View this interactive discussion scenario and answer the question(s) posed at the end of the presentation.

The video link includes a notes tab which provides the transcript to the video.

To complete this assignment, review the Discussion Rubric document.

I am only able to attach 5 pages, so I will included the rest after tutor is selected.

Need 2 responses done on 2 classmates.

1st one classmate

6.3 DIscussion

Jared Hassel posted Feb 13, 2020 9:43 AM

In my “How Creative are You” assessment, I scored a 53. Which tells me that my creativity is a “work in progress” but I’m on the right track. In my “Do you have Project Management Skills” assessment I scored a 61. That tells me that I can handle simple projects well and the outcomes are normally good. The issue lies in complex projects, where I wouldn’t have good control over issues and could get back negative outcomes. I have some improvements to make but I’m on my way to being a good project manager.

If I were Mike, I’d look at all the environmentally friendly investments again and try to judge how much they would grow in our changing society. Everyone is looking for a better way to be environmentally friendly and improve their carbon footprint. I would settle on the best performing stock out of the environmental ones and put most of my funds into that. I would then pick one of the top performing stock overall and put some funds into that one. Diversifying stock options is beneficial in case one stock doesn’t perform as well as you would hope.

2nd classmate

Week 6 Discussion

Jeffrey Kresch posted Feb 12, 2020 10:02 PM

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Though I only scored a 65 on my decision-making assessment, which places me in the OK but not great range, I should be able to help Mike reach a decision in time to save him from tax liability. Seeing as how this inheritance is a one-time event in Mike’s life, it is definitely a nonprogrammed decision that requires a great deal of thought (Bauer & Erdogan, 2018). In looking at which decision-making model to use for Mike’s problem, he’s already done enough work to make the bounded rationality model the most useful choice in my opinion. The overwhelming number of alternatives would take too much time and would likely lead to analysis paralysis using the rational decision-making model, and I don’t have enough experience with financial advising to use the intuitive decision-making model (Bauer & Erdogan, 2018). That being said, the bounded rationality model will effectively limit the options while giving me time to consider creative ways to maximize Mike’s passion and financial gain. My score of 66 on the creativity-assessment indicates that I should be able to help Mike find a creative solution.

However, one thing I will have to watch for in this particular scenario is framing bias. Because I am a person that values the environment over money, any option framed in a way that is environmentally friendly would be more attractive to me and could sway my decision (Bauer & Erdogan, 2018). Luckily, Mike’s values also align with mine in this aspect, which could truly make the decision the more logical one. Even though the environmental options aren’t as aggressive as the less environmentally friendly ones, they would be a 2-fold win for Mike due to still improving his financial situation, but also by aligning with his passion. The less environmentally friendly options could potentially make him more money or could make him money faster, but this could be counter balanced by reinvesting a larger portion of his gains from the environmental options back into more shares of those companies. Because I could adjust the amount of his investment to make similar amounts of money with environmentally friendly options and feel good in my heart about the decision to do so, if I were Mike, I would choose the environmentally friendly investment option. Not only because it satisfies the criteria set forth by Mike, but also because it is built on sound logic and avoids the many biases we reviewed in this week’s material.

Reference

Bauer, T., & Erdogan, B. (2018). Human relations in administration (4th ed.). Asheville, NC: Soomo Learning. Available from http://www.webtexts.com