MGMT530 – Conference Decision
Week 1 Case Analysis Template
Management 530 Managerial Decision-Making
1) Define the decision problem?
This case is about an Accounting System User’s Conference that was to be held in New Orleans, LA. However, due to Hurricane Katrina, the hotel is no longer able to accommodate the conference. Management must decide whether to move the conference to a different venue or change the dates to a later time, giving registrants’ limited notice.
2) What is the general nature of the problem?
Competition for participants to take part in ...view middle of the document...
Management should have had a backup plan in place, therefore the triggering event in my opinion is the lack of preparation on behalf of management, conference organizers, and hotel management.
4) What are the imposed constraints on the situation?
As stated in the case, all attendees have prepaid their registration fees. They have to decide whether they want to still attend the event. Flight changes and cancellations could result in a decrease in profits. In addition, the hotel will also have to face profit loss for those attendants who decide they no longer want to attend the conference. If they decide to change the dates of the event, will the speaker still be available or will they possibly face additional expenses to hire another speaker at the last minute.
5) What are the underlying elements of the problem?
Due to the hurricane, the conference does not have a location for their event leaving them to decide whether they should keep the original date and move to a different city, cost increases due to last minute reservations and whether or not the attendees and speakers will still be able to attend.
6) Describe the dependencies on other decisions?
Yes, as with any situation, situations can always arise that can have a negative effect on the intended outcome.