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Decision Making And Problem

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Management

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Saudi electronic university

Course

mgt 312

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Znqvanovyn099

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Decision Making and Problem

Kingdom of Saudi Arabia

Ministry of Education

Saudi Electronic University

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College of Administrative and Financial Sciences

Assignment 3

Decision Making and Problem Solving (MGT 312)

Due Date: 30/04/2022 @ 23:59

Course Name: Decision Making and Problem

Solving

Student’s Name:

Course Code: MGT312

Student’s ID Number:

Semester: Second

CRN:

Academic Year:2021-22-2

For Instructor’s Use only

Instructor’s Name:

Students’ Grade:

Marks Obtained/Out of 10

Level of Marks: High/Middle/Low

General 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.

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Decision Making and Problem

Learning Outcomes:

1. 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)

2. Demonstrate decision tools and employ appropriate analytical business models to

break down complex issues. (C.L.O :2.2)

3. 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 :3.1)

Assignment Question(s): (Marks 10)

Assignment Questions: (Marks 10)

Read the passage below:

Abdullah Alarifi, has completed his Master’s in Business. Abdullah’s is passionate

about driving and racing car. Another hobby of Abdullah is body cooking

international cuisine. His father has a Arabian restaurant in Riyadh. His mother

running a beauty salon, while brother has a car rental service.

After MBA Abdullah is planning for his future. He wanted to earn money. He

started thinking about how he can start his professional life. He doesn’t want to do

any job. He want to do business but how and what business?

Abdullah is confused about what kind of business should he start, traditional or e-

commerce? Though his family is running a traditional business, Abdullah has heard

and learnt lots about the e-Business 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)

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Decision Making and Problem

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:

Very important

Considerably important

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 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)

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Decision Making and Problem ‫المملكة العربية السعودية‬ ‫وزارة التعليم‬ ‫الجامعة السعودية اإللكترونية‬ Kingdom of Saudi Arabia Ministry of Education Saudi Electronic University College of Administrative and Financial Sciences Assignment 3 Decision Making and Problem Solving (MGT 312) Due Date: 30/04/2022 @ 23:59 Course Name: Decision Making and Problem Student’s Name: Solving Course Code: MGT312 Student’s ID Number: Semester: Second CRN: Academic Year:2021-22-2nd For Instructor’s Use only Instructor’s Name: Students’ Grade: Marks Obtained/Out of 10 Level of Marks: High/Middle/Low General 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) ...
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Tags: problem solving Decision making process Abdullah Alarifi