1- Interactive Learning activity
1.1 Learning Outcomes:
- Find some structured ways of dealing with complex managerial decision problems.
- Explain simple decision models and management science ideas that provide powerful and (often surprising) qualitative insight about large spectrum of managerial problems.
- Demonstrate the tools for deciding when and which decision models to use for specific problems.
- Build an understanding of the kind of problems that is tackled using spreadsheet modeling and decision analysis.
1.2 Action Required:
- Watch the short video in the following link:
https://www.youtube.com/watch?v=hGnnLJ93OPg
1.3 Test your Knowledge (Question):
- What is Modeling? Write the different types of models.
- List the five Benefits of Business Models.
1.4 Instructions
- Answer both questions in test your knowledge section.
- Post your answer in the discussion board using the discussion link below.