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Portfolio Activity Unit 4
Portfolio Activity Unit 4
Donte Lamb
University of the People
BUS 5115-01 Business Law, Ethics and Social Responsibility - AY2024-T3
Jacent Gayle
February 8, 2023
Title: Qualitative Factors in Management Decision-Making: Insights from Company
ABC
Introduction:
Drawing upon my experiences at Company ABC, this reflection explores three qualitative
factors crucial for management decision-making. Through personal insights, relevant
course readings, and discussions, I will discuss their significance and justify a scenario
where qualitative factors outweigh quantitative results.
The quality of relationships with stakeholders is another vital consideration. Trust and
collaboration with customers, suppliers, and partners contribute to long-term success
(Freeman, 1984). Reflecting on course readings emphasizing stakeholder theory, I
understand that positive stakeholder relationships not only enhance the company's
reputation but also create a supportive ecosystem for strategic decisions (Freeman &
McVea, 2001).
Assessment of Importance:
Consider a scenario where Company ABC faces a choice between two suppliers—one
offering a lower cost but with a history of ethical concerns, and the other slightly more
expensive but with a stellar ethical record. Quantitative analysis might favor the cheaper
option, but prioritizing stakeholder relationships and ethical considerations is critical.
Opting for the ethically sound supplier aligns with the company's values, maintaining
trust with stakeholders, even if the immediate financial gain is lower.
This reflection aligns with my personal experiences at Company ABC, emphasizing the
practical importance of qualitative factors. Furthermore, it resonates with course
readings on stakeholder theory, employee engagement, and organizational flexibility,
deepening my understanding of the strategic implications of these qualitative
considerations.
Conclusion: