Context:
Fast changing workplace demands in the 21st century call for greater flexibility in the ways individuals and work teams make and implement decisions.
This assessment draws on learning activities and resources from weeks 1-4. It is designed for you to record and reflect on the decision-making preferences, processes and tools that you use personally on a daily basis and compare and contrast this with one or two major personal or business decisions. You should include in your reflective report:
1. Decisions actually made during a one- week period (select from weeks 1-3)
2. 1-2 major decisions you have made (these could be past decisions, prior to your enrolment)
3. Your decision-making preferences (see activity Module 1)
4. Personality style/ strengths and their impact on your decision-making style, bias and blind spots
5. Reflection on feedback and insights from at least three class members
6. Sources of data and use of decision-making tools to make decisions
7. Evaluation of those decisions and their significance
8. Visual interpretation of data / trends/ patterns
9. References from weeks 1-4 (modules 1-2) subject learning resources that demonstrate your reading, understanding and ability to apply effective decision-making tools.
Please Note: Your Decision Style Analysis is a Reflexive Writing piece –
You should write in the first person, because this is about YOU, your reflections and your interpretations. (e.g. “I considered this advice to be…… because it had a big impact on me………and it helped me to understand my…………”).
Try to be as specific as possible, use brief concrete examples from your real experience to illustrate and demonstrate learning outcomes (see grading rubric).
All principles of academic integrity apply, including acknowledgement of all sources in your report and a corresponding list of all references cited in your report, using APA 6th edition reference style. https://library.torrens.edu.au/home Only list references that have been cited by you.
Solution
Business Decision Analytics
1. I have come to appreciate that decision-making is a critical process both in corporate and domestic arenas. Through the decisions made, there is a definition of either success or failure. Highly informed and effective decision-making processes often result in the achievement of success and other desired results as compared to the procedures that are poorly managed (Qin et al., 2017). In the past, I have made decisions, both regrettable and productive based on tools such as the SWOT analysis, Pareto chart, cost-benefit technique, and feasibility study among others.
2. Some of the decisions that I have taken have come with significant impacts in academics and other aspects of life. It is a personal doctrine which I embrace that I assess the impacts that decisions will have in the future. The cost-benefit analysis offers this guidance and assists me in deciding the measures to take in line with the repercussions that they will yield.
The CBA is an organized method of projecting the weaknesses and strengths of different alternatives implemented in the determination of the optimal options. I agree with………...To access the rest of the solution $5, please click on the purchase button.
