350 - hinking Simulation Team A

350 - hinking Simulation Team A - Simulation 1 Running...

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Simulation 1 Running Head: CRITICAL THINKING SIMULATION Critical Thinking Simulation Learning Team A Yvette Augustus Simone Brown Judi Crooks Ayesha Johnson Sarah Sosebee MGT/350 University of Phoenix Critical Thinking Simulation
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Running Head: CRITICAL THINKING SIMULATION In this week’s assignment each member of our learning team completed the critical thinking simulation in which we were placed in a managerial situation, having to evaluate different problems and solutions. This simulation incorporated problems that are commonly faced by businesses and techniques and tools that can help make important, well-thought decisions. By investigating the real source of a problem, as opposed to symptoms of a problem, and assessing multiple solutions; one can find the best resolution. This exercise emphasizes the importance of using a decision-making process to make well-informed choices. The premise of this simulation placed you in charge of electronics store in Dallas, Texas for a period of five months. The company that owns the electronic store, Credenhill Industries, is a multimillion dollar corporation with investments in varying subsidiaries such as cola and mobile telephones. The store that you are taking over is experiencing various issues, and it is your job to identify the real problems, determine the seriousness of each, examine possible solutions, and evaluate the impact of your decisions. The simulation shows the magnitude of using a decision-making process when facing problems in business. At first glance, some issues may seem more critical than they actually are. Sometimes the symptoms of a problem can appear to be the issue, which often leads to inefficient solutions. Framing the problem is the first step in the decision-making process. This involves identifying the source of the problem, defining the goals of your organization, and determining the effect of the problem. The simulation uses an urgency-criticality matrix to help determine the significance of each dynamic in the store’s problems. This tool forces you to
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350 - hinking Simulation Team A - Simulation 1 Running...

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