PowerPoint Assignment
Lashon K 
DecisionMakingModel.pptx
Data Findings and Decision-Making Modeling
Ayanna Knight
Crit Bus Skills For Success 21EW6
August 1, 2021
Sales By Region-Auto Industry
Existence of problems. Within the automotive manufacturing industry, certain problems are experienced and among the common ones include decreased demand for motor vehicles and the new industry which drastically reduces the level of revenue generated.
Need for an action. Due to the existence of the problem, the automotive and the new industry must produce an appropriate course of action.
Diversification. The plan of diversification appear to be the immediate solution to the problem being experienced.
The presentation. As a result, this presentation seeks to show the manner that the plan of diversification will aid in addressing the problem identified above.
The automotive industry as well as the new industry are those that face or are associated with certain problems such as decreased demand for the automobiles and this is a problem that reduces the level of revenue that is generated. Due to this problem, there arises a great need for coming up with a potential solution to the problem which may also be regarded as the appropriate course of action. A plan of diversification is important and appears to be the appropriate remedy to the problem being faced. Therefore, this presentation is one that seeks to present the findings of the data and also decision-making modeling prior to the leadership panel showing how the diversification plan will solve the problem before being presented to the stakeholder meeting.
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Sales by Region Auto Industry
As far as this visualization is concerned and also by considering the presented graph for use, the story to be told is that of the sale of the auto industry by regions. As presented in the graph, different regions have different demands for the motor-vehicles. As an example, different continents have varying sales of the motor-vehicles and also at different moments. The graph presents the differences in the sales of these vehicles. Various reasons account for these variations in sales in different continents and one of them includes the aspect of regulations by the governments of the countries in these continents. Due to regulations such as restrictions to enter into these regions, then the variations in sales are likely to be identified. The other factor contributing to such differences or variations in sales by regions entail the level of demand which might be associated with the level of income that appear to be the other factor. People in different continents have varying demand for the vehicles and this might have been caused by low levels of income. The other cause of such differences in demand might be geographical locations where some regions of the different continents might be all that accessible and this makes the sales to such regions to be low.
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Sales of Vehicles by Motor Type-Auto Industry
The essential information that is to be communicated in the above graph is that people have different tastes and preferences and as a result, certain individuals will demand a given type of a vehicle as opposed to the other type. In this case, individuals will require to be provided with certain types of vehicles and this is also an issue that is associated with the tastes and preferences of individuals, (Shankar, 2018). Different categories of persons will be impressed by different types of motor-vehicles and this is also dependent on several issues such as the level of income and the country or continent of origin of a person.
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Sales Over Time Auto Industry
Regarding the graph in this slide, the important information that is to be communicated is showing that sales within the auto industry varies from time to time or over time. Different years have different sales and this is also attributed to various factors such as the economic situation on a certain year. As seen in the graph, the sale of vehicles in the U.S. between December 2019 and April 2021 varies. Certain years recorded high sales while the others recorded low levels of sales. Therefore, the situation implies to the motor-vehicles that not all the years have the same sale due to change in other factors such a high cost of living where people have to avoid consuming luxurious commodities like vehicles. As such, sales will also tend to vary.
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Sales by Motor-Type Over Time
The information being communicated here is that over the time, consumers purchase vehicles and they do not only purchase them but do so by the type of the motor vehicle they prefer. As such, there are those that would prefer buying light trucks to autos while others will prefer heavy trucks to autos. Every individual will purchase a certain commodity, i.e., a vehicle depending on the use that such a material is to be put into. Over the time, the demand for the commodity may also change and this is what will make a person to change the type of a motor vehicle that he or she possesses so that the individual may buy another type of a vehicle. As seen from the graph, it can be realized that different types of vehicles like light trucks and autos were purchased at different times of the years that were being considered. Different reasons also contribute to the differences in demand of the various categories of the vehicles that are being bought by the consumers.
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Sales by Body Type Over Time
Just like the above slide, the intended information to be communicated here is that over the time or as it goes, consumers tend to purchase vehicles based on the type of the body. The type of the body of a vehicle is also one that may be regarded as the purpose that the involved vehicle is intended to serve such as being a luxurious vehicle or a motor that is meant for transporting individuals. Various reasons also contribute to the aspect of individuals buying vehicles based on the type of a vehicle that they may want to purchase, (Chalfant, 2016). Over the time, the tastes and preferences of individuals also tend to change and this might cause an individual to change a vehicle and purchase another type of a vehicle with a different body especially one that will last longer.
