Case Study #2: American Tool and Die – DECISION MAKING, business and finance homework help
In week four we examined biases that occur in making decisions as individuals and the effect they can have upon the process. In week five, we focused on individuals making decisions within an organization and in week six group decision making within the organization.
The purpose of this assignment is to have the student demonstrate how individuals and groups can have differing ways of making decisions and when each should be used in business to its best effect.
Instructions:
Double-spaced, 12-point font. Third person. APA in-text citations. The final product will be between 5-6 pages in length excluding the title page and reference page.
Follow this format:
- Title page with title, your name, the course, the instructor’s name;
- Introduction paragraph in which the decision process is described and its significance in business.
- Body Paragraphs
- Summary paragraph. A summary paragraph restates the main idea(s) of the essay. Make sure to leave a reader with a sense that the essay is complete. The summary paragraph is the last paragraph of a paper.
Read critically and analyze the 2nd case study scenario.
In your paper, respond to the following elements of decision making:
- Apply the decision process to create a decision statement;
- Explain the factors in play for the father and daughter that could affect the decision making;
- Explain the pros and cons of group and individual decision making;
- Explain the factors (e.g. bias, consequences, decision making styles) at work in the case for the could affect decision making for a team;
- Discuss the authority the team should have and why. Discuss the best type of group decision making team for this situation. Who should comprise the team;
ATTACHED IS THE CASE STUDY
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