MGT – 425 1. Explain the objective of this study according to your understanding 2. Why decision-making process is one of the most important issues in th

MGT – 425 1. Explain the objective of this study according to your understanding

2. Why decision-making process is one of the most important issues in th

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1. Explain the objective of this study according to your understanding 

2. Why decision-making process is one of the most important issues in the area of management science? 

3. What is the role of intuition in the managerial decision making? 

4. What is the difference in rational and intuitive decision making style? 

5. How this study is helpful for you in understanding the decision making process? 


Learning Outcomes:

No.

Course Learning Outcomes (CLOs)

Question Number

CLO1

Find some structured ways of dealing with complex managerial decision problems.

Question 2

CLO2

Explain simple decision models and management science ideas that provide powerful and (often surprising) qualitative insight about large spectrum of managerial problems.

Question 1

CLO3

Demonstrate the tools for deciding when and which decision models to use for specific problems.

Question 3

CLO4

Build an understanding of the kind of problems that is tackled using spreadsheet modeling and decision analysis.

Question 4 and 5


Assignment Instructions:

· Log in to Saudi Digital Library (SDL) via University’s 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 Sciences” (Case Study)




Author: Marcin Nowak, Joanna Ziomek

Date: March 03, 2019


Assignment Questions: (10-Marks)

Read the above article and answer the following Questions:

1. Explain the objective of this study according to your understanding (150-200 Words)

2. Why decision-making process is one of the most important issues in the area of management science? (150-200 Words)

3. What is the role of intuition in the managerial decision making? (150-200 Words)

4. What is the difference in rational and intuitive decision making style? (150-200 Words)

5. How this study is helpful for you in understanding the decision making process? (150-200 words)

Answers:

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