{"id":23349,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/bumgt5980-managerial-decision-making-assessment-task-4"},"modified":"2017-08-03T16:10:39","modified_gmt":"2017-08-03T16:10:39","slug":"bumgt5980-managerial-decision-making-assessment-task-4","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/bumgt5980-managerial-decision-making-assessment-task-4\/","title":{"rendered":"BUMGT5980 \u2013 Managerial Decision Making Assessment Task 4"},"content":{"rendered":"<div class=\"the_content_wrapper\">\n<p>BUMGT5980 \u2013 Managerial Decision Making<\/p>\n<p>Assessment Task 4 \u2013 Decision Making Application Due date: Week 12 Word limit: 3000 words excluding reference list and appendices Weighting\/Value: 40% Part 1 \u2013 Essay \u2013 20% value: 1500 words excluding references \u201cThe 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\u2014or even for a reasonable approximation to such objective rationality\u201d (Simon, 1957, p. 198). Discuss Simon\u2019s quote in reference to a critical examination of four discrete concepts (covered in this course) that may explain bias in decisions. Part 2 \u2013 Case study \u2013 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 \u2013 but this is to be in written form (e.g., report or case study format). Students should consult the general guides for marking essays \u2013 links plus the \u2018General Guide to Writing and Study Skills\u2019 available on the course website A marking guide for assessment 4 is provided at a separate link.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BUMGT5980 \u2013 Managerial Decision Making Assessment Task 4 \u2013 Decision Making Application Due date: Week 12 Word limit: 3000 words excluding reference list and appendices Weighting\/Value: 40% Part 1 \u2013 Essay \u2013 20% value: 1500 words excluding references \u201cThe capacity <a href=\"https:\/\/www.benedictsol.com\/blogs\/bumgt5980-managerial-decision-making-assessment-task-4\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-23349","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/23349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=23349"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/23349\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=23349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=23349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=23349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}