SOLUTION: BMGT 317 UMUC Week 5 Business Plans Brainstorming Discussion

View attached explanation and answer. Let me know if you have any questions.HelloPlease find the attached final answerIn case you need editing, kindly reach out to meGoodbye for now. Cheers😊1Brainstorming DiscussionStudent’s NameInstitution AffiliationCourseProfessor’s NameDate2How can HH increase sales?1. Framing in the decision-making process consists of purpose, scope, and perspective.By choosing the correct frame, the decision-maker can arrive at the best alternative.For HH, framing entails keeping in mind the goal of increasing the overall sales.Purpose is the first step in framing, and it entails what one seeks to accomplish indecision making. It includes the objectives and it assists in detailing the outcome of thedecision-making. In the case of HH, the overall goal is to increase the sales of the company.The scope is the next framing step. Scope defines the elements to include or exclude in theprocess of decision making (2021). It involves sporting out the alternatives to achieve themost agreeable decision. In the case of HH, the company has been experiencing a decrease insales, and this follows poor managerial habits and non-inclusive decision-making. Underscope, HH can gather all things that are not working and reevaluate their strategy towardsincreasing sales. The final step is perspective that defines the point of view of the decision. Italso offers ways of approaching the decision. HH is finally trying to find the best approach toincrease sales and ensure profitability.Framing subsequently entails deciding based on how information is being presented.The framing effect is considered among the most substantial bias in the decision-makingprocess (Reynolds & Suzuki, 2012). The following traps and biases have to be avoided inframing decisions.The first bias is anchoring. The mind offers greater importance to the positive sides ofthe first impression as such bias occurs by looking at a single perspective. Therefore, HHneeds to consider different strategies for increasing sales and choose the most inclusive.3Overconfidence is another trap to avoid in decision-making. Overconfidence makesthe decision-maker think that they have made the wisest choice (“Faulty Decision Making”,2021). In such cases, the decision-maker may make a decision prematurely. One needs toinvestigate contradicting information and allow oth…

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