T4 Decision Making.pdf - MGT115 u2013 Management and...

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MGT115 Management and Organization Tutorial 4 1. You chose MNUBS to pursue your degree program. Explain how you used the eight steps of decision- making process.
Second Step: Identifying Decision Criteria: There four criteria I have to conceder in this problem, which would be , Reputation of the collage , Duration of the Program , Course Content and Course Fee . Third Step : Allocating weight to the Criteria : For me all the criteria’s are important , below is how I have weighted the mentioned criteria . Reputation 10 Course Content 9 Duration 7 Course Fee 6 Fourth Step : Developing Alternatives : I have Three alternative which I can could consider to complete the degree program ,which is MNU , MI Collage and AVID Collage . Fifth Step: Analyzing Alternatives: Above mentioned three college ’s provide the degree program, however it varies from different criteria. Below table shows how I have allocated weight to the different criteria for Three colleges. Sixth Step: Selecting Alternative; using Maximax approach we are going to select the best of best college from above . Reputation Course Content Duration Course Fee Best College MNU - 10 MNU -10 MI College -10 MNU-10 We can clearly see that MNU has the overall highest score among the three college. So we are going to select MNU as our college to complete the degree program. Seventh Step: Implementing Alternative: Since we have selected MNU, first we need to apply for the course, attend the classes and work on tutorials and complete the given assignments. Reputation Course Content Duration Course Fee MI College 8 ( Private ) 7 10 (2yrs ) 8 ( 40,000rf) AVID College 8 (Private ) 6 8 (3yrs) 8 (40,000rf) MNU 10 (National Uni) 10 8 (3yrs ) 10 (33,000rf)
Eight Step: Evaluating the Decision Effectiveness: Orientation was provided on overall course structure and note taking with how assignment reference should be made. Classes has been conducted as scheduled. Reading materials and class topics (Slides) are being provided in “MOODLE” where student can access any time. 2. Why is decision making often described as the essence of a manager’s job?

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