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Step 4. Formulate, Evaluate and Record Alternative Courses of Action. Identify and Evaluate Alternatives. Use quantitative ( breakeven, market potential ) and qualitative criteria ( goodwill, customer satisfaction ) Use same criteria across all alternatives.
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Step 4. Formulate, Evaluate and Record Alternative Courses of Action
Identify and Evaluate Alternatives • Use quantitative (breakeven, market potential) and qualitative criteria (goodwill, customer satisfaction) • Use same criteria across all alternatives
Criteria For Evaluating Alternatives • Cost / BEP / Profitability • Market / Sales Potential • Ability to Meet Corporate Objectives • Competitive Reaction • Other Strengths / Weaknesses • Competitive Advantage • Access to Market • Timing • Gut Feeling About Success
Identify and Evaluate Alternatives • Diaper Rash • Special Occasions • Head on