Business & Finance Homework Help

PLEASE INCORPORATE THE COMMENTS BELOW TO THE ATTACHED DOCUMENT. THANKS AND REGARDS. 

The Initial Draft of your Presentation:

Missing required elements:

1. Identify the best four objectives from the list provided.

Clarification:

You identified more than four objectives. Select the best four objectives and utilize the exact description provided on the list.

2.  Be sure to explain specifically what constitutes a sound objective and why it is important to making the decision. 

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Framing the Decision Statement:

You discussed the three components: purpose, scope, and perspective relative to the MDQ Model.

In this context, enhance your presentation relative to the following:

Biases and Errors in Judgement: How the problem is phrased will influence how the decision is made, and it contributes to different decision outcomes.

(a) Information gaps: Is the information presented in the fact pattern complete or incomplete?

(b) Incomplete information could generate biases which could influence how the problem is framed and eventually contribute to how the decision is made.

Be Specific: Avoid vague and ambiguous statement.

(c) Does the statement adequately reflect all problems to be addressed?

Provide the Context for the Decision to be Made:

1. Choose a context that addresses all the important factors (drivers): assess the total impact on the company

2. What are the problems to be addressed, and why?

●   What is the scope of the problem to be addressed, and why?

● Who needs to be involved, and how?

● Relationship of the current decision to previous and anticipated decisions.

● Examine problems from different perspectives

● Are you prioritizing your risks?

2. Selection and Justification of Objectives:

Selected four main objectives and provide your specific justification.

Address the following required element:

Be sure to explain specifically what constitutes a sound objective and why it is important to making the decision. 

 Consider the following:

Identify the type (s) of Objectives:

(a) For example, fundamental objectives: what are the ends to be achieved?

(b) Other types of objectives: strategic objectives; highly routine objectives; informal objectives; recurring and non-recurring objectives; and complex and unique objectives.

Testing your Objectives:

(a) Are they complete and realistic—clear and concise?

(b) Do they meet the characteristics of “useful objectives?”

(c) Can they be accomplished –effectively implemented?