Gm530 Final Exaple
Course Project GM530
DeVry University – Keller Graduate School of Management
Professor –Managerial Decision-Making (GM530)
Table of Contents Executive Summary 3 Introduction – Overview of Decision Problem 4 Problem Statement 4 Objectives 5 Summary of Key Objectives: 5 Alternatives 6 Description of Alternatives: 6 Selection 7 Consequence Table with Original Values: Retirement / Job Change Costs 7 Ranking Alternatives: Title 8 Scoring Model: Scoring the Alternatives 8 Weighted Scoring Model: Decision time 8 Consequences 9 Risk Profile: Title 9 Implementation, Monitoring and Control 10 Timeline: 11 Summary 11 Works Cited 12
Executive Summary
Decision clarity in decision making is one of the most important items in being able to make informative and quick decisions in business and in one’s personal life. Luda Kopeikina in our text states “The time spent on achieving clarity pays back in solutions that reach your objective through the fastest route, eliminating unnecessary diversions.”
My problem is how to make a decision on a possible career change and if it is wise at this time in my life with only 10 years to go until my planned retirement. In his book on Organizational Behavior John Schermerhorn states that “decision making is the process of choosing a course of action for dealing with a problem or opportunity.”
I will look to answer my dilemma with data to decide what the proper course of action might be and what the soundest decisions are in being able to complete my career by the time I turn 60 which is in 10 years. This will include looking at new job opportunities, opening my own business or just staying in my current career field until I reach my planned retirement age. I currently have retired from the US Army and am semi-retired from Intel Corporation as a global manager. Do I need to continue? Should I change career fields into something more or less challenging? Should I take the risk and step out
DeVry University – Keller Graduate School of Management
Professor –Managerial Decision-Making (GM530)
Table of Contents Executive Summary 3 Introduction – Overview of Decision Problem 4 Problem Statement 4 Objectives 5 Summary of Key Objectives: 5 Alternatives 6 Description of Alternatives: 6 Selection 7 Consequence Table with Original Values: Retirement / Job Change Costs 7 Ranking Alternatives: Title 8 Scoring Model: Scoring the Alternatives 8 Weighted Scoring Model: Decision time 8 Consequences 9 Risk Profile: Title 9 Implementation, Monitoring and Control 10 Timeline: 11 Summary 11 Works Cited 12
Executive Summary
Decision clarity in decision making is one of the most important items in being able to make informative and quick decisions in business and in one’s personal life. Luda Kopeikina in our text states “The time spent on achieving clarity pays back in solutions that reach your objective through the fastest route, eliminating unnecessary diversions.”
My problem is how to make a decision on a possible career change and if it is wise at this time in my life with only 10 years to go until my planned retirement. In his book on Organizational Behavior John Schermerhorn states that “decision making is the process of choosing a course of action for dealing with a problem or opportunity.”
I will look to answer my dilemma with data to decide what the proper course of action might be and what the soundest decisions are in being able to complete my career by the time I turn 60 which is in 10 years. This will include looking at new job opportunities, opening my own business or just staying in my current career field until I reach my planned retirement age. I currently have retired from the US Army and am semi-retired from Intel Corporation as a global manager. Do I need to continue? Should I change career fields into something more or less challenging? Should I take the risk and step out
Cited: Dess, G., (2010), Strategic Management: Text and Cases, 5th Edition. McGraw-Hill Irwin Companies, 1221 Avenue of the Americas, New York, NY 10020, DeVry Migration, 2010, p. 385 Hatten, T,, (2009), Small Business Management: Entrepreneurship and Beyond, 4th Edition, Houghton Mifflin Company, 222 Berkeley St, Boston, MA 02116, DeVry Migration, 2009, p. 479 Kopeikina, L., (2005), the Right Decision Every Time: How to Reach Perfect Clarity on Tough Decisions for DeVry University, 2005, Pearson Learning Solutions, Prentice Hall Upper Saddle River, New Jersey, 07548, p. 8 and p. 197 Schermerhorn, J. Jr., (2009), Organizational Behavior, 11th Edition, John Wiley & Sons, Inc, 222 Rosewood DR, Danvers, MA 01923, DeVry Migration, 2009. p. 206