On the 9th Day of the MOM programme of the MBA 2022 batch, Dr. Samiya Mubeen gave the class an opportunity to participate in an activity called InvestoProgress where they are forced to make decisions in the face of uncertainty. By bidding and deciding whether to make a deal or not, the activity encourages students to take a chance and invest wisely. the interaction with in-depth conversations about risk, utility, and probability. The students typically have a very positive reaction to the activity because it is simple to learn, enjoyable to play in class, and easy to learn. After earlier expectations have been disappointed by unfavorable outcomes or exceeded by favorable outcomes, risk aversion decreases. MBA admission 2022 in Bangalore
The finance quiz is prepped to boost the student's knowledge. The idea of a finance quiz is used along with quantitative procedures to evaluate risk-taking capacity and decision-making in the team and to win as a team. Decision-making is a process of selecting the best among the different alternatives is taught to students in this activity. Before making decisions all alternatives students lean to evaluate from which advantages and disadvantages are identified. It helps them to make the best decisions among alternatives.
Objectives;
- To analyze risk factors and make the best choices
- To achieve, maintain, and minimize risk while making a decision within the allotted time.
- To analyze the ratio of successful to unsuccessful decisions.
Making decisions is crucial for carrying out the managerial function. Making decisions for managerial functions like planning, organizing, directing, controlling, and staffing is very different when proper decision-making is lacking. Depending on the performance, decisions may be evaluated. When a decision is made correctly, it is acknowledged that the manager is competent, capable, and effective. It is accepted that the manager is ineligible when the decision is incorrect. MBA in business analytics in Bangalore
If you're performing, it's crucial to choose the best options available. Every person, department, and organization is influenced by a company's successful operations when making decisions and taking risks. MBA in operations management in Bangalore
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