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MGT 672 --- Assume the role of a senior level manager within the context of your organization. Using the decision matrix tool, discuss a decision that you must make for your organization in the face of several options. In your analysis, discuss how the decision matrix could assist you in the decision-making process. What are some potential challenges to your decision? Importantly, what are some possible outcomes? Be specific. Embed course material concepts, principles, and theories, which require supporting citations along with two scholarly peer-reviewed references in supporting your answer. Be sure to support your statements with logic and argument, citing all sources referenced. One page discussion. 3-4 references

Date Posted: 21/01/2019
Category: Business
Due Date: 22/01/2019
Instruction
Required • Review Chapter 4 in Judgment in Managerial Decision Making http://ltoursmorocco.com/maletil.pdf • Del Campo, C., Pauser, S., Steiner, E., & Vetschera, R. (2016). Decision making styles and the use of heuristics in decision making. Journal of Business Economics. 86(4), 389-412. • Mousavi, S., & Gigerenzer, G. (2016). Heuristics are tools for uncertainty. Homo Oeconomicus. 34(4), 361–379. Retrieved from https://link.springer.com/article/10.1007%2Fs41412-017-0058-z Recommended • To, C., Kin-Man, Y., Rachel W., Mok, P., Chau, K., Wong, M., & Cheung, N. (2018). Collaboration reasoning or social heuristics? Value proposition validity in omnium-gatherum business models. Journal of Business Research. 88, 550-559.
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  • The Dr. updated us with this This needs to be a decision YOU think up and can apply to the tool that you choose. Using the tool, you will need to make several options – list these. Then discuss in your OWN words which would be the best option. List some Potential Challenges to your decision in your own words and why they would be. List some possible outcomes and why the would be. To incorporate your two Peer Reviewed Journal Articles, you can ‘validate’ your thoughts to your challenges or outcomes. Please use ‘headings’ for each of these areas. Such as: Decision to be Made Decision Tool Potential Challenges Possible Outcomes This way it will give you a format to use and make sure you are responding to all areas
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