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Martin V. Smith The acumen of Bud Smith was renowned. Facts, figures and projections for an empire that stretched over 200 properties and businesses were constantly swirling in his head primarily because technology had not evolved to today’s standards that are critical to decision-making. Therefore, the MVS Center is an appropriate link to the future in his memory. 2 Decision Making

Purpose Provides physical and virtual space to facilitate innovative case teaching and collaborative learning, as well as to conduct research in group decision making. Supports integrative decision-making by utilizing the expertise of faculty members within the Martin V. Smith School of Business and Economics and CSU Channel Islands. 3

Purpose - Continued This is the place for students, faculty, members of the local community, and businesses to study business cases, conduct research, and address complex business and social problems. The Center can hold facilitated physical and virtual meetings such as strategic planning, focus group research, policy formulation, and other collaborative works. 4

21st Century Learning Participant-centered learning Dialogues: online and offline Facilitated by conceptual and simulation models Multimedia and multi-dimension Focus on learning/discovering, not teaching/covering Collaborative learning: Learning from each other Cross-functional integration Context-based/situation-based learning 5

Groupthink 6 Irving L. Janis

7 Cyert, March, and Simon’s Model of Decision-Making

Integrative Decision-Making 8

Integration of Business Disciplines 9

Facilitated Meetings Source: Adapted from Agenda Outcomes Roles Participants Facilitator Rules (Technographer) Public displays served as group memory 10 Scribe

Team Performance Model Source: 11 Attention Energy Information Operations

Strategic Planning Model MissionCulture Values Vision General Strategy External Environment Organizational Profile Strategic Alternatives … Objectives 2-YR 5-YR Objectives Ranked ObjectivesResponsible personNeeded Resources $$$ Time Results Source: Professor William P. CordeiroWilliam P. Cordeiro 12

Mindmapping 13

Systems Dynamics Simulation Model 14

Teamwork and GDSS Same Time Different Time Multi-media presentation systems Key-pad based voting tools Facilitated meetings using a PC Networked PCs based GDSS Project/team rooms Shared offices Screen sharing Audio/video conferencing Web-based desktop conferencing Instant messaging Shared document database Group authoring tools Discussion forum Different Place Different Place Same Place Same Place 15

Group Problem-Solving Process and TeamSpirit Share information Discussion forum Structured brainstorming Brainstorming Idea consolidation Rate alternative Rank alternatives Select alternatives Multi-criteria evaluation Idea generation Idea Organization Alternative Evaluation TeamSpirit Toolbox Generic Problem Solving Process DivergentThinking ConvergentThinking TeamSpirit Meeting Management Tool 16

Software Tools* Software NameDescription Planner Lab Decision Support System (DSS) tool TeamSpirit Group DSS tool for group problem solving Compendium Support IBIS method and Dialogue Mapping FreeMind mind mapping software Dimdim 4 Web conferencing tool Analytica DSS tool for academic use only Visio Structured diagramming tool for process, data, and object-oriented modeling MS Project Project management tool *Additional tools will be added to the MVS Center 17

Expertise William P. Cordeiro, Ph.D., Professor of Management Interests: Strategic planning, Business case analysis William P. Cordeiro Minder Chen, Ph.D., Associate Professor of Management Info. Systems Interests: Group decision support, Virtual teams, Business process reengineering. Minder Chen Priscilla Liang, Ph.D., Assistant Professor of Finance Interests: Financial and investment decision-making, Individual decision-making behavior, Corporate finance strategies, Economic policies and crisis responses Priscilla Liang 18

Expertise J. Andrew Morris, Ph.D., Associate Professor of Management Interests: The impact of emotional intelligence on group and individual decision-making, Socio-biological foundations for cooperative decision-making strategies in Prisoner's Dilemma problems J. Andrew Morris Dennis D. Muraoka, Ph.D., Professor of Economics Interests: Natural resource and environmental economics, Zoos and aquariums Dennis D. Muraoka Claudio Paiva, Ph.D., Associate Professor of Economics Interests: Macroeconomic policy, Empirical studies of macroeconomic performance, International economics Claudio Paiva 19

Expertise J. Goosby Smith, Ph.D., Associate Professor of Management Interests: Diversity education and management, Sports team leadership, Ethical decision-making J. Goosby Smith Paul Rivera, Ph.D., Associate Professor of Economics Interests: Labor migration, Rural and household economics, Political economy, International economics Paul Rivera Sung Won Sohn, Ph.D., Martin V. Smith Endowed Professor of Economics Interests: Economic forecasting and policy Sung Won Sohn Ashish Vaidya, Ph.D., Professor of Economics Interests: Strategic Planning, Global Business Strategy, Leadership Ashish Vaidya 20

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