Question

In: Economics

Course Learning Outcomes-Covered • Demonstrate a solid understanding of decision making process for complex issues pertaining...

Course Learning Outcomes-Covered
• Demonstrate a solid understanding of decision making process for complex issues pertaining to business environment both internally and externally. (1.2)
• Explain critical thinking and cognitive psychology as it pertains to analyze and synthesize information for problem solving and decision making. (2.7)
• Identify and analyze different perspectives on understanding problems for different situations. (3.1)
..

Assignment Instructions:
• Log in to Saudi Digital Library (SDL) via University’s website
• On first page of SDL, choose “English Databases”
• From the list find and click on EBSCO database.
• In the search bar of EBSCO find the following article:
Title: “The elements of good judgement- How to improve your decision-making”
Author: Sir Andrew Likierman, Professor, London Business School
Date of Publication: January–February 2020  
Published: Harvard Business Review
..

Assignment Questions: (Marks 05)
1. Read the attached article titled as “The elements of good judgement- How to improve your decision-making” by Sir Andrew Likierman, published in Harvard Business Review, and answer the following Questions: [5 Marks]
a. Summarize the article and explain the main issues discussed in the article. (In 600-700 words)
b. What do you think about the article in relations to what you have learnt in the course about improving decision-making and problem solving skills? Use additional reference to support you argument. (In 300-500 words)

Solutions

Expert Solution

A.“The parts of excellent judgment- the way to improve your decision-making” by Sir Saint Andrew Likierman.

Good judgment helps a lot to improve the choice creating.

Making sound choices is core to each leader’s ability to succeed. This glorious HBR article by Sir Saint Andrew Likierman.

As Sir Saint Andrew Likierman is giving a sensible recommendation that Leaders square measure needed to own several qualities however if he hasn't got sensible judgment quality he's not a good leader Leaders can't require good judgment run out of his cash. while not having to require good judgment leads their followers in the wrong direction. Those with passion however no judgment hurl themselves down the incorrect methods.

Good judgment involves correct coming up with guaranteeing to fulfill the target and performed a task in such a way that the lead target to achieve. It additionally involves unraveling a tough state of affairs tough drawback with the assistance of correct understanding of things and take a call that guarantees surety of success. Good judgment additionally involves judgment once predicting future situations.

Leader and anyone will improve Judgement and decide skills by following ways in which

1. Be aware of non-public bias. ...

2. Consider the opposite points of the reading. ...

3.Accept your mistakes.

4.Learn from expertise. ...

5.Avoid flip-flopping. ...

6.Automate repeat and routine decisions to free your mind for a lot of important decisions.

7.Demonstrate sensible Judgement at work

Evaluate circumstances

1.Use critical-thinking skills to achieve objective conclusions.

2.Are ready to create choices stressed.

3.Opt for a “problem-solving” perspective, as hostile a “that's not my job” approach.

4.Help groups overcome obstacles.

B.

According to my opinion, sensible judgment helps plenty in up deciding and drawback determination skills if you remember of non-public bias. and contemplate the opposite points of the reading. and settle for your mistakes. and Learn from expertise it'll lead you to enhance your deciding ability. According to ME an honest judgment additionally facilitates to enhance deciding power similarly because it cutbacks unforeseen contingencies and reduces approaching circumstances and solves several drawbacks.


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