Describe decision making process for complex issues pertaining to business environment both internally and externally (C.L.O :1.1)

The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.

· Assignments submitted through email will not be accepted.

· Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.

· Students must mention question number clearly in their answer.

· Late submission will NOT be accepted.

· Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.

· All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).

Submissions without this cover page will NOT be accepted

Learning Outcomes:

1. Describe decision making process for complex issues pertaining to business environment both internally and externally (C.L.O :1.1)

2. Explain and apply critical thinking and cognitive psychology as it pertains to analyze and synthesize information for problem solving and decision making. (C.L.O :2.1)

3. Analyze ethical issues and dilemmas that businesses often face and employ ethical standards in all manners and circumstances. (C.L.O :3.2)

Assignment Instructions for Part-I:

· 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: “11 Myths About Decision-Making”

Author: Strauss Einhorn, Cheryl

Date of Publication: April 20, 2021

Published: Harvard Business Review

Assignment Question(s): (Marks 10)

Part-I

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 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 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; 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; Marks 2)