Post date: Sep 12, 2011 2:37:17 AM
Lesson Overview: Student will make an decision and look at opportunity cost based on the article below.
Define the Problem
Identify possible alternatives
Develop criteria and ranking system
Evaluate alternatives against criteria
Make a Decision
Step 1 : Read and take notes from the article. Also define the highlighted terms and any other terms you don't know.
Step 2 : Find the company that the article is talking about, by going to Google finance. Give me the following items. Company description and fill in the following chart." you can copy and paste the chart in your doc.
Define the words in the chart below , using investopedia.
Revenue and Profit will be found under Financials statements.
Step 3. Create and complete a criteria chart.
Describe the Decision in the article.
Record the following steps
Decision-Making Steps .wikipedia.
When in an organization and faced with a difficult decision, there are several steps one can take to ensure the best possible solutions will be decided. These steps are put into seven effective ways to go about this decision making process (McMahon 2007).
The first step - Outline your goal and outcome. This will enable decision makers to see exactly what they are trying to accomplish and keep them on a specific path.
The second step - Gather data. This will help decision makers have actual evidence to help them come up with a solution.
The third step - Brainstorm to develop alternatives. Coming up with more than one solution ables you to see which one can actually work.
The fourth step - List pros and cons of each alternative. With the list of pros and cons, you can eliminate the solutions that have more cons than pros, making your decision easier. Create a Chart in Excel.
The fifth step - Make the decision. Once you analyze each solution, you should pick the one that has many pros (or the pros that are most significant), and is a solution that everyone can agree with. ".
The sixth step - Immediately take action. Once the decision is picked, you should implement it right away.
-Register for investopedia. " Use your computer log in and password /email.
- BUY EA games stock or another in the same industry
The seventh step - Learn from, and reflect on the decision making. This step allows you to see what you did right and wrong when coming up, and putting the decision to use.
-Create a chart in Excel, to keep track of your stock purchase. " should be some already made in google docs, Search in public folder.
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