Business Finance
MGT 312 SEU Virtual Team Successes and Stresses Case Study Discussion

mgt 312

Saudi electronic university

MGT

Question Description

I’m working on a Management question and need guidance to help me study.

MANEGMENTS ASSINGMENT TO BE DONE IN 3 DAYS Hi

I need all the assignments that has number 2 by tomorrow plzzzz

and the day after you can do the assignments with number 3

and after 2 days you can do the 2 files from ECOM 201

and assignment with number 1

so its oky to do it in 3 days

Hi

I need all the assignments that has number 2 by tomorrow plzzzz

and the day after you can do the assignments with number 3

and after 2 days you can do the 2 files from ECOM 201

and assignment with number 1

so its oky to do it in 3 days

Hi

I need all the assignments that has number 2 by tomorrow plzzzz

and the day after you can do the assignments with number 3

and after 2 days you can do the 2 files from ECOM 201

and assignment with number 1

so its oky to do it in 3 days



Student has agreed that all tutoring, explanations, and answers provided by the tutor will be used to help in the learning process and in accordance with Studypool's honor code & terms of service.

Final Answer

Attached.
Attached.

College of Administrative and Financial Sciences
MGT 312
Assignment 3
Deadline: End of Week 12, 09/04/2020 @ 23:59

Course Name: Decision Making and Problem
Solving

Student’s Name:

Course Code: MGT 312

Student’s ID Number:

Semester: I

CRN:
Academic Year: 1440/1441 H

For Instructor's Use only
Instructor's Name:
Students' Grade: Marks Obtained/Out of

Level of Marks: High/Middle/Low

Instructions – PLEASE READ THEM CAREFULLY


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


Identify and analyze different perspectives on understanding problems for different situations.
(3.1)



Utilize different decision making tools to enhance problem solving and decision
making approaches. (4.3)



Develop numerical skills required for quantitative decisions in complex situations. (4.1)



Create a Decision Making and Problem Solving worksheet document. (4.5)

Assignment Questions:

(Marks 10)

Talal has completed his Master's in Business from SEU. Talal's hobby is body building. He
bagged several awards in body building. His father has a small jewelry shop. His mother
running a beauty salon, while brother has a car rental service.
Talal is thinking seriously about his future. He realized that this is not the end, but the beginning
of another phase of life. It is time to plan his future career. He doesn't want to do any job. He
want to do business but how and what business?
Talal is confused about what kind of business should he start, traditional or e-commerce?
Though his family is running a traditional business, Talal has heard and learnt lots about the eBusiness and e-marketing. The question he need to deal with whether he should join his father's
or brother's business or he should do his own. He is also considering the financial aspects.
Should he take from father? Or bank or other sources such as partnership, etc.
Therefore, this is a question with no easy solution. Considering the above situation prepare a
Decision Making and Problem Solving Worksheet answering the following question:

Step 1: Defining and Clarifying the Question (1 Mark)
Step 2: Develop mind mapping for the alternative (2 Marks)
Step 3: Generating Alternatives (1 Mark)
Step 4: Variables to consider (1 Mark)
Step 5: Weighing the considerations (2 Mark)
You may notice that the variables to consider are not of equal importance. Therefore, you
need to weigh how important each variable is before you make your decision. In this activity,
the following rating scale can be used:

5

Very important

4

Considerably important

3

Neither important nor unimportant

2

Not very important

1

Not important at all

Step 6: Weighing the alternatives (2 mark)
When weighing the various alternatives, how well each alternative fulfills the variables to
consider can be expressed as scores. A different rating scale will be used to assess each
alternative:
+2 very suitable
+1 quite suitable
0 neither suitable nor unsuitable
-1 not quite suitable
-2 not suitable at all

Note: Positive numbers (+2 or +1) indicate that the alternative is able to fulfill the variables,
whereas negative numbers (-2 or -1) denote the opposite.
Step 7: Calculating a decision and Overall assessment (1 mark)

[Please answer in the next page]

Answers

Step 1:
Talal is facing a grave and complicated life decision. He can either join his family and their
businesses or to go his way and start his own business. He is tied with the choice of which company
to start and how to go about the business. In making this decision, he has an advantage since he has
sufficient knowledge in business. To make this decision, we will use the mind mapping knowledge we
have learned to assist us in analyzing all the scenarios and therefore making a sound decision.
Step 2:
The mind mapping is as follows:

Which business to start
and how to start it

Decide whether to start
a career or follow his
hobby

Start own business

Nature of business to
start

Whether Traditional, Ecommerce or combine
both approaches

Join Father's Mother's
or Brother's Business

How to finance the
business

Fathers
help,Partnerships,loans
or use of savings

Business decisions

Step3:
In generating our alternatives, we will consider the above mind map. Talal can either start his
own business or Join Father's, Mother's, or Brother's Business. He can commence his consulting firm
and grow a career, or he can follow his hobby and build a brand. He can also finance his business by
starting a partnership or by using his savings or by asking for his father's...

SajemTop (17046)
Duke University

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