Directions
Part 1: Using the research gathered in Project One, provide a visualization for each of the following, then summarize what the data is showing:
- The current state of the U.S. automotive manufacturing industry
- Sales by fuel type (electric, hybrid, gas)
- Current automotive industry trends
- The trend toward different types of motors for the vehicles being made and sold, such as electric and hybrid
- Trends in customer demands such as vehicle color, extra features, and styles
- Trends in the body types of vehicles sold (SUVs, trucks, sedans)
- Trends in the new industry
- Expected growth areas
- Sales by type of products or services offered
- Trends in customer demands
Then, provide a summary of all of the data visualized.
- Summarize the collective data about both industries as a whole.
- Determine what the data is not telling you about the new industry.
Part 2: Analyze three decision making models and select the one model that is best suited for making your decision.
- Analyze and provide an overview of the following three models and select one for use. Resources are listed in the Supporting Materials section.
- The Rational Model
- The Intuitive Model
- The Recognition-Primed Model
- Explain your choice of decision-making model. (pick what you want)
- Why does your selection make the most sense for this project?
Supporting Materials
The following resources support your work on the project:
- Reading: Rational Decision Making: The 7-Step Process for Making Logical Decisions [https://blog.hubspot.com/marketing/rational-decision-making]
- Reading: Intuitive Decision Making [https://www.decision-making-solutions.com/intuitive_decision_making.html]
- Reading: The Recognition-Primed Decision Model [http://www.free-management-ebooks.com/news/recognition-primed-decision-model/]