Description
Mgt312
Week 2: Interactive activity
2.1 Learning Outcomes:
* Understand problem solving
* Analyze problems
* Work with problem owners and stakeholders
* Develop effective problem statements
2.2 Action Required:
Watch the short video in the following link:
“The 7 step decision making process” –
2.3 Test your Knowledge (Question):
* Explain the 7 step decision making process with example
2.4 Instructions
* Answer the question in test your knowledge section.
* Post your answer in the discussion board using the discussion link below (Week2:Interactive learning Discussion)
Week 11: Interactive activity
11.1 Learning Outcomes:
* Work with formulas and functions
* Perform what-if analyses
* Weigh factors
11.2 Action Required:
Read the article in the following link:
https://www.toolshero.com/decision-making/what-if-…
11.3 Test your Knowledge (Question):
1. What is the significance of ‘What-If analysis’ in business for decision making process? Write with example.
2. What are the basic steps of What-If analysis?
11.4 Instructions
* Answer both questions in test your knowledge section.
* Post your answer in the discussion board using the discussion link below (Week11: Interactive learning Discussion)
Week 12: Interactive activity
12.1 Learning Outcomes:
* Create decision trees
* Use graphics to display data
* Spreadsheet Tools
12.2 Action Required:
Read the following statement:
A decision tree is a diagram you use to analyze and track questions that a particular raise. Weighted factors help you compare decision factors fairly.
12.3 Test your Knowledge (Question):
What are the advantages of using mathematical decision tools such as decision trees and weighted factors? Discuss with example.
12.4 Instructions
* Answer the question in test your knowledge section.
* Post your answer in the discussion board using the discussion link below (Week12:Interactive learning Discussion)
Mgt402
12.1 Learning Outcomes:
* Explain the factors necessary for a strong family business
* Understand the exit strategy options available to an entrepreneur
* Discuss the stages of management succession
* Explain how to develop an effective management succession plan.
* Understand the four risk management strategies.
* Discuss the basics of insurance for small business.
12.2 Action Required:
* Watch the short video at the following link:
12.3 Test your Knowledge (Question):
* Define the essential qualities of a successful family business.?
12.4 Instructions
* Answer the question available in the “Test your Knowledge” section.
Post your answer in the discussion board using the discussion link below
