Description
Course Learning Outcomes-Covered
- Find some structured ways of dealing with complex managerial decision problems. (CLO 1)
- Explain simple decision models and management science ideas that provide powerful and (often surprising) qualitative insight about large spectrum of managerial problems.(CLO 2)
- Demonstrate the tools for deciding when and which decision models to use for specific problems (CLO3)
Assignment Instructions:
- Log in to Saudi Digital Library (SDL) via University’s website
- On first page of SDL, choose “English Databases”
- From the list find and click on EBSCO database.
- In the search bar of EBSCO find the following article:
Title: “How to Make Better Decisions with Less Data”
Author: Tanya Menon and Leigh Thompson
Date of Publication:November 07, 2016
Published: Harvard Business Review
OR
Alternatively you can access the Article by copying and pasting the below link on any search engine.
Assignment Questions:(Marks 15)
Read the article titled as “How to Make Better Decisions with Less Data” by Tanya Menon and Leigh Thompson, published in Harvard Business Review, and answer the following Questions:
- Summarize the article and explain the main issues discussed in the article
- Discuss in relations to what you have learnt & what you know about the four steps of intentional thought to help convert data into knowledge and wisdom?Use additional reference to support your argument.
Critical Thinking Question
- If you collect too much information for analyzing a decision, you can suffer from analysis paralysis, where you spend too much time thinking about a decision rather than making one. Recall a major financial decision you made recently, such as of a car or housing purchase or rental. Describe your process for making the decision. How could analysis paralysis have affected this process?
Assignment 2
Spreadsheet Decision Modelling (MGT425)
Deadline for students: End of Week 06 (03/08/2024 @23:59)
(To be posted/released to students on BB in Week 4 (14/7/2024))
Course Name: SPREAD DECISION
MODELLING
Student’s Name:
Course Code: MGT425
Student’s ID Number:
Semester: SUMMER
CRN:
Academic Year: 1442/1443 H, Summer Semester
For Instructor’s Use only
Instructor’s Name:
Students’ Grade: /15
Level of Marks: High/Middle/Low
Instructions – PLEASE READ THEM CAREFULLY
❖ This assignment is an individual assignment.
❖ Due date for Assignment 2 is by the end of Week 6 (03/08/2024).
❖ The Assignment must be submitted only in WORD format via allocated folder.
❖ Assignments submitted through email will not be accepted.
❖ Students are advised to make their work clear and well presented. This also includes
filling your information on the cover page.
❖ Students must mention question number clearly in their answer.
❖ Late submitted assignments will NOT be entertained.
❖ Avoid plagiarism, the work should be in your own words, copying from students
or other resources without proper referencing will result in ZERO marks. No
exceptions.
❖ All answered must be typed using Times New Roman (size 12, double-spaced)
font. No pictures containing text will be accepted and will be considered
plagiarism).
Submissions without this cover page will NOT be accepted.
Course Learning Outcomes-Covered
•
Find some structured ways of dealing with complex managerial decision problems. (CLO
1)
•
Explain simple decision models and management science ideas that provide powerful and
(often surprising) qualitative insight about large spectrum of managerial problems.(CLO
2)
•
Demonstrate the tools for deciding when and which decision models to use for specific
problems (CLO3)
Assignment Instructions:
• Log in to Saudi Digital Library (SDL) via University’s website
• On first page of SDL, choose “English Databases”
• From the list find and click on EBSCO database.
• In the search bar of EBSCO find the following article:
Title:
“How to Make Better Decisions with Less Data”
Author:
Tanya Menon and Leigh Thompson
Date of Publication:
November 07, 2016
Published:
Harvard Business Review
OR
Alternatively you can access the Article by copying and pasting the below link on any
search engine.
Assignment Questions:
(Marks 15)
Read the article titled as “How to Make Better Decisions with Less Data” by Tanya Menon
and Leigh Thompson, published in Harvard Business Review, and answer the following
Questions:
1. Summarize the article and explain the main issues discussed in the article. (In 300-350
words)
(5 Marks)
2. Discuss in relations to what you have learnt & what you know about the four steps of
intentional thought to help convert data into knowledge and wisdom? Use additional
reference to support your argument. (In 200-400 words)
(5 Marks )
Critical Thinking Question
3. If you collect too much information for analyzing a decision, you can suffer from analysis
paralysis, where you spend too much time thinking about a decision rather than making
one. Recall a major financial decision you made recently, such as of a car or housing
purchase or rental. Describe your process for making the decision. How could analysis
paralysis have affected this process? (In 200-400 words)
(5 Marks)
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