Decision Making Training Utilising The PACED Method for Business Players
Keywords:course, dicision making, PACED method, enterpreuner
The objective of the training is to provide an overview of decision-making process using the PACED (Problem, Alternative, Criteria, Evaluated and Decision) method for business players in Surabaya. The PACED method is developed by YEP USAID to meet the need of financial literacy improvement training. The first stage of this method is to determine the problem which then is translated to our goal, then look for alternatifs to solve the problem, identify the criteria that make it easier for us to make choices, then evaluated by setting a point for each column that is connected between alternatifs and its criteria. Then, sum up all of the points awarded. The alternatif that gets the biggest score becomes the decision to solve the problem. The PACED method is applied to the SMEs who received financial assistance from the government worth 2.4 million rupiah. The funds must be allocated for certain business alternatifs, such as purchasing production machines, raw materials, creating digital marketing content and (marketing) events. The criteria are: cost requirement 0-1 million, cost requirement 1.1-2.4 million, require a long time, covering operational costs, and provide business sustainability. From 26 participants who took part in the training activities, 80% chose to create digital marketing content for their business sustainability.
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Copyright (c) 2021 Ramayani Yusuf, Rita Zulbetti, Yunyun Ratna, Ai Susi Susanti
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