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SEU Decision Making & Problem Solving Worksheet

 

Assignment Questions:(Marks 05)

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: 

  1. Summarize the article and      explain the main issues discussed in the article. (In 500-600 words)      (Marks 2)
  2. 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)(Marks 1.5)

Critical Thinking Question

  1. 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)(Marks 1.5)