23.07.2015 Views

MGMT 530 Week 2 DQ 1 Intuition

For more course tutorials visit www.uophelp.com What role does intuition play in decision making? What role does quantitative data play in decision making? Identify a decision situation in which you used both intuition and data for your analysis of the situation.

For more course tutorials visit
www.uophelp.com

What role does intuition play in decision making? What role does quantitative data play in decision making? Identify a decision situation in which you used both intuition and data for your analysis of the situation.

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<strong>MGMT</strong> <strong>530</strong> <strong>Week</strong> 2 <strong>DQ</strong> 1 Defining Objectives and<br />

Alternatives<br />

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http://www.uophelp.com/<strong>MGMT</strong>-<strong>530</strong>/product-16026-<br />

<strong>MGMT</strong>-<strong>530</strong>-<strong>Week</strong>-2-<strong>DQ</strong>-1-Defining-Objectives-and-<br />

Alternatives<br />

For more course tutorials visit<br />

www.uophelp.com<br />

Why is it important to define clear objectives for the decision situation?<br />

How can you ensure that you have identified all the appropriate<br />

alternatives? Give an example of a problem that you are in the process of<br />

deciding or have decided on in the past—identify the objectives and<br />

alternatives.<br />

We will be looking at two key decision-making elements, which are<br />

objectives and alternatives. The objectives will determine the criteria for<br />

evaluating solutions to the defined problem. The alternatives for a<br />

decision situation are the options that need to be considered.<br />

Let us kick off the week by answering the following questions.<br />

When relating objectives to decisions, is it fair to say that the clearest<br />

objectives lead to the easiest decisions?

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