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customer demands auto industry
The information being presented in this slide is trying to show that the demand for vehicles by the consumers is continuing to increase from time to time. Since the moment that the individuals started knowing the importance of vehicles, the demand for such commodities has been on an increase and also facilitated by availability of funds to spare for the purchase, (Wu, 2016). The automotive industry is also experiencing increased growth out of the increased demand for the motor-vehicles and this is all the information that is being by the graph that has been presented in the slide.
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sales over time
In this slide, the important information being communicated is that a new industry has been introduced and this is where the diversification plan comes about. The two essential aspects that have been incorporated are the transportation services and also vehicle financing charges. The two sectors are important in that they may be added to the vehicle industry to enhance or increase the level of profitability. Therefore, as seen from the diagram, there is an increase in the sales of transportation services over time as presented on top of the graph.
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sales of product/service over time: New industry
The essential information that is to be communicated in this graph is the sale of the commodities after diversification. Various aspects or services and products have been added and the graph shows the sale of every commodity or service as presented in the diagram. The situation sums or means the aspect of diversification that is meant to solve the problem identified above.
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customer demands New industry
After the introduction of the new industry, an increase in the desire for transportation will be realized. A part from focusing only on the sale of motor vehicles, the new industry will also incorporate the transportation services and this will influence the desire for consumers to consume the service, (Reis, 2015). The services may be used to transport people and even some of the vehicles that will have been bought and this amounts to the after sale services. Therefore, diversification will play an important role in this case.
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expected growth: New industry
The graph shows the projected increase in the transportation services especially after the introduction of the transportation services which will be a part of the new industry. As of 2015, the demand or desire for transportation has been on the rise and this is all that is anticipated to continue as time goes. Therefore, after the introduction of the transportation services, then it will tend to have a high demand and this is all that will lead to the expected growth of the new industry.
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Sale of motor-vehicles. One of the most important information being communicated is that of the sale of the motor-vehicles that are sold. The sales also change from time to time depending on the type and even the body.
The existence of a problem. Despite the sale of the motor vehicles, a great problem still exists, and this is all that requires an immediate address.
Diversification. As a way of trying to address the problem, it is important to engage in the aspect of diversification so that the company might address the issue of reduced revenue due to low demand.
Summary of the data
One of the most important information being communicated is that of the sale of the motor-vehicles that are sold. The sales also change from time to time depending on the type and even the body. Despite the sale of the motor vehicles, a great problem still exists and this is all that requires an immediate address. As a way of trying to address the problem, it is important to engage in the aspect of diversification so that the company might address the issue of reduced revenue due to low demand.
It is also important to realize that the graphs communicate an important information regarding the problem that is being tried to be addressed. They provide crucial information such as trends in the sales of vehicles that aid in making key decisions regarding what to produce and avail to the consumers. As of the new industry, they reveal that it is the important way of trying to address the problem being experienced. Also, the data suggests that diversification is the way of addressing the problem being experienced in that they present it as a way of adding more revenue on top of the sales of vehicles and this will be an addition to the revenue generated by the automotive industry.
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Decision making model
Rational decision-making model. Whenever implementing the diversification plan, rational decision-making model is the best that the company should adopt.
Description. The rational model of making decision is one that assumes that individuals will make decisions which will maximize benefits and at the same time minimize any costs that may be associated with the practice.
Therefore, as for the presented scenario above, this is the best model to adopt for making decisions.
Whenever implementing the diversification plan, rational decision making model is the best that the company should adopt. The reason for thinking that this model is the best is that a rational model of making decision is one that assumes that individuals will make decisions which will maximize benefits and at the same time minimize any costs that may be associated with the practice. Therefore, as for the presented scenario above, this is the best model to adopt for making decisions. The thing concerning the company that best suits the model is that perfect and full information has to be available in which a choice or a decision will be based on. Therefore, the model is also one that believes in the above aspect and this brings about an alignment.
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References
https://blog.hubspot.com/marketing/rational-decision-making
Shiva Shankar. (2018). Demand for the vehicles based on body types.
Chalfant J. A. (2016). Accounting for changes in tastes and preferences between consumers.
Reis E. (2015). Factors that influence the behavior of consumption of the individuals.
Wu MSS. (2016). Influencing factors for luxurious purchasing and consumption.
Reference slide for the sources used in making the presentation.
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