Question: In this week's Concept Paper you are asked to create a realistic business scenario that presents a complex problem. Then, apply one or more of
In this week's Concept Paper you are asked to create a realistic business scenario that presents a complex problem. Then, apply one or more of the specified learning outcomes to devise a practical and effective solution.
Learning Outcomes to Address:
Identify characteristics of relevant information.
Make special order decisions.
Make appropriate outsourcing decisions.
Make appropriate segment elimination decisions.
Make appropriate replacement decisions.
Make decisions about allocating scarce resources.
Scenario Development:
Design a detailed scenario in a real or fictional company facing a significant challenge or decisionmaking situation.
Describe the company's background, industry, market position, and any relevant financial or operational data.
Outline the specific problem or decision point the company is facing.
Analysis and Solution:
Identify and discuss the characteristics of relevant information necessary to make an informed decision in your scenario.
Choose at least one of the listed learning outcomes as seen above and apply it to your scenario.
Research examples in your text and elsewhere.
Provide a detailed solution or decisionmaking process that addresses the challenge in your scenario using the chosen learning outcomes
Justification and Reflection:
Justify your solution, explaining why it is the most appropriate for the scenario.
Reflect on how different outcomes from other learning objectives might also apply or provide alternative solutions.
Deliverables:
A written report minimum of pages not including title page and references detailing your scenario, analysis, solution, and justification.
Include charts, graphs, or tables if they enhance the understanding of your scenario and decisionmaking process.
Assessment Criteria:
How well does the scenario mimic reallife business challenges?
Effective use of chosen learning outcomes in the scenario.
Quality and feasibility of the proposed solution, including justification.
Depth of analysis, succinct writing, and critical thinking displayed in addressing the scenario.
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