Problem:
When you arrive at work, Mr. Myers (your manager) informs you that the board of directors wishes to meet with you. Not knowing what the meeting could be about, you prepare yourself for the worst. At the meeting, the board tells to you that you have passed all the assignments leading up to the promotion, and you will be promoted next week. Excited, you immediately thank everyone in the room.
With the promotion already set in stone, Mr. Myers reveals to you that he has one more assignment for you before you move to a new position. He asks you to prepare a report discussing the improvement of decision making. He explains that the report must cover the 6 strategies of decision making.
You must submit a report consisting of 1,000-1,500 words in which you discuss the improvements of decision making.
You must address the following in you report:
Explain the improvements of decision making.
Discuss Strategy 1: Use decision-analysis tools.
Discuss Strategy 2: Acquire expertise.
Discuss Strategy 3: Remove bias from your judgment.
Discuss Strategy 4: Reason analogically.
Discuss Strategy 5: Take an outsider's view.
Discuss Strategy 6: Understand biases in others.
Discuss how the strategies can help your company implement the new line of business suits.
Assess the relevance of each of these approaches to specific decisions.
Apply each of the three models to complex business decisions.