Building and Using Models

"Building and Using Models" Note: Online students, please select one of the two subjects to discuss.

• Imagine that you are a business manager for a mid-sized company. Propose one (1) overall strategy to build an effective business model in order to both monitor/control changes in the business process and predict future business performance for your company. Provide a rationale (e.g., verification process) for your response.
• Per the textbook, in order to understand the causal relationship in the business process, the manager often asks “whys” to drill down the root cause of failures. Select one (1) project from your working or educational environment and propose at least three (3) “why” questions that you would ask in order to identify the root cause of the problem. Justify your responses.