The Human Resources Department of a corporation is preparing a series of training modules for its managers. You have been asked to prepare one of these modules. Prepare a PowerPoint presentation to address three learning objectives for your intended audience:
1. Explain the difference between System 1 and System 2 Thinking.
2. Demonstrate the application of the six basic steps in the rational decision process of System 2 Thinking as outlined in this week’s readings: Define problem, identify criteria, weigh criteria, determine alternatives, rate alternatives based on criteria, and determine optimal decision;
3. Introduce the managers to a minimum of three biases that can influence decisions that are made through both System 1 and System 2 Thinking.
When addressing objective #2 above, use a real or hypothetical example of a decision (Example: Selecting a supplier), at least three real or hypothetical alternatives (Example: Supplier 1, Supplier 2, and Supplier 3), and at least three criteria (Example: Historical On-Time-Delivery Performance, Whether ISO 9000-Certified, Price) to demonstrate the application of the six basic steps. You must arrive at and clearly state the optimal solution by using the six-step process. You will find a good demonstration of how to apply these six steps in the videos provided in this week’s books and resources.
Incorporate appropriate animations, transitions, and graphics as well as speaker notes for each slide. The speaker notes may be comprised of brief paragraphs or bulleted lists.
Support your presentation with at least three scholarly resources. In addition to these specified resources, other appropriate scholarly resources may be included.
Length: 12-15 slides (with a separate cover slide, agenda slide, and reference slide) Notes Length: 100-150 words for each slide
Be sure to include citations for quotations and paraphrases with references in APA format and style where appropriate. Save the file as PPT with the correct course code information. Upload your assignment using the Upload Assignment button below.
1.0 Appraise the influence of the following on any given decision: risk, conflict, ethics, legality, incentives, biases, and time constraints. 3.0 Relate decision-making, organizational leadership, and organizational communication to one another. 4.0 Devise appropriate decision-making approaches based on the nature and global dimensions of a given situation. 6.0 Apply a quantitative analytical method to select from competing alternative solutions.
Articles Reference Instruction Carter, F. (2013). Developing expertise in management decisionmaking. http://proxy1.ncu.edu/login? url=http://search.ebscohost.com/login.aspx? direct=true&db=bth&AN=87742564&site=ehost-live Read Article McCallum, J. S. (2012). Thinking, fast and slow: A must read for executives. http://proxy1.ncu.edu/login? url=http://search.ebscohost.com/login.aspx? direct=true&db=bth&AN=74126644&site=eds-live Read Article O’Brien, D. T. (2012). Thinking, fast and slow by Daniel Kahneman.
http://proxy1.ncu.edu/login? url=http://search.ebscohost.com/login.aspx? direct=true&db=pdh&AN=2012-24856-009&site=eds-live
Smith, W. K. (2015). Dynamic decision making: A model of senior leaders managing strategic paradoxes. http://proxy1.ncu.edu/login? url=http://search.ebscohost.com/login.aspx? direct=true&db=bth&AN=101297119&site=eds-live
Websites Reference Instruction Dvorsky, G. (2013). The 12 cognitive biases that prevent you from being rational. http://io9.gizmodo.com/5974468/the-most-common-cog… Read Website Article
Document/Other Reference Instruction Alanis Business Academy. (2014). The rational decision making model, part 1 [Video File]. Watch Video Alanis Business Academy. (2014). The rational decision making model, part 2 [Video File]. Watch Video MBA5121 Assignment Evaluation Criteria
MBA 5121-8 Grading Rubrics.pdf
Review Week 1 Assignment Evaluation Criteria
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