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Find some structured ways of dealing with complex managerial decision problems.
The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
Assignments submitted through email will not be accepted.
Students are advised to make their work clear and well presented; marks may be reduced for poor presentation. This includes filling your information on the cover page.
Students must mention question number clearly in their answer.
Late submission will NOT be accepted.
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
Aligned (PLOs)
Course Learning Outcomes (CLOs)
Question
MGT.K.1
(1.1)
Find some structured ways of dealing with complex managerial decision problems.
Question-1
MGT.K.3
(1.2)
Explain simple decision models and management science ideas that provide powerful and (often surprising) qualitative insight about large spectrum of managerial problems.
Question-3
MGT.S.1
(2.1)
Demonstrate the tools for deciding when and which decision models to use for specific problems.
Question-2
MGT.V.1
(3.1)
Build an understanding of the kind of problems that is tackled using Spreadsheet Modeling and decision analysis.
Question-4
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: “Intuitive and Rational Cognition in the Theory and Practice of Management Sciences”
Author: Marcin Nowak, Joanna Ziomek
Date: March 26, 2019
Assignment Questions: (Marks 10)
Read the above case study and answer the following Questions:
Question 1: Explain the role of rational and intuitive cognition in the theory and practice of management. (250-300 words) (2.5-Marks).
Question 2: Discuss that the decision-making process takes place in conditions of permanent uncertainty under the pressure of time. (250-300 words). (2.5-Marks).
Question 3: Discuss the inadequacy of the management theory in relation to problems faced by management practitioners in the decision-making process. (250-300 words) (2.5-Marks).
Question 4: Explain the various stages of problem-solving process with suitable examples. (250-300 words) (2.5-Marks).
Answers:
1-300
2-300
3-300
4-300
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