best Essay Ever!