College of Administrative and Financial Sciences
Deadline: End of Week 12, 09/04/2020 @ 23:59
Course Name: Decision Making and Problem
Course Code: MGT 312
Student’s ID Number:
Academic Year: 1440/1441 H
For Instructor's Use only
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.
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)
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:
Neither important nor unimportant
Not very important
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
+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]
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.
The mind mapping is as follows:
Which business to start
and how to start it
Decide whether to start
a career or follow his
Start own business
Nature of business to
Whether Traditional, Ecommerce or combine
Join Father's Mother's
or Brother's Business
How to finance the
or use of savings
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...
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