Video Resources

Video Resource 2.1:  How to make decisions (2.5 min)

Description:  The video, sponsored by Mind Tools, presents a systematic approach for making decisions about complex issues. Drawing upon decision-making theory, the video provides students with practical tools and tips. The video is accompanied with written guides for applying the concepts.

Learning Objectives

LO 2.2: Describe the role of intuition in decision making.

LO 2.3: List and explain major decision traps and how to avoid them.

Video Resource 2.2:  12 cognitive biases explained – How to think better and more logically removing bias (10 min)

Description:  Sponsored by Practical Psychology, this video explores common cognitive biases that effect decisions. The video uses practical and easy to understand examples to explain biases. This information is presented from a psychology perspective.

Learning Objectives

LO 2.1: Explain why decision making is important to a manager’s effectiveness.

LO 2.3 List and explain major decision traps and how to avoid them.

Video Resource 2.3:  Intro to big data: Crash course statistics #38 (11 min)

Description:  This video explains what Big Data is, how it is collected, and used. Everything from which videos we click on YouTube to our likes on Facebook say a lot about us – and increasingly more and more sophisticated algorithms are being designed to learn about us from our clicks and not-clicks.

Learning Objectives

LO 2.5: Give an example of business analytics.

LO 2.6: Be familiar with the concept of “Big Data” and its use in business decision-making.

Web Resources

Web Resource 2.1:  Why every company needs an artificial intelligence (AI) strategy for 2019

Description:  This article from Forbes addresses the transformative technology, artificial intelligence (AI) and how it is impacting all businesses, regardless of size. The Author presents their argument about the importance of all organizations adopting a plan to incorporate AI into their organizations. They also offer some practical tips for doing so.

Learning Objectives

LO 2.5: Give an example of business analytics.

LO 2.6: Be familiar with the concept of “Big Data” and its use in business decision-making.