Identify and define foundational management theories

Assignment Help Business Law and Ethics

Reference no: EM133425107

1. Identify and define foundational management theories, concepts and processes.

2. Exercise judgement and recommend solutions for routine management issues.

3. Communicate an academic argument supported by management literature.

This assessment task also aligns with the UN's Sustainable Development Goal 8 (i.e., Decent Work and Economic Growth).

Essay Assignment Information

The purpose of this assessment task to is to develop and assess the student's knowledge about a key managerial issue.
Students are expected to cite at least SEVEN (7) academic journal articles in their essay to demonstrate the range of sources from which they derived their knowledge.

Requirements:

This assignment requires students to construct a 1500 word(MAXIMUM) essay response to ONE (1) of the following questions:

Topic 1: The Rational Decision-making process

Using academic journals as your source, define what is meant by the term 'rational decision-making process'. Using TWO (2) examples from an industry of your choice, describe how specific elements of rational decision-making can contribute to above-average firm performance.

Topic 2: Strategic Planning

Using academic journals as your source, define what is meant by the term 'strategic planning' in the organisational context. Using TWO (2) examples from an industry of your choice, discuss how an effectively managed strategic planning process can contribute to above-average firm performance.

Reference no: EM133425107

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