What is rational decision making


Assignment:

Case Study 1

Read the DuPont Case Study.

After reviewing the case and studying, respond to the following two questions in an essay (introduction, body, and conclusion) format. Grading will be dependent on your ability to incorporate core ideas from the textbook and to respond to each question in a detailed and structured manner.

Note: Minimum word count for each question is 350 to 400 words.

1.What is planning? Using the content presented in, provide details of a plan to improve the overall stock returns of DuPont. Provide details and examples to support your answer.

2.What is rational decision making? Based on the information provided in, what are the various steps of rational decision making? Based on the facts provided in the case, is it time to reconsider DuPont's overall purpose or slogan and why? What kinds of goals should the company set related to the value of stocks, employees, and product development? Provide details and examples to support your answers.

CASE STUDY 2

Read the To Pay or Not to Pay? scenario.

After reviewing the scenario and studying, please respond to the following two questions in an essay (introduction, body, and conclusion) format. Grading will be based on your ability to incorporate core ideas from the textbook and to respond to each question in a detailed and structured manner.

Note: Minimum word count for each question is 200 to 250 words.

1. Based on the details provided in the scenario, what key issues are faced by Toyota? What is your recommendation for how Toyota should approach this situation? Why?

2. Based on the information provided in, list and explain at least three decision criteria that Toyota could use in this situation. Include the details of how you would weigh each decision criterion. Provide details and examples to support your answer.

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