Homework
Learning Outcomes:
1) Describe decision making process for complex issues pertaining to business environment both internally and externally.
2) Explain and apply critical thinking and cognitive psychology as it pertains to analyze and synthesize information for problem solving and decision making.
3) Analyze ethical issues and dilemmas that businesses often face and employ ethical standards in all manners and circumstances.
Task
Read the attached article titled as "11 Myths About Decision-Making" by Strauss Einhorn, Cheryl, published in Harvard Business Review, and answer the following Questions:
1) Summarize the article and explain the main issues discussed in the article. (In 500 words)
2) How will these myths help you improving decision-making and problem-solving skills? Explain in relation with the text you learnt in the course. Use additional reference to support your argument. (In 400 words)
3) You can take a problem-solving approach to resolving conflicts in an organization. Suppose you and your colleague are working together on a high-profile project to develop software for handling orders at your company. You want to adapt existing software and your colleague wants to develop new software. How would you apply the problem-solving steps to resolve the conflict? (Words 300)
4) Built-in obsolescence means designing products that will degrade over time or otherwise need to be replaced. Many products depend on built-in obsolescence to ensure sales, such as light bulbs, batteries, and electronic devices. Do you think selling products with built-in obsolescence is an ethical way to do business? (Words 200)
Format your homework according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.