MGT-312: Assignment

Learning Outcomes:

1. Describe decision making process for complex issues pertaining to business environment both internally and externally.(C.L.O :1.1)
2. Demonstrate decision tools and employ appropriate analytical business models to break down complex issues. (C.L.O :2.2)
3. Demonstrate effective leadership skills and teamwork capacity for efficient decision making with the problem owners and other stakeholders as either a team member or a team leader. (C.L.O :3.1)

Instructions:

* Students are advised to make their work clear and well presented

* The work should be in your words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions

* No pictures containing text will be accepted

* Support your answer by APA references.

Resource:

Title:"Case Study: Should a Dollar Store Raise Prices to Keep Up with Inflation?"

Author: by Jill Avery and Marco Bertini

Date of Publication:March 1,2023

Published: Harvard Business Review

Link:

https://drive.google.com/file/d/17nGGpnZ30E8AM6oNG5YDrAhGIkqUiPA9/view?usp=sharing

Assignment Question(s): (7 Q)

Read the case study titled as"Case Study: Should a Dollar Store Raise Prices to Keep Up with Inflation?"by Jill Avery and Marco Bertini published in Harvard Business Review, and answer the following Questions:

1. Identify the main problem and subproblems of the case?
2. Writee all the information present in the case that would be helpful for decision. What other information should you gather, that would be helpful to know before making decision?
3. Brainstorm with your team and generate all the ideas that your team suggests. The team cull the ideas and selected some relevant alternative choices for decision.

4. Weighing the alternatives

When weighing the various alternatives, how well each alternative fulfils the variables to consider can be expressed as scores. A different rating scale will be used to assess each alternative:

+2 very suitable

+1 quite suitable

0 neither suitable nor unsuitable

-1 not quite suitable

-2 not suitable at all

Note: Positive numbers (+2 or +1) indicate that the alternative is able to fulfil the variables, whereas negative numbers (-2 or -1) denote the opposite.

5. Draw a decision tree based for decision making,

6. As CEO of the Dollar store, what will be your decision to keep up with inflation and why?

7. Writee the conclusion and overall assessment.