A Team-Based Approach to Quantitative Managerial Decision Making

Problem based learning, quantitative, decision making

The purpose of this exercise is to introduce management students to team-based, quantitative decision-making. Participants will create basic formulas in Microsoft Excel, working through a scenario related to a six-step decision-making process: identify a problem, identify decision criteria, allocate weights to criteria, develop alternatives, analyze alternatives, and select an alternative (Stevenson, 2015). This activity will force participants to work their way through a real-world business problem while developing team-building skills. Additionally, groupthink will affect the decision-making process, leading participants to gain a healthy skepticism of purely data driven decision-making models.

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