A common prioritization process

Assignment Help Business Management
Reference no: EM1337993

A common prioritization process involves a matrix to make pair-wise decisions when the list of choices is difficult. The pair-wise decision-making grid for a list of ten items might look like the following:

1-2

1-3 2-3

1-4 2-4 3-4

1-5 2-5 3-5 4-5

1-6 2-6 3-6 4-6 5-6

1-7 2-7 3-7 4-7 5-7 6-7

1-8 2-8 3-8 4-8 5-8 6-8 7-8

1-9 2-9 3-9 4-9 5-9 6-9 7-9 8-9

1-10 2-10 3-10 4-10 5-10 6-10 7-10 8-10 9-10

Using the matrix as a guide and the following numbered list, determine the priorities of the following ten items, assuming you will have enough resources to solve only one of the problems.

1. World Hunger

2. Sufficient Energy

3. Violent Crime, Terrorism, and War

4. World Health

5. Economic Prosperity for Everyone

6. Religious Conflict

7. Extra-Terrestrial Colonization

8. Environmental Preservation (Clean Water and Air, Wildlife Territory Preservation)

9. Working Stress

10. Improving Public Education

Follow this process for prioritizing:

1. For each box in the matrix, compare the items numbered in the box. For example, the upper left box tells you to compare item one against item two.

2. Circle the number in the box that you believe has higher priority. For example, if you think World Hunger is a bigger problem than Sufficient Energy, you would circle the number.

3. Repeat steps 1 and 2 for all of the boxes.

4. Add up the number of times you circled each number, looking in all the rows and columns. For example, the number five occurs in the fourth row and the fifth column, so you have to look across the row and down the column to find all the numbers that you had circled. If you have captured all of the numbers correctly, the total should add up to 45. Record the answers below.

Item Your Count

1

2

3

4

5

Reference no: EM1337993

Questions Cloud

How to use an external css file to style : give a Submit button for the form, and make up a name for the PHP script that would handle the replies on the Web server. At this stage, nothing will happen if the user clicks the Submit button. Just concentrate on the HTML5.
Computing net proceeds of an ipo : ABC is planning an IPO. Its underwriters say the stock the stock will sell at $20. The direct costs will be $800,000. The underwriters will charge a 7% spread. A - How many shares must be sold to net $30 million?
Core features of personality : Eysenck noted that the two-dimensional structure of traits he identified in his 20th-century research is related closely to taxonomy of personality characteristics identified by the ancient Greeks.
Provide the demand curve in part price and quantity : Provide the demand curve in part a, what is the equilibrium price and quantity. If consumer income increases to 30,000 what will be the impact on equilibrium price and quantity.
A common prioritization process : A common prioritization process involves a matrix to make pair-wise decisions when the list of choices is difficult.
Differentiating between risk and uncertainty : The difference between risk and uncertainty is?
Explaining international virtual teams management : Discuss International virtual teams management ,the problems of communication, tasks, conflict resolution, solutions and good practices managers must consider.
The procedures and methods for baseline data : Create a  Word document describing t he procedures and methods for baseline data.
Difference among economic profits and accounting profits : Elucidate the difference between economic profits and accounting profits. Using the concepts of relative elasticity and relative inelasticity, explain price elasticity of demand.

Reviews

Write a Review

Business Management Questions & Answers

  It adds strategic value to an organization

Explain the ways in which IT adds strategic value to an organization.

  Management questions for secondary data sources

Name some management questions for which secondary data sources are probably the only ones feasible?

  Kind of information the company needs to design a program

Why this program is significant. The kind of information the company needs to design the retention program. Where to get this information.

  Time management for leaders and management

How important is time management for leaders and management?

  Characteristics are important for fit leaders

What practices and characteristics are important for fit leaders? Which key practices are you committing to pursue in your life?

  Describing crime rate of venezuela

What is the crime rate of Venezuela? Use outside references. How does your country's crime stats compare to the U.S.?

  Define sampling error

Define sampling error. Could the value of the sampling error be zero?

  Important for leaders to know their strengths

Why is it important for leaders to know their strengths.

  Forecast the smoothing constant

A check-processing center uses exponential smoothing to forecast the number of incoming checks each month.

  Find the covariance between microsoft and apple stocks

Find the covariance between Microsoft and Apple stocks

  Design and draw a form

Speedy Spuds is a fast-food restaurant offering all kinds of potatoes.  Design and draw a form (you choose the size, but be sensible) that lists possible potatoes and toppings in a manner that is easy for counter servers and kitchen crew to scan

  The role of a market manager at harley davidson

The role of a market manager at Harley Davidson

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd