Discuss the inadequacy of the management theory

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Reference no: EM133791675

Homework: Spreadsheet Decision Modeling

Learning Outcomes

1. Find some structured ways of dealing with complex managerial decision problems.

2. Explain simple decision models and management science ideas that provide powerful and (often surprising) qualitative insight about large spectrum of managerial problems.

3. Demonstrate the tools for deciding when and which decision models to use for specific problems.

4. Build an understanding of the kind of problems that is tackled using Spreadsheet Modeling and decision analysis.

Article: "Intuitive and Rational Cognition in the Theory and Practice of Management Sciences" by Marcin Nowak, Joanna Ziomek.

Task

Read the above case study and answer the following Questions:

Question I: Explain the role of rational and intuitive cognition in the theory and practice of management. (250-300 words).

Question II: Discuss that the decision-making process takes place in conditions of permanent uncertainty under the pressure of time. (250-300 words).

Question III: Discuss the inadequacy of the management theory in relation to problems faced by management practitioners in the decision-making process. (250-300 words).

Question IV: Explain the various stages of problem-solving process with suitable examples. (250-300 words).

Reference no: EM133791675

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