Title: “Process That Prevents Groupthink”

MGT 312: Decision Making Problem Solving

SECOND SEMESTER 2018-19

ASSIGNMENT-3

Course: MGT312	Student name:
Academic Year 1439-1440 H	Students number:
Semester: 2nd	student grade: To be filled by Faculty
Section: CRN:	Level of the Mark: To be filled by Faculty

Assignment Regulations:

· ( At Least 1000 words).

·

· All students are encouraged to use their own word.

·

· Student must apply Harvard Referencing Style within their reports.

·

· Should be zero Plagiarism

· A mark of zero will be given for any submission that includes copying from other resource without referencing it.

ASSIGNMENT -III

Assignment Instructions:

· Log in to Saudi Digital Library (SDL) via University’s website

· On first page of SDL, choose “English Databases”

· From the list find and click on EBSCO database.

· In the search bar of EBSCO find the following article:

Title: “Process That Prevents Groupthink”

Authored: Art Markman,

Published: Harvard Business Review

https://hbr.org/2015/11/the-problem-solving-process-that-prevents-groupthink

1. Read the attached article titled as “Process That Prevents Groupthink” by Art Markman, published in Harvard Business Review, and answer the following Questions:

a. Summarize the article and explain the main issues discussed in the article. (In 400-600 words)

b. Why groups working together diverge less than individuals working alone.

2. Analyze the spreadsheet shown in figure below which summarizes monthly sales of shoes for Florina, including leather shoes, sport shoes and personalized sport shoes.

a. You have to identify the decision, constants, and output variables in the spreadsheet based on the information given in figure? Indicate how much money Florina can make per month from the sales of shoes?

b. Give your views on which type of shoe they should promote the most aggressively to increase the revenue of the company on the basis of information given in figure?

	A	B	C	D
1	Florina
2	Shoe Type	Price (in SAR)	Unit to Sell	Subtotal (in SAR)
3	Leather Shoes	200	1200	240000
4	Sports Shoes	350	1800	630000
5	Personalized Sports shoes	400	800	320000
6	Total Revenue	1190000