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managerial decision making

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Decision Making Application Word limit: 3000 words excluding reference list and appendices Weighting/Value: 40% Part 1 – Essay – 20% value: 1500 words excluding references “The capacity of the human mind for formulating and solving complex problems is very small compared with the size of the problems whose solution is required for objectively rational behavior in the real world—or even for a reasonable approximation to such objective rationality” (Simon, 1957, p. 198). Discuss Simon’s quote in reference to a critical examination of four discrete concepts (covered in this course) that may explain bias in decisions. Part 2 – Case study – 20% value: 1500 words excluding references Describe a specific decision making scenario (e.g., real-world application) applicable to each of the four concepts examined in Part 1. You may use four different scenarios here (one for each concept), one general scenario (applied to each concept), or anything in between. For each concept, explain (1) how bias is recognised or identified in the scenario, (2) methods by which bias may be measured or evaluated in the scenario, (3) strategies to address, ameliorate or overcome bias in the scenario, and (4) how this process may improve decision outcomes in the scenario. Part 1 and 2 should be clearly separate although Part 2 discussion may refer to the Part 1. Part 1 provides a theoretical treatment (critical examination) of each concept and should follow essay format. Part 2 provides an applied treatment encompassing relationship of theory and practice in a real-world situation. The structure of presentation may is open - but this is to be in written form (e.g., report or case study format). Students should consult the general guides for marking essays – links plus the ‘General Guide to Writing and Study Skills’ available on the course website A marking guide for assessment 4 is provided at a separate link.

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Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

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HRM203 Human Behaviour in Organisation

I. Details of Assignment 1. Background Your boss just came back from an HRM conference. He is keen to learn more about the latest application of people management theories and concepts in organisations. Over lunch, he asked you to prepare a Report on “Opportunities and Challenges to Organisati ...

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BUS7AQ Creative Change and Innovation

Detail how you would set about managing change in a small traditionally based SME family business in food manufacturing (making simple bakery products) employing just over a 100 people. They are currently losing money but have a reputation for quality.Define how should they tackle innovation & t ...

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