Decision making & problem solving

Decision making & problem solving

Decision making & problem-solving

INDIVIDUAL WRITTEN ASSIGNMENT 2,400 WORDS, 80% OF MODULE ASSESSMENT
Q1
With reference to a listed company of your choice identify a recent major issue that they have had to deal with. Describe what the issue was and discuss how your chosen company dealt with it. (Learning Outcome 2)
(20 marks)
Guidance: Students should be justifying their choice of problem, not just describing the problem, supported with justification from organisational data. The justification should include introductory theory on problem solving to support why the student selected this decision. The student should describe the approach to decision making and problem solving taking by the organisation, not just the solution reached.
Q2
Critically appraise the approaches used by the organisation in trying to address this major issue. With hindsight and time suggest how the company could have responded better. What other decision making and problem solving techniques would have been most appropriate for this decision or problem. (Learning Outcomes 1-4)
(60 marks)Guidance: Good answers here will be supporting their evaluation with theory, and providing other options and arguing the optimal way of tackling this problem or decision. Students should support their proposed options with evidence from theory, and potentially other contemporary companies’ successes and failures.
Q3
As the company is listed on the stock market analyse how that market viewed the major issue and the company’s responses that followed. This will involve analysing the company’s share price across the period of the event. (Learning Outcomes 1 and 3)
(20 marks)Guidance: Implementation theory to be discussed here, in context of the particular organisation and problem. Students should demonstrate a clear knowledge of available implementation methods and how they relate specifically to this particular decision or problem.

 

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