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decision making

In his article “A Lesson on Elementary, Worldly Wisdom as it Relates to Investment Management & Business,” Charles Munger (1995) wrote about tools, techniques, and critical skills that great managers need to develop.

Consider Munger’s thoughts on the importance of mental models. Respond to the following:

  • In your own words, describe what Munger means by mental models.
  • Examine how Munger’s concept of mental models has changed your ideas of decision making in investment management and business.
  • Describe at least one example from your own experience where your perspective or experience provided a mode of thought that brought new light to a discussion or a tough decision.
  • Explain how this experience has affected your decision-making process.


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DECISION MAKING

   Attached is a presentation about a six-step decision-making model. Read the attached information and use it and the information you have learned through your Ethical Lens Inventory to analyze the following situation:

You are going out to dinner with friends when you see three student-athletes from your school talking with someone who has been known to distribute PEDs.  Before you can call out to the student-athletes you see each of them give this person money and receive a bag of some sort.  You cannot tell what’s inside the bags, and everyone disperses before you have a chance to do or say anything.  You don’t think the student-athletes saw you so you head into the restaurant. 

Based on your current or chosen career path, you are employed at the school as one of the following: athletic trainer, sports information director, head coach, strength and conditioning coach, compliance director, or athletic director.  

The first paragraph of your response should describe your position at the school, and the size, and level (collegiate, high school, etc.) of the school. Be creative when naming the institution, and people involved!

Use the decision-making model outlined in the attachment, along with the knowledge you’ve gained through the Ethical Lens Inventory, to provide an analysis and summation of the situation. You need to provide at least five objectives and criteria (step two) and five alternatives (step three).  What you present should be broken down into the six steps as defined as opposed to presenting it in a narrative format. Be sure to clearly present your preferred decision and how you plan to implement that decision. 

I HAVE ATTACHED A SAMPLE (decide.docx), you can rewrite it BUT YOU MUST ABSOLUTELY AVOID PLAGIARISM. MINIMUM 1500 WORDS. NO PLAGIARISM, I WILL CHECK! DUE 11/23/19 AT 10AM NY EST TIME.

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Samuel Y
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