Management Information Systems BUAD 283 Rational Decision-Making Using Microsoft Excel Thought For the Day: “A mainframe: The biggest PC peripheral available.”

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Presentation transcript:

Management Information Systems BUAD 283 Rational Decision-Making Using Microsoft Excel Thought For the Day: “A mainframe: The biggest PC peripheral available.”

Rational Decision-Making Model Step 1: Intelligence Determine what needs to be done Step 2: Design Identify potential solutions Step 3: Choice Determine the best solution Step 4: Implementation Apply the solution to the problem

Step 1: Intelligence List all needs, issues, and concerns Use the SUG Framework: Seriousness Urgency Growth Identify key concerns Determine your criteria goals and objectives Rank the goals and objectives comparatively

Step 2: Design Brainstorm approaches towards: Solving the problem Fulfilling the need Taking advantage of an opportunity

Step 3: Choice Create a matrix table Calculate the “Total Scored Value” for each solution alternative Perform a risk analysis Risk Probability Risk Seriousness

Step 4: Implementation Develop an implementation plan Calculate the total cost per employee

Microsoft Excel Demo

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