The Human Resources Department of a corporation is preparing a series of training modules for its managers. You have been asked to prepare one of these modules. Prepare a PowerPoint presentation to address three learning objectives for your intended audience:
1. Explain the difference between System 1 and System 2 Thinking.
2. Demonstrate the application of the six basic steps in the rational decision process of System 2 Thinking as outlined in this week's readings: Define problem, identify criteria, weigh criteria, determine alternatives, rate alternatives based on criteria, and determine optimal decision;
3. Introduce the managers to a minimum of three biases that can influence decisions that are made through both System 1 and System 2 Thinking.
When addressing objective #2 above, use a real or hypothetical example of a decision (Example: Selecting a supplier), at least three real or hypothetical alternatives (Example: Supplier 1, Supplier 2, and Supplier 3), and at least three criteria (Example: Historical On-Time-Delivery Performance, Whether ISO 9000-Certified, Price) to demonstrate the application of the six basic steps. You must arrive at and clearly state the optimal solution by using the six-step process. You will find a good demonstration of how to apply these six steps in the videos provided in this week's books and resources.
Incorporate appropriate animations, transitions, and graphics as well as speaker notes for each slide. The speaker notes may be comprised of brief paragraphs or bulleted lists.
Support your presentation with at least three scholarly resources. In addition to these specified resources, other appropriate scholarly resources may be included.