Overview
Course Learning Outcomes-Covered
1.Find some structured ways of dealing with complex managerial decision problems. (CLO1, Question-1)
2.Explain simple decision models and management science ideas that provide powerful and (often surprising) qualitative insight about large spectrum of managerial problems. (CLO 2, Question-2, Question-3)
3.Demonstrate the tools for deciding when and which decision models to use for specific problems (CLO3, Question-4)
Assignment Instructions:
Answer the following Questions:
Assignment Questions:(Marks 10)
Question 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 analysing 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? (250-300 Words) (2.5 marks).
Question 2: What ethical responsibilities do business analysts must keep in mind when collecting, analysing, and presenting data. How can misuse or misinterpretation of data impact stakeholders and damage organization’s credibility? (250-300 Words) (2.5 marks).
Question 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? (250-300 words) (2.5 marks).
Critical Thinking Question
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? (250-300 Words) (2.5 marks).