Decision Making and Problem Solving (MGT 312)

Assignment Question(s):(Marks 10)


Read the attached article titled as “11 Myths About Decision-Making” by Strauss Einhorn, Cheryl, 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 3)

2. How will these myths help you improving decision-making and problem-solving skills? Explain in relation with the text you learnt in the course. Use additional reference to support your argument. (In 400-600 words)(Marks 3)

Part-II- Critical Thinking Question

3. You can take a problem-solving approach to resolving conflicts in an organization. Suppose you and your colleague are working together on a high-profile project to develop software for handling orders at your company. You want to adapt existing software and your colleague wants to develop new software. How would you apply the problem-solving steps to resolve the conflict?(Words 300-400; Marks 2)

4. Built-in obsolescence means designing products that will degrade over time or otherwise need to be replaced. Many products depend on built-in obsolescence to ensure sales, such as light bulbs, batteries, and electronic devices. Do you think selling products with built-in obsolescence is an ethical way to do business?(Words 200-400; Marks 2)

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