Management Concepts
1101IBA Tute Case Analysis – Preparation Sheet
Week 7 Tutorial
MALIHEH HOSSEINI : S2898814
Case for critical thinking: A flood of decisions
1. What information sources (or potential information sources) could have been used to assist with the decision-making process for Wivenhoe Dam in this case?
Potential information sources that could have been used to assist with the decision-making process for Wivenhoe Dam
-SEQWater
-Sought advice from Water Grid Manager
-Water Commission
-DERM (Department of Environmental Resource Management)
Managerial decision-making
Problem avoiders
Problem solvers
Problem seekers
Approaches to decision making
Classical decision model
Behavioral decision model
Judgmental decision model
2. With references to decision-making theory covered in the chapter, describe the type of managerial decision-making evident in this case, and the conditions under which decisions were made.
Managerial Decision Making
*Problem avoidably
*Problem solvers
*Problem seekers
Decision conditions:
*Certain environment
*Risk environment
*Uncertain environment
3. Evaluate the decisions made in the case in relation to the classical, behavioural and judgmental heuristics approaches to decision-making that are outlined in the chapter. Which model do you believe best describes the situation and subsequent decision-making process in this case? Justify your answer?
Approaches to decision making
^Classical decision model
^Behavioral decision model
^Judgmental decision model
Case decision
*Classical decision model
Problem: it was the flood that damage Brisbane and Ipswich
Possible alternative: Not releasing flood waters.
Consequently threatened stability of dam
Optimizing decision: Release of flood waters being aware of potential damage.
SWOT Analysis:
Strengths:
*New technology
*They set priorities
*Manage time
Weakness:
Lack of communication
Misunderstanding
Misconduct
Problem solving
Crisis
Week 7 Tutorial
MALIHEH HOSSEINI : S2898814
Case for critical thinking: A flood of decisions
1. What information sources (or potential information sources) could have been used to assist with the decision-making process for Wivenhoe Dam in this case?
Potential information sources that could have been used to assist with the decision-making process for Wivenhoe Dam
-SEQWater
-Sought advice from Water Grid Manager
-Water Commission
-DERM (Department of Environmental Resource Management)
Managerial decision-making
Problem avoiders
Problem solvers
Problem seekers
Approaches to decision making
Classical decision model
Behavioral decision model
Judgmental decision model
2. With references to decision-making theory covered in the chapter, describe the type of managerial decision-making evident in this case, and the conditions under which decisions were made.
Managerial Decision Making
*Problem avoidably
*Problem solvers
*Problem seekers
Decision conditions:
*Certain environment
*Risk environment
*Uncertain environment
3. Evaluate the decisions made in the case in relation to the classical, behavioural and judgmental heuristics approaches to decision-making that are outlined in the chapter. Which model do you believe best describes the situation and subsequent decision-making process in this case? Justify your answer?
Approaches to decision making
^Classical decision model
^Behavioral decision model
^Judgmental decision model
Case decision
*Classical decision model
Problem: it was the flood that damage Brisbane and Ipswich
Possible alternative: Not releasing flood waters.
Consequently threatened stability of dam
Optimizing decision: Release of flood waters being aware of potential damage.
SWOT Analysis:
Strengths:
*New technology
*They set priorities
*Manage time
Weakness:
Lack of communication
Misunderstanding
Misconduct
Problem solving
Crisis