| aidemia--modules-lessonstartideas_type | Give a creative idea how to begin a lesson |
| Which subject | Business |
| What age group | College |
| What topic | Business Decision Making |
| Quantity | 1 |
| Any other preferences |
Imagine you are the captain of a ship sailing through unpredictable waters. The winds are changing, and clouds are swirling ominously on the horizon. Your crew looks to you for direction. Do you steer towards the storm, hoping for the best? Or do you change course, chart a safer path, and possibly miss the treasure that lies ahead?
To kick off our lesson on Business Decision Making, we are going to embark on a practical, interactive challenge: The Treasure Map Challenge. You will be divided into small groups, and each group will receive a unique treasure map containing various scenarios that require decision-making.
Group Formation: Form groups of 4-5 students.
Treasure Maps: Each group will receive a different treasure map that outlines various business scenarios, such as launching a new product, entering a new market, or responding to a competitor’s action.
Decision-Making Process: Within your group, discuss the options available for each scenario. Use the Decision-Making Framework we will study today:
Presentation: After 15 minutes of discussion, each group will present their scenario and the decision reached. Be prepared to justify your process and explain any trade-offs considered.
By the end of this activity, you will understand how different variables influence decision-making in a business context. This exercise will not only engage you but also set the stage for our deeper exploration of business decision-making principles, such as risk analysis and strategic planning.
Now that we have laid the groundwork for our journey into business decision-making, let’s dive into the key concepts and frameworks that will help you navigate the complex seas of business.
This engaging introduction embraces the theme of decision-making through an adventurous metaphor, stimulates collaboration, and sets the tone for a practical exploration of vital business concepts.