Describe decision making process for complex issues pertaining to business environment both internally and externally

Management by Geoffrey

Describe decision making process for complex issues pertaining to business environment both internally and externally (C.L.O :1.1)

  1. Define different perspectives and concepts of problem solving in diverse contexts and business situations. (C.L.O :1.2)
  2. Explain and apply critical thinking and cognitive psychology as it pertains to analyze and synthesize information for problem solving and decision making. (C.L.O :2.1)

Part-I

Read the article titled as “Drive Innovation with Better Decision-Making.” by Linda A Hill, Emily Tedards, and Taran Swan published in Harvard Business Review, and answer the following Questions:

  1. Summarize the article and explain the main issues discussed in the article. (In 500-600 words) (Marks 5)
  2. According to the article, why we should focus on Decision-Making? Discuss in relation with the text you learnt in the course. Use additional reference to support your argument. (In 400-500 words) (Marks 5)

 

Part-II- Critical Thinking Question

  1. “Decision making is the process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.” Explain the statement with example (Words 400-500) (Marks 5