How the tools you have chosen might improved decision making

Assignment Help Business Management
Reference no: EM131282270

Assignment

Instructions

1. Comment on 3 specific decision tools (choose tools rather than processes such as McMasters, the problem solving steps, etc) that you have encountered in this course that contribute to decision making through one or more of the following:

o Decision analysis

o Reducing uncertainty

o Risk analysis

2. Explain how the 3 tools you've chosen might support improved decision making, providing examples. You must include appropriate details/examples that relate to the use of the tools.

3. Illustrate how one cognitive mapping tool from the article in this module would enhance the decision process for either one of your examples or the problem you posed in this week's discussion. Provide the diagram/map of your work. You may construct your own chart to fill in or use one of the free mind mapping tools available online. You'll need to paste your final result into your Word document.

• The length should be between 400 and 550 words plus the cognitive map, excluding the title and references.
• Formal writing is required using APA.
• Formal research is not required beyond the article above, our textbooks, and other course documents.
• Comply with all APA 6th ed. citation and referencing rules.

First, watch the video. It walks you through how to use the TRIZ matrix. You may use the scenario from last week or you may choose a new problem. Keep in mind that TRIZ works best with complex problems. If alternatives are easily generated, then a fancy tool is of little use!
*I have included links and a few helpful comments at the end of the assignment information.

Reference no: EM131282270

Questions Cloud

International operational expansion : Other managers in your company may be planning a major new product offering, or an international operational expansion. One role of the financial manager is to provide forecasts for a new business plan.
What is the salt outlet temperature : The tube-wall will tolerate temperatures up to 600°C. Will the tubes survive start-up? What is the salt outlet temperature?
Retrieve the interview with kahneman : Retrieve the interview with Kahneman, in the March 2012 Gallup Management Journal titled The Truth About How We Think; We're all prey to cognitive mistakes, says Nobel Laureate Daniel Kahneman.
Misalignment of advertising : The case is regarding the issues faced by the American Apparel Company. Need to identify the issues, use appropriate evaluations & tools and lastly draw up a business plan of recommendation. A little lost on what type of tools or evaluation to us..
How the tools you have chosen might improved decision making : Explain how the 3 tools you've chosen might support improved decision making, providing examples. You must include appropriate details/examples that relate to the use of the tools.
Facilitating strategy formulation : Strategic planning involves a variety of intrapersonal and interpersonal skills, and each phase of the process may require different approaches in order to be successful. This Application Assignment asks you to consider what the most critical skil..
Four functions of management : Based on what you have learned about the four functions of management and how they are interrelated, share a real world example of where you have seen these functions in action either successfully or unsuccessfully.
Analyze your employers or another companys risk tolerance : Provide an analysis of your employer's or another company's risk tolerance and risk exposure. Include the impact this tolerance and exposure may have on potential outcomes.
Draft a brief packaging plan for the new hydrox : How can you package your renewed sandwich cookie to make it more attractive on the shelf than Oreo? What about package size?Draft a brief packaging plan for the new Hydrox.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd