Decision-Making: Approaches, Methods And Models

Decision-Making: Approaches, Methods and ModelsNameCourseTutor’s NameDateDecision-Making: Approaches, Methods and ModelsAbstractThis paper discusses the challenges and the decision-making models for s strategic alliance of a Saudi business and a European global organization. The challenges and decision-making models are evaluated in the backdrop of Saudi vision 2030. The decision methods that will be used to insure the effectiveness of the alliance against competition and their applicability are discussed. The Saudi business entering into an alliance with a global business based in Europe will not only have overcome trust related challenges but will need to adopt different decision-making models for different situations in order to make the alliance competitive.IntroductionAlliances among organizations can greatly alter the way business is conducted in global markets and particularly in the knowledge, innovation and high-technology sectors. The benefit accruing to the members of an alliance include ability to survive and thrive in an ever more complex global business environment by pooling capabilities. The Saudi vision envisages that Saudi businesses will enter into global alliance to benefit from innovations, technology and global approaches to business CITATION Kin19 \l 7177 (Kingdom of Saudi Arabia,