BUS 270 Decision Making ActivityScan today's headlines, and you'll probably find an example of how a bad business decision has cost an organization time, money, and resources, resulting in lost revenues, bad publicity, and possibly even lawsuits. All organizations - from Ford Motor Company to the sandwich shop on the corner - rely on their managers to expertly solve problems and make sound decisio
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BUS 270 Decision Making Activity
Scan today's headlines, and you'll probably find an example of how a bad business decision has cost an organization time, money, and resources, resulting in lost revenues, bad publicity, and possibly even lawsuits. All organizations - from Ford Motor Company to the sandwich shop on the corner - rely on their managers to expertly solve problems and make sound decisions. Yet, not all decisions turn out for the best. As part of their productivity and improvement processes, managers need to master proven methods for analyzing problems and making decisions.
Purpose
For this activity, choose an actual example of a bad business decision. Students will work through the scientific decision-making process to reimagine a different approach that the organization could have taken. This exercise provides an opportunity for students to apply problem-solving techniques to an urgent and important real-world problem
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