BBA 3826, Managerial Decision Making

BBA 3826, Managerial Decision Making

This assignment provides us with an opportunity to read a case study and then to share our thoughts about the situation

by critiquing the details, including the decisions made. This case study includes details about an incident at a training event for professors. The article is written bellow.

After reading the case study, draft a one-page analysis of the situation, and consider what you would do as the leader in that situation. Summarize what happened at the training event with the group members. How might decision bias have played

into the situation? Address how group elements might have affected the situation (e.g., groupthink, groupshift,

deindividuation). Are there steps that could have been taken before conflict arose? Assuming there was nothing that could

be done to prevent the situation, what could we can do the following morning? How would we can involve the group, if at all, in the

resolution to the situation?

The purpose of this assignment is for think critically about managers and other leaders working with groups and the

process leaders use to make important decisions within groups. Consider how important it is to collect all of the facts before making an important decision for a group or with a group

BBA 3826 Managerial Decision Making

Question 1

Lately, the stock market has experienced unprecedented volatility – wild ups and downs. Discuss how stock trading has created a lot of this volatility and the decisions for stock traders to buy and sell wildly in terms of hyperbolic discounting.

Question 2

The news has been full of stories lately about the stock market problems, sub-prime mortgages, and ponzi schemes. All of these required people to make decisions. Research one of the stories and discuss how motivation influenced people to make such terrible decisions. Had exponential discounting played a part in the decision(s) that you had researched. If so, how?

Question 3

Report on a decision that you were a part of or had witnessed in your organization where personal motivation and/or emotions on the part of decision maker(s) may have caused a sub-optimal decision to be made.

Question 4

Discuss a recent decision that you made (purchase an automobile or home, change jobs, etc.). How did motivation and emotions influence your decision? Did you experience any internal conflict (a battle between what you wanted versus what you should do)? How did you resolve this conflict?

BBA 3826-16F-1B18-S1, Managerial Decision Making

The chief executive officer (CEO) of a small manufacturing business wants to form a committee to make decisions about a new company policy for the use of personal devices in the workplace. What advice would you give him or her and the committee members about how to be sure the group succeeds at making a good decision? Your response should be at least 300 words in length.