Rmember that you must answer the discussion question and

Reference no: EM13474201

In this course, the Discussion Boards will focus on practical issues regarding analytics in the practical world. If you do not want to comment on your organization (due to confidentiality issues or if your experience does not fit the Assignment) then comment on another organization that you are familiar with. You may also do research on a company and base your answers on your findings.

Remember that you must answer the discussion question by Saturday and must post on three separate days. Please see the syllabus for details on Discussion Board requirements.

This discussion is based on the article "A pyramid of decision approaches" by Paul Schoemaker and Edward Russo from California Management review. Make sure to acquire this article before starting the discussion.

While analytics is very valuable, it is not practical to analyze every decision situation. In the fast pace of the business world, you often allow rules-of-thumb to replace analysis. Making decisions based on rules allow us not only to save time but also take advantage of the expertise and experience of those who developed the rule for us. Unfortunately, you do not always recognize when you should question the rules and instead make an alternative decision based on your own analysis. Being able to know when not to use the rules as given is a critical skill in applying analytics efficiently.

The article you will use this week is pretty long and covers various approaches to decision making. You will focus on the discussion on rules that starts on page 12. You will question your own organization's use of rules and see if you can find improvements.

For this discussion, you will apply the six steps listed on page 15. Please use the template below in your analysis.

Reference no: EM13474201

Questions Cloud

Howell and newcombe examined 6 month old infants who were : howell and newcombe examined 6 month old infants who were low birth weight babies when they were born. each child was

To fulfill the research component of this assignment you : to fulfill the research component of this assignment you should conduct at least two searches using any of the

To test this a research participant has her brain scanned : a researcher predicts that listening to music while solving math problems will make a particular brain area more

According to the article childrens attitudes toward their : according to the article childrens attitudes toward their race and ethnic group and other cultural groups begin to form

Rmember that you must answer the discussion question and : in this course the discussion boards will focus on practical issues regarding analytics in the practical world. if you

Background john muir was a naturalist writer and an early : background john muir was a naturalist writer and an early advocate of preserving americas natural resources for future

Find out expected value of the variable find out : a student is randomly selected from a group of elementary school students. there are 10 six-year old students 12

Think about an industry in which you are presently working : think about an industry in which you are currently working or have worked in recently. what was the single most

Research and recognize how the us government supports : research and identify how the u.s. government supports innovative technology activities in companies. discuss at least

User Account

All Pages