Complex Managerial Decision Problems Paper
Course Learning Outcomes-CoveredAligned(PLOs)Course Learning Outcomes (CLOs)QuestionMGT.K.1(1.1)Find some structured ways of dealing with complex managerial decision problems.Question- 1MGT.K.3(1.2)Explain simple decision models and management science ideas that provide powerful and (often surprising) qualitative insight about large spectrum of managerial problems.Question- 2MGT.S.1(2.1)Demonstrate the tools for deciding when and which decision models to use for specific problems.Question-3, 4MGT.V.1(3.1)Build an understanding of the kind of problems that is tackled using Spreadsheet Modeling and decision analysis.Question-5Assignment Instructions: Log in to Saudi Digital Library (SDL) via Universitys website On first page of SDL, choose English Databases From the list find and click on EBSCO database. In the Search Bar of EBSCO find the following article:Title: Intuitive and Rational Cognition in the Theory and Practice of Management SciencesAuthor: Marcin Nowak, Joanna ZiomekDate: March 26, 2019Assignment Questions: (Marks 15)Read the above case study and answer the following Questions: Question 1: Explain the role of rational and intuitive cognition in the theory and practice of management. (250-300 words) (3-Marks). Question 2: Discuss that the decision-making process takes place in conditions of permanent uncertainty under the pressure of time.(250-300 words). (3-Marks). Question 3: Discuss the inadequacy of the management theory in relation to problems faced by management practitioners in the decision-making process.(250-300 words) (3-Marks).Question 4: Explain the various stages of problem-solving processwith suitable examples.(250-300 words) (3-Marks).Question 5: What is your learning from this study and how it is beneficial for you? (250-300 words) (3-Marks).Answers:
