[Solved] MGT602 Business Decision Analytics

Decision Style Analysis Reflective report

Learning outcomes

a)Select and evaluate the usefulness of a range ofdecision making tools and reflect on yourdecision-making styles and contrast with otherstyles to determine the respective levels ofrationality and intuition utilised
b)Compare, contrast and critically evaluate sources ofdata as influences for decision-making in a range of
business contexts

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
3.Your decision-making preferences (see activity Module 1)
4.Personality style/ strengths and their impact on your decision-making style, bias and blindspots
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. Only list references that have been cited by you.
The APA referencing guide can be located in the Academic Writing Guide at http://library.think.edu.au/ld.php?content_id=1882254
1. Submit Assessment 1 in Turn-it-In; obtain your report.
2. Upload Assessment 1 PLUS the TII Report via the Assessment link in MGT602 Business Decision Analytics on the Student Portal for Blackboard. Then press ‘SUBMIT’.
3. The Learning Facilitator will provide feedback via the Grade Centre in the Student Portal. The rubric below summarises the grading criteria and standards required for each grade.

Solution

Decision-making Analytics

Introduction

Decision-making is an integral part of human life. Both in business and domestic contexts, people have to weigh different choices at their disposal and opt for some, while foregoing others. Ideally, individuals have to make decisions daily and also make other verdicts that come with long-lasting implications. Effective communication profoundly affects the quality of decisions made by individuals, depending on their respective circumstances (Delen, Moscato & Toma, 2018). Additionally, decision analysis is a critical element of assessing the applicability of the final verdict reached by different parties.

Decision analysis

Decision analysis encompasses a formal approach to making optimal choices, amid uncertain conditions. The concept allow………………………………….To access the rest of the solution for $5, please click on the purchase button.