Referencing Styles : Footnotes All decisions occur in a milieu of constraints. Briefly describe an important decision you have been involved with. What were the major constraints you or other decision makers faced when making this decision? How did these constraints affect the decision outcome? (1 page) 2. Identify five routine decisions you’ve made in the past twenty four hours. For each decision, what were the principal decision-related challenges you faced? To what extent where these challenges handled at the conscious level when making your decision (i.e., Did you reflect on them before making the decision? Did your reflections influence the decisions?)? (1 page) 3. Traditional approaches to decision making emphasize the need for rationality. (1 page total) a. When we say decisions need to be rational, what do we mean? b. Why is the need for rationality such a strongly held belief among theorists and practitioners of decision making? That is, why do so many people believe that it is a core requirement for effective decisions? Assignments MGT236. Decision Making 2014 University of Management and Technology 2 Assignment 2 1. Read up on the following famous decisions using Wikipedia and other sources.  Sony’s decision to develop, produce and market the Walkman  President Kennedy’s decision to blockade Cuba during the Cuban missile crisis of October 1962  Treasury Secretary Paulson’s decision to launch the Troubled Asset Relief Program (TARP) in the Fall of 2008 (1-2 pages total) a. Identify the key players in the social space for each decision—include stakeholders, decision makers and implementers, the public and external forces. b. Identify the perspectives and roles of each player (or set of players). 2. Consider a decision of consequence you have been involved with sometime in the past year or two. (1-2 pages total) a. Provide background on the rationale for the decision, i.e., What problem did the decision address? Who were its principal champions? b. Identify the key decision makers. How diverse were their views on the issues covered by the decision? Once the decision was made, how much support did it receive from the decision making “team”? c. How smooth was the transition from the decision making phase to the decision implementation phase? To what extent did the implementers fully understand their charge? To what extend did the implementers support or resist the underlying decision as handed to them by the decision makers? How good a job did the implementers do in implementing the decision handed to them by the decision makers? 3. Identify a non-trivial decision you worked on recently involving more than two people. (1-2 page total) a. Who were the players in the decision’s social space? b. What were the particular perspectives each held regarding the decision? c. To what extent were there overlaps in their perspectives? Conflict? d. In making the decision, how were the players’ multiple perspectives reconciled? e. At the end of the decision process, were there clearly identified “winners” and “losers”? Explain.