Decision MAKING 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...

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Decision MAKING 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 why you elected to undertake an MBA . Context: Fast changing workplaces call for greater flexibility in the ways individuals and work teams make and implement decisions. Alongside the increasing rate of change are the demands for better decision making through understanding and mitigating personal preferences and biases. This assessment has been designed to: ▪ Appraise your ability to research academic literature on decision making. You are expected to utilise the literature provided in Modules 1 and 2 as a foundation that guides your further academic research. ▪ Select and evaluate the usefulness of a range of decision-making tools and reflect on levels of rationality and intuition utilised during the decision-making process. ▪ Compare, contrast and critically evaluate sources of data as influences in the decision-making context ▪ Identify the relevant sources of influence and limitations in your decision-decision making process Assessment 1 writing guidelines: This assessment draws on learning activities and resources from weeks 1-4 and Modules 1 and 2. It is designed for you to engage in the decision-making process and then reflectively analyse your decision making process using only theories and concepts from the Business Decision Analytics course. You should include in your reflective report: ▪ The decision-making problem detailed by your learning facilitator ▪ Analysis of your decision-making preferences (see activity Module 1) ▪ Analysis and influence of your personality traits and the impact on your decision-making ▪ Details of the sources of data collected during the decision-making process and how this data was evaluated/analysed ▪ Analysis of the decision-making process using the rational decision-making model ▪ Application of bounded rationality to identify the limitations in your decision-making ▪ Visual interpretation of data / trends/ patterns ▪ As a reflective analysis you will present your analysis in the first person. 1. Introduction: 100 words maximum. The introduction will present the reader with a clear and concise understanding of the following: 1. What is the submission about; 2. What theories will be used; 3 Your concise conclusion; and 4 The structure of the submission 2. Analysis and evaluation: 800 words maximum. In this section you will analyse and evaluate your decision-making process using selected theories and concepts from the various Modules offered in Blackboard for this subject. You will include any blind spots or biases that you have identified in making this evaluative decision 3. Conclusion: 100 words maximum. In this section you will provide a concise summation of your analysis and conclusion(s). 4. References: A minimum of 4 academic references are required from seminal sources and books. Referencing must be APA style. 5. Appendix: If required. 6. NOTE: This submission is to be presented as a report. Any tables prepared must be identified and discussed in the text/body and included in an appendix. Please make sure to insert page numbers. ▪ You may identify each section with the headings of. 1. Introduction, 2. Analysis and Evaluation, 3. Conclusion, 4. References, 5 Appendix).
Answered Same DayJun 23, 2021

Answer To: Decision MAKING Assessment 1 In this assessment you are to use the decision-making models suggested...

Dr. Vidhya answered on Jun 24 2021
135 Votes
Running Head: REFLECTIVE ANALYSIS ON DECISION MAKING            1
REFLECTIVE ANALYSIS ON DECISION MAKING                    7
REFLECTIVE ANALYSIS ON DECISION MAKING
Table of Contents
1. Introduction    3
2. Analysis and Evaluation    3
3. Conclusion    
5
References    7
1. Introduction
Decision-making is one of the most important aspects of business administration s well as in the general context of life. In fact, the modern day scenarios in business pose complicated situations to all professionals in business world. This requires them to apply the correct decision making tool, as per the conditions before them (Abubakar, Elrehail, Alatailat & Elci, 2019). There are some specific models of decision making, which can be applied to universal context of business and rationale decision-making model is one of them. The following is the analysis of the rationale decision-making model of decision-making and application of the same through reflective practices.
2. Analysis and Evaluation
At first, it is significant to note here that rationale decision-making model is one of the approaches, which consider the best alternatives out of many. As per Moroni (2019), a formal assessment is processed of the available information and data sets in terms of having collective opinion over the facts related to the decision making. There are six steps overall, which we need to be followed in the rationale decision making model and they help in reaching out to a positive intervention based on the business context, in which the decision has a great deal of value. It can be justified by saying that a rational decision making model mostly assist in crucial phases where decision making has a great deal of impact over the business context, in which it has been made.     
The first step, as per the general observation of the model, is the most significant one where the desires and directions of the decision are set. This is more like viewing what outcomes the decision maker wants to achieve (Abubakar et al., 2019). This is mostly relatable to the need of change management in system. A formal determination of the preferences and interests is carried out further in this change management through decision making as the second step (Abubakar et al., 2019).
Further, the third step...
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