Describe decision making process for complex issues pertaining to business environment both internally and externally. Define different perspectives and concepts of problem solving in diverse contexts and business situations.

Decision-making process

1. Describe decision making process for complex issues pertaining to business environment both internally and externally (C.L.O :1.1)
2. Define different perspectives and concepts of problem solving in diverse contexts and business situations. (C.L.O :1.2)
3. Explain and apply critical thinking and cognitive psychology as it pertains to analyze and synthesize information for problem solving and decision making. (C.L.O :2.1)

Part-I

Read the article titled as “Drive Innovation with Better Decision-Making.” by Linda A Hill, Emily Tedards, and Taran Swan published in Harvard Business Review, and answer the following Questions:

1. Summarize the article and explain the main issues discussed in the article. (In 500-600 words) (Marks 5)
2. According to the article, why we should focus on Decision-Making? Discuss in relation with the text you learnt in the course. Use additional reference to support your argument. (In 400-500 words) (Marks 5)

Part-II- Critical Thinking Question

1. “Decision making is the process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.” Explain the statement with example (Words 400-500) (Marks 5