Description
❖ This assignment is an individualassignment.
❖ DUE DATE FOR ASSIGNMENT 2 IS BY THE END OF WEEK 6 (02/08/2024).
❖ 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. THIS ALSO INCLUDES FILLING YOUR INFORMATION ON THE COVER PAGE.
❖ STUDENTS MUST MENTION QUESTION NUMBER CLEARLY IN THEIR ANSWER.
❖ LATE SUBMITTED ASSIGNMENTS WILL NOT BE ENTERTAINED.
❖ 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.
Course Learning Outcomes-Covered
• Find some structured ways of dealing with complex managerial decision problems. (CLO 1, Q1)
• Explain simple decision models and management science ideas that provide powerful and (often surprising) qualitative insight about large spectrum of managerial problems.(CLO 2, Q2, Q3)
• Demonstrate the tools for deciding when and which decision models to use for specific problems (CLO3, Q4)
Assignment Questions:(Marks 15)
1. In today’s data-driven business environment, business analysts play a crucial role in shaping the organizational strategies and outcomes. Consider a business scenario where decisions are made without analyzing the data. What potential risks and challenges an organization might face, and how could these be mitigated by the business analysts through effective data analysis? (In 300-350 words, 5marks)
2. What ethical responsibilities do business analysts must keep in mind when collecting, analyzing, and presenting data. How can misuse or misinterpretation of data impact stakeholders and damage organization’s credibility? (In 200-400 words, 4 marks)
3. How are advancements in communication technologies and the rise of remote work reshaping the dynamics between centralized and decentralized decision-making in contemporary organizations?(In 200-300 words, 2 marks)
Critical Thinking Question
4. Reflecting on the concept of analysis paralysis- where excessive information gathering leads to indecision- consider a significant decision you have made recently such as purchasing/renting a home or land. Describe the steps you took to reach your decision. In what ways could collecting too much information have led to analysis paralysis during this process, and how might this have impacted your final choice? (In 200-350 words, 4 marks)
Answers:
Assignment 2
Spreadsheet Decision Modelling (MGT425)
Deadline for students: End of Week 06 (02/08/2024 @23:59)
To be posted/released to students on BB in Week 4
Course Name: Spreadsheet Decision Modelling
Student’s Name:
Course Code: MGT425
Student’s ID Number:
Semester: Summer
CRN: 50148
Academic Year: 2024-2025, Summer Semester
For Instructor’s Use only
Instructor’s Name: Dr.
Students’ Grade: /15
Level of Marks: High/Middle/Low
Instructions – PLEASE READ THEM CAREFULLY
❖ This assignment is an individual assignment.
❖ Due date for Assignment 2 is by the end of Week 6 (02/08/2024).
❖ 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. This also includes
filling your information on the cover page.
❖ Students must mention question number clearly in their answer.
❖ Late submitted assignments will NOT be entertained.
❖ 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.
Course Learning Outcomes-Covered
•
Find some structured ways of dealing with complex managerial decision problems. (CLO
1, Q1)
•
Explain simple decision models and management science ideas that provide powerful and
(often surprising) qualitative insight about large spectrum of managerial problems.(CLO
2, Q2, Q3)
•
Demonstrate the tools for deciding when and which decision models to use for specific
problems (CLO3, Q4)
Assignment Questions:
(Marks 15)
1. In today’s data-driven business environment, business analysts play a crucial role in
shaping the organizational strategies and outcomes. Consider a business scenario where
decisions are made without analyzing the data. What potential risks and challenges an
organization might face, and how could these be mitigated by the business analysts through
effective data analysis? (In 300-350 words, 5 marks)
2. What ethical responsibilities do business analysts must keep in mind when collecting,
analyzing, and presenting data. How can misuse or misinterpretation of data impact
stakeholders and damage organization’s credibility? (In 200-400 words, 4 marks)
3. How are advancements in communication technologies and the rise of remote work
reshaping the dynamics between centralized and decentralized decision-making in
contemporary organizations? (In 200-300 words, 2 marks)
Critical Thinking Question
4. Reflecting on the concept of analysis paralysis- where excessive information gathering
leads to indecision- consider a significant decision you have made recently such as
purchasing/renting a home or land. Describe the steps you took to reach your decision. In
what ways could collecting too much information have led to analysis paralysis during this
process, and how might this have impacted your final choice? (In 200-350 words, 4 marks)
Answers:
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