This file MGT 307 Week 3 Discussion Questions includes solutions on the following questions: What can your Learning Team or work team do to maximize its productivity? What is the value of storming in the group development process? What are the advantages and disadvantages to group decision making? Which step is the most critical in the systematic decision-making process? Why? Do you feel that everyone on the team should be involved in decision making? Why or why not?
Business - General Business Value Index . Complete Problem 1 from the end of Chapter 2: You have just graduated from college and are looking to buy your first car. Money is tight right now, so you are concerned with initial cost as well as ongoing expenses. At the same time, you don’t want to drive a slow, ugly car like your parents do. You have narrowed your choices down to two vehicles: a Honda Enigma and a Porsche Booster. Based on the rankings in the table (found under Chapter 1, Problem 2 in the textbook), calculate the value index for each car. Which car provides you with the greatest value? Use formulas to calculate the answer to one decimal point. Respond to at least two of your classmates’ postings
Business Mapping of Processes . From Chapter 3, Problem 13, read the current home equity loan process at Faircloth Financial and map the current process. Identify any rework loops and delays in the process. What causes these? What is the impact on cycle times? How might this affect customers’ willingness to do business with Faircloth? What changes might you recommend to redesign this process with the needs of the customer in mind? Respond to at least two of your classmates’ postings.
Gantt vs. Network Based Approach . From the end of Chapter 5, complete Discussion Question 3: What are the main advantages of using a network-based approach to project management rather than a Gantt char...
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Do not crack under the stress of selecting or declaring a major right away. Some professors might try and draw you into their department early on, as the more students they have the more job security they have. Never rush major decisions, and do what is right for you, not anyone else.
Business - General Business Value Index . Complete Problem 1 from the end of Chapter 2: You have just graduated from college and are looking to buy your first car. Money is tight right now, so you are concerned with initial cost as well as ongoing expenses. At the same time, you don’t want to drive a slow, ugly car like your parents do. You have narrowed your choices down to two vehicles: a Honda Enigma and a Porsche Booster. Based on the rankings in the table (found under Chapter 1, Problem 2 in
