Discuss that the decision-making process takes place in conditions of permanent uncertainty under the pressure of time.

Management

MGT425-Spreadsheet Decision Modeling

Assignment 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 process with 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).