College of Administrative and Financial Sciences Assignment 3 Decision Making & Problem

College of Administrative and Financial Sciences

Assignment 3

Decision Making & Problem Solving (MGT312)

Instructions – PLEASE READ THEM CAREFULLY

must mention question number clearly in their answer.

Avoid plagiarism, the work should be in your own words, no copying from other resources without proper referencing .

No pictures

Course Learning Outcomes-Covered

Define different perspectives and concepts of problem solving in diverse contexts and business situations. (C.L.O :2)

Demonstrate decision tools and employ appropriate analytical business models to break down complex issues. (C.L.O :4)

Demonstrate effective leadership skills and teamwork capacity for efficient decision making with the problem owners and other stakeholders as either a team member or a team leader. (C.L.O :5)

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

Assignment Questions:

Read the attached 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. (In 500-600 words)

Discuss in relations to what you have learnt in the course 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)

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? (In 200-400 words)