Reference no: EM133092456
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)