(Mt) – SEU Management decision tools Question

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View attached explanation and answer. Let me know if you have any questions.Please view explanation and answer below.‫المملكة العربية السعودية‬‫وزارة التعليم‬‫الجامعة السعودية اإللكترونية‬Kingdom of Saudi ArabiaMinistry of EducationSaudi Electronic UniversityCollege of Administrative and Financial SciencesAssignment 3Decision Making and Problem Solving (MGT 312)Due Date: 30/04/2022 @ 23:59Course Name: Decision Making and Problem Student’s Name:SolvingCourse Code: MGT312Student’s ID Number:Semester: SecondCRN:Academic Year:2021-22-2ndFor Instructor’s Use onlyInstructor’s Name:Students’ Grade:Level of Marks: High/Middle/LowMarks Obtained/Out of 10General Instructions – PLEASE READ THEM CAREFULLY••The Assignment must be submitted on Blackboard (WORD format only) viaallocated folder.Assignments submitted through email will not be accepted.••••••Students are advised to make their work clear and well presented, marks may bereduced for poor presentation. This includes filling your information on the coverpage.Students must mention question number clearly in their answer.Late submission will NOT be accepted.Avoid plagiarism, the work should be in your own words, copying from studentsor other resources without proper referencing will result in ZERO marks. Noexceptions.All answered must be typed using Times New Roman (size 12, double-spaced)font. No pictures containing text will be accepted and will be consideredplagiarism).Submissions without this cover page will NOT be accepted.Learning Outcomes:1. Explain and apply critical thinking and cognitive psychology as it pertains toanalyze and synthesize information for problem solving and decision making.(C.L.O :2.1)2. Demonstrate decision tools and employ appropriate analytical business models tobreak down complex issues. (C.L.O :2.2)3. Demonstrate effective leadership skills and teamwork capacity for efficientdecision making with the problem owners and other stakeholders as either a teammember or a team leader.. (C.L.O :3.1)Assignment Question(s):Assignment Questions:(Marks 10)(Marks 10)Read the passage below:Abdullah Alarifi, has completed his Master’s in Business. Abdullah’s is passionateabout driving and racing car. Another hobby of Abdullah is body cookinginternational cuisine. His father has a Arabian restaurant in Riyadh. His motherrunning a beauty salon, while brother has a car rental service.After MBA Abdullah is planning for his future. He wanted to earn money. Hestarted thinking about how he can start his professional life. He doesn’t want to doany job. He want to do business but how and what business?Abdullah is confused about what kind of business should he start, traditional or ecommerce? Though his family is running a traditional business, Abdullah has heardand learnt lots about the e-Business and e-marketing. The question he need to dealwith whether he should join his father’s or brother’s business or he should do hisown. He is also considering the financial aspects. Should he take from father? Orbank or other sources such as partnership, etc.Therefore, this is a question with no easy solution. Considering the above situationprepare a Decision Making and Problem Solving Worksheet answering thefollowing question:Step 1: Defining and Clarifying the Question (1 Mark)Step 2: Develop mind mapping for the alternative (2 Marks)Step 3: Generating Alternatives (1 Mark)Step 4: Variables to consider (1 Mark)Step 5: Weighing the considerations (2 Mark)You may notice that the variables to consider are not of equal importance.Therefore, you need to weigh how important each variable is before you make yourdecision. In this activit…

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