Reference no: EM133015002

MGT602 Business Decision Analytics

Assessment - Decision Style Analysis Reflective report

Learning Outcome 1: Select and evaluate the usefulness of a range of decision- making tools and reflect on your decision making styles and contrast with other styles to determine the respective levels of rationality and intuition utilized

Learning Outcome 2: Compare, contrast and critically evaluate sources of data as influences for decision-making in a range of business contexts

Learning Outcome 3: Examine and evaluate decision-making systems and techniques to engage group decisions and analyse how these can enhance sustainable outcomes

Learning Outcome 4: Critically examine emerging tools and technologies for decision making

Context:

In today's workplaces, collaborative team-work is expected. Diversity in teams is a reality , but can lead to conflict and tensions, due to lack of intercultural intelligence, dominant personalities, or poor decisions due to passivity of members who may succumb to group- think (Janis, 1972), or who may be biased and have multiple blind spots. Your understanding and experience of these issues are vitally important to your overall business knowledge.

This assessment has been designed to:
- Apply decision-making systems and techniques in a group

- Interrogate and interpret a range of data analytics pertinent to a relevant contemporary organisational challenge, decision or change of strategy.

- Apply and evaluate those systems and techniques to support effective decision- making in organisations.

- Engage as a team to present your findings in a visual, oral and written format that critically evaluates the decision making process in a contemporary organization.

Form your arguments through the use of contemporary literature associated with decision making theories and concepts as presented in Modules 1 to 4.

Work as a team to identify research a business decision and present a business report and ten-minute presentation.

Reflect on each team members' and your personal contribution in researching the case
study, from preparing the report and compiling the in-class presentation.

Part A: MGT602 Assessment 2 guidelines 3000-word report.

This assessment draws on learning activities and resources from Modules 1-4. It is designed for you to analyse a corporate case study and the decision-making process using only theories and concepts from Business Decision analytics. You should consider in researching and preparing your case study report the following:
» The problem detailed by your learning facilitator
» Background to the case
» Collection of relevant internal and external data sources that the organization may have used in the decision-making process
» Identification of the key person or persons making the decision
» Analysis and influence of individuals and group dynamics impact on the decision- making
» Analysis of the decision-making process considering all theories and concepts discussed in Modules 1, 2, 3 and 4.
» Visual interpretation and presentation of relevant data / trends/ patterns

Part B: MGT602 Assessment 2 guidelines ten-minute in-class presentation:

Each group will prepare a ten minute presentation of their proposed report findings to be presented in week 7 of the semester. This presentation will provide the audience with a succinct understanding of: the case study, the decision, analysis and conclusions. The purpose of the presentation is for your team to gain meaningful feedback from your peers to enhance your future written report submission. Your team may also pick up useful ideas from listening to the other team's presentations. The presentation should use the following format
» Introduction - 1 minute: Case, group members, theories and presentation structure
» Analysis: - 8 minutes: Application of selected theories and concepts and evaluation of the decision making process gained from this course
» Conclusion - 1 minute: Summation of presentation analysis and evaluation
» References:

Part C. MGT602 Assessment 2 guidelines peer evaluation:

Each student will submit a self and peer evaluation matrix rating the contribution of each group member in the research and preparation of the group report and presentation. Refer Appendix A. To successfully complete this Part C of the assessment, each group should prepare and maintain a project plan, records of meetings, actions (who/what/how/when) which is updated weekly. Each student's peer evaluation will include individual ratings and a 200-word analysis of the collective group's decision-making processes. Each student's peer evaluation must be included in the Appendix of the report

Assessment 1

In this assessment you are to use the decision-making models suggested in the Assessment 1 brief. You must show written and/or visual evidence of the use of those models in addressing the following decision-making issue.

Analyse what type of job/role you plan to attain after your postgraduate studies. The important emphasis here is on why you want the particular job/role.

Assessment 2 Case Study

Your team is to consider the decision challenges facing businesses in the current use of vaccination against Covid.

The team is to look at a specific business/ethical/moral/societal issue that may face a business in the current volatile environment. The specific issue to address will be whether to make vaccination mandatory for staff.

• Your team will need to critically analyse and evaluate alternatives to address this issue.
• Your team will need to look at the relevant decision-making models that are or may be utilised to address the issue.
• Your team will need to propose a list of recommendations to address the issue.
• You must support your research with relevant data and use appropriate visuals to enhance the report.
Assessment 3

This assessment is primarily developed to give you an opportunity to deal with real-world situations you will encounter in business.
Critically reflect on the application of key concepts and theories of MGT602 in the analysis of an ethical decision from your current or previous workplace. In doing so, you MUST consider a meaningful ethical challenge that YOU encountered or observed another person or persons make.

If you do not have previous workplace management experience, then you must analyse the challenges that your team experienced in the group decision-making processes undertaken by the team in Assessment task 2. This analysis should be based on your personal perceptions, not the group's. This is a reflective assessment, not a descriptive essay.

Attachment:- Business Decision Analytics.rar