Reference no: EM133778202

Objective

Your main objective is to dissect the decision-making process behind a strategic decision made by others, not yourself. This involves understanding the intricacies of the decision made, the process followed, and suggesting improvements to mitigate cognitive biases.
Decision Topics

You have the option to choose from several strategic decisions, including but not limited to:
Selecting a graduate degree.

Moving abroad for further studies or work.

Buying property.
Purchasing a new car.
A strategic decision from your professional work or one well-documented in literature, like the Space Shuttle Challenger Disaster or the decision to invade Iraq in 2003.
Tasks
Choose a Strategic Decision: Select one of the provided decisions or negotiate another with your tutor. Ensure it's a past decision.
Develop an Interview Protocol: Craft a set of questions that will help you gather information about the decision-making process.
Conduct Interviews: Interview individuals (e.g., classmates, friends, relatives) who have gone through the decision-making process. These can be done face-to-face or online.

Describe the Decision Process: Use the Mintzberg, Raisinghani, and Theoret's (1976) MRT model to describe the decision process.
Identify Cognitive Biases: Pinpoint one or two cognitive biases that may have negatively impacted the decision-making process.
Suggest Improvements: Offer recommendations to mitigate the identified biases in future decisions.
Structure and Presentation
The report should be in a structured format, including an executive summary, introduction, detailed analysis per the MRT model, identification of cognitive biases, improvements, conclusion, references, and appendices (interview protocol and demographics of participants).