User Account

All Pages

Why are brauns five ws such a powerful tool

Assignment Help Other Subject
Reference no: EM131682080

Discussion-Decision Modeling

Charles Munger (1995), vice-chairman of Berkshire Hathaway, offers key insights on decision making and the tools, techniques, and critical skills that great managers develop and possess in his article "A Lesson on Elementary, Worldly Wisdom as it Relates to Investment Management & Business." According to his concept of "multiple models," different decisions require different means of evaluation.

Review his article by searching the Internet using the following keywords:Charles MungerWorldly wisdom as it relates to investment management and businessRespond to the following:What does Munger mean by mental models?

What are a few of the other key points discussed by Munger?

Why does he call psychology "an ungodly important subject"?

Write your initial response in approximately 350-500 words. Apply APA standards to citation of sources.

By the due date assigned, post your response to the appropriate Discussion Area. Through the end of the module, review and comment on at least two peers' responses. Consider the following in your comments:

Did anyone notice the number of models mentioned by Munger? Is that a lot?

How does the accumulation of models relate to the development of business wisdom?

Why are Braun's Five Ws such a powerful tool?

How do permutations and combinations inform decision making and how does pattern recognition play into that concept?

Munger, C. T. (1995). A Lesson on Elementary, Worldly Wisdom as it Relates to Investment Management & Business. Outstanding Investor Digest, 1, 49-63.

Reference no: EM131682080

Questions Cloud

Propensity for supply to increase : How does legalization influence the propensity for supply to increase?
Design simple message and media plan for a service offering : MRKT 310 Principles of Marketing Writing Assignment. Media strategy. Student can design a simple message and media plan for a product or service offering
Where a river empties into the sea : Which of the following best describes a drainage basin, Which of the following tends to divide drainage basins
Recent low inflation outcomes in australia : Discuss possible reasons for the recent low inflation outcomes in Australia. For low rate of inflation during 2015-2017 especially during 2016?
Why are brauns five ws such a powerful tool : How does the accumulation of models relate to the development of business wisdom? Why are Braun's Five Ws such a powerful tool?
Appropriate diagrams the effect of unemployment : Be able to explain through the use of appropriate diagrams the effect of unemployment and inflation on the economy. Pls ans as simple as possible.
Describe your global markeing strategy : Use the following marketing concepts to tackle and solve a marketing problem: Global marketing, market selection, marketing strategies.
What is the yield to call if you purchase the bond : What is the yield to call if you purchase the bond? Why did the company add a call date to this bond? How can the call date affect the bondholders and company?
Should the government regulate smoking at work : In 2012, Pennsylvania's Geisinger Health System adopted a new policy: it would no longer hire smokers. The hospital system had already banned smoking.

Reviews

Write a Review

Other Subject Questions & Answers

  Discuss use of classification in prison facilities in state

Classification is an important tool in prison facilities throughout the country. In this essay, you will discuss the use of classification in prison facilities in your state.

  What is federalism form of government

What is federalism form of government?What is federalism in India?

  Purely task-oriented department mostly administrative

What do you think are the risks involved (to HR, the organization as a whole) if HR does not make this a priority and instead remains a purely task-oriented department mostly administrative in nature?

  A continuous process layout

For which key organizational functions are tasks and responsibilities identified for all the steps of the generic product development process?

  Question regarding the social mobility rates

Explain how the United States compares to other countries with regards to social mobility rates. Are there differences between the United States and other countries? Why?

  Review aparna sen’s film paromitar ekdin

Review Aparna Sen’s film Paromitar Ekdin, discussing its narrative techniques, camera work, cinematic devices, songs etc.

  What are the associated drivers and barriers with this style

What are the associated drivers and barriers with this style? How can you work best with other internals, as well as externals

  Discuss respiratory status using auscultation

While percussing Ms. Chinn's thorax, the nurse notes that the some of the percussion sounds are moderately loud, hollow, and low, while other sounds are very

  Compare the difference between job satisfaction and

write a 2-3 page paper in which youcompare the difference between job satisfaction and organizational commitment.

  Project of made in gas station

The project has been made in a gas station that belongs to Areeky Group, which is a family owned organization established to develop and carry out industrial and commercial activities in the Kingdom of Saudi Arabia.

  Majority of athletes go broke quickly

Why do the majority of athletes go broke quickly after their careers have ended as per the recent studies conducted?

  Developing a market research plan

You have been tasked with developing a market research plan for your company’s new line of lip balms for men and women. Determine what type of market research (primary or secondary) you’ll need to collect and the tool(s) you’ll use to perform your da..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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