Decision Making and Problem Solving (MGT 312)
| Kingdom of Saudi Arabia Ministry of Education Saudi Electronic University | المملكة العربية السعودية وزارة التعليم الجامعة السعودية الإلكترونية |
College of Administrative and Financial Sciences
Assignment 3
Due Date: End of week 13, 02/12/2023 @ 23:59
| Course Name: Decision Making and Problem Solving | Student’s Name: |
| Course Code: MGT312 | Student’s ID Number: |
| Semester: 1st | CRN: |
| Academic Year:2023-24; FIRST SEMESTER | |
For Instructor’s Use only
| Instructor’s Name: | |
| Students’ Grade: / 10 | Level of Marks: High/Middle/Low |
General Instructions – PLEASE READ THEM CAREFULLY
- This assignment is a group assignment. Each group will consist of 4 Students only.
- The Assignment must be submitted only in WORD format 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.
- 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:
- Describe decision making process for complex issues pertaining to business environment both internally and externally. (C.L.O :1.1)
- Demonstrate decision tools and employ appropriate analytical business models to break down complex issues. (C.L.O :2.2)
- Demonstrate effective leadership skills and teamwork capacity for efficient decision making with the problem owners and other stakeholders as either a team member or a team leader. (C.L.O :3.1)
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: “Case Study: Should a Dollar Store Raise Prices to Keep Up with Inflation?”
Author: by Jill Avery and Marco Bertini
Date of Publication: March 1, 2023
Published: Harvard Business Review
Assignment Question(s): (Marks 10)
Read the case study titled as “Case Study: Should a Dollar Store Raise Prices to Keep Up with Inflation?” by Jill Avery and Marco Bertini published in Harvard Business Review, and answer the following Questions:
- Identify the main problem and subproblems of the case? [Mark 1]
- Write all the information present in the case that would be helpful for decision. What other information should you gather, that would be helpful to know before making decision? [Mark 1]
- Brainstorm with your team and generate all the ideas that your team suggests. The team cull the ideas and selected some relevant alternative choices for decision. [Mark 2]
- Weighing the alternatives [Marks 2]
When weighing the various alternatives, how well each alternative fulfils the variables to consider can be expressed as scores. A different rating scale will be used to assess each alternative:
| +2 very suitable +1 quite suitable 0 neither suitable nor unsuitable -1 not quite suitable -2 not suitable at all |
Note: Positive numbers (+2 or +1) indicate that the alternative is able to fulfil the variables, whereas negative numbers (-2 or -1) denote the opposite.
- Draw a decision tree based for decision making, [2 Marks]
- As CEO of the Dollar store, what will be your decision to keep up with inflation and why? [Mark 1]
- Write the conclusion and overall assessment. [Marks 1]
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