Page | 1 ASSESSMENT 2 BRIEF Subject Code and Title MGT602 Business Decision Analytics Assessment Case Study Presentation and Report Individual/Group Group (4-5 students) Length Up to 3,000 words per...

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Page | 1 ASSESSMENT 2 BRIEF Subject Code and Title MGT602 Business Decision Analytics Assessment Case Study Presentation and Report Individual/Group Group (4-5 students) Length Up to 3,000 words per group; 10 minute presentation Learning Outcomes SLO a 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 utilised SLO b Compare, contrast and critically evaluate sources of data as influences for decision-making in a range of business contexts SLO c Examine and evaluate decision-making systems and techniques to engage group decisions and analyse how these can enhance sustainable outcomes SLO d Critically examine emerging tools and technologies for decision making Submission 12 week class. By 11:55pm AEST/AEDT Friday of Module 4.2 (Week 8) 6 week intensive class. By 11.55pm AEST Sunday Module 4.2 (week 4) Weighting 40% Total Marks 40 marks 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. ASSESSMENT 2 requires you to design your own organisational research project: MGT602_ Assess 2_Team report-presentation-2019-V2 MGT602_ Assess 2_Team report-presentation-2019-V2 Page | 2 1. Apply decision-making systems and techniques in a group to interrogate and interpret a range of data analytics pertinent to a relevant contemporary organisational challenge. 2. Evaluate those systems and techniques to support effective decision-making in organisations 3. Engage as a team to present your findings in a visual, oral and written form that informs and influences the audience to make effective decisions in organisations 4. Support your argument with relevant contemporary literature including major resources from within the subject modules. With guidance from your facilitator, form a team of 4-5 classmates by week 4. Diversity considerations may include: ethnicity; gender; learning styles; personality; decision-making preferences; work experience; first degrees; level of study (just starting/ almost finished); strengths; technical skills; values. In the first 1-2 weeks, share your stories, and diversity, and summarise these in a table. Review what elements support high performing teams, and how each team member will support the project. Prepare a project plan, and maintain records of meetings, actions (who/what/how/when). On a weekly basis, upload key points into your group space in Blackboard, and contribute to each weekly discussion forum as a team. As a team, brainstorm project decision-making challenges you have experienced in the workplace, and which challenge you want to focus on to demonstrate effective decision-making as a team. Imagine you hold key roles in a medium-large size organisation. You will need to nominate your roles, and explain the operating context of the organisation (industry, location, size, products/ services/ organisation. Challenges may relate to understanding your target market for the launch of a new product/ service; recruiting highly qualified staff; acquisition/ merger; operations; manufacturing; logistics; information systems. You will need to access a large publicly available data set relevant to your organisational challenge (Government Census/ polls/ surveys/ Google analytics). You will need to interrogate this data set- how were the data collected; how valid/ representative are they; how meaningful are they? CHECKPOINT:BY WEEK 6, PRESENT A DRAFT OUTLINE OF YOUR REPORT TO YOUR LEARNING FACILITATOR FOR FEEDBACK How will you use these data to support your decision-making for your organisational challenge? Select and utilise at least three different decision-making tools to support your recommendations. Do these tools support each other, or suggest alternative pathways? How can you create a visual representation of the data patterns/ trends to inform and influence your executive team to implement the recommendations for your project? Do not simply copy and paste – you need to create your own visualisation. MGT602_ Assess 2_Team report-presentation-2019-V2 Page | 3 Your assessment response should make use of relevant, contemporary decision models and theories, team process and group dynamics theories drawn from academic research papers and articles in support of your argument . You need to present as a team (ie, all members to participate) in a video / live presentation (10 minutes)in week 8; plus submit a case study research report that defines: the brief; the aims of your study; the scope; key research questions; team introduction and summary of team diversity; literature review on teams and decision-making; use of data analytics; source of data, rationale for use; analysis, interpretation and presentation of selected data; discussion, recommendations; so what (significance of using D-M tools and team dynamics); list of references, and appendices to include team project plan, individual team process feedback and synthesised summary agreed by all team members. Referencing: You must recognise all sources of information; including images that you can include in your work. Reference your work according to the APA 6th edition guidelines. See http://library.laureate.net.au/research_skills/referencing Submission Instructions: Submit the case study report into Turn-it-in, and wait for TII report. Submit one case study report and presentation file with TII report for the team into Assessment 2 submission link in the Assessment section of the subject Blackboard site. Appendix 1: Team Participation Score Matrix a) Individually, each team member will assign a “teamwork” score (from 1-5) to SELF and to OTHER members of the team/group using a participation score matrix. Write a short personal reflection (200 words) b) As a team, review each team member reflection and teamwork score- give each other constructive feedback and create a synthesised summary of the team process in the decision-making project. Grading Matrix Member Name/ID Teamwork (1L-5H) Comments 1 SELF: Name 2 3 http://library.laureate.net.au/research_skills/referencing http://library.laureate.net.au/research_skills/referencing http://library.laureate.net.au/research_skills/referencing MGT602_ Assess 2_Team report-presentation-2019-V2 Page | 4 4 Personal reflection (200 words) Appendix 2: Peer Evaluation Grading Scheme Rating Group Work Description 5  Helps establish team’s purpose, operations and set direction  Implements strategies for enhancing team member engagement  Brings advanced understanding of team decision making to the team’s functioning.  Brings an understanding of the needs of individual, team, and task to completing the decision task  Carries more than own share of the load  Helps guide the team to effective, on time completion of the project  Participates effectively in team’s decision making by establishing a regime of checking and testing team members’ responses, project recommendations and conclusions 4  Facilitates team development in helping define work to be done, and setting goals  Works to gain agreement on team roles, responsibilities, tasks and schedules  Brings advanced understanding of team decision making to the team’s functioning.  Brings an understanding the needs of individual team members, task and team to the completing the decision task  Carries more than own share of the load  Helps guide team to effective, on time completion of the project 3  Contributes to team discussions to reach agreement on project issues  Works together with others towards problem identification.  Provides limited conceptual input to the analysis of data, selection of possible alternative approaches, fails to work actively working to achieving project completion.  Carries some of the team’s workload 2  Provides limited support to the team in making sense of the data and information available.  Provides some inputs into team functioning. Meets a limited number of team goals. Attends most team meetings, sometime neglecting to link up with team member.  Fails to carry own share of the loads 1  Does not participate actively in a team environment MGT602_ Assess 2_Team report-presentation-2019-V2 Page | 5  Places individual goals ahead of the team and the team’s task responsibilities  Hinders the group process and upsets the schedule Zero  Fails to participate in team meetings and actions. Remains a social loafer and silent contributor MGT602_ Assess 2_Team report-presentation-2019-V2 Page | 6 Learning Rubric: MGT602 Assessment 2 Case Study Assessment Criteria Fail (Unacceptable) 0-49% Pass (Functional) 50-64% Credit (Proficient) 65-74% Distinction (Advanced) 75 -84% High Distinction (Exceptional) 85-100% 1. Apply decision making systems and techniques in a group to interrogate and interpret a range of data analytics pertinent to a relevant contemporary organisational challenge.(25% -10/40) Little or no reference made to conceptual frameworks or theoretical models of decision making Basic coverage
Answered Same DayJul 11, 2021MGT602

Answer To: Page | 1 ASSESSMENT 2 BRIEF Subject Code and Title MGT602 Business Decision Analytics Assessment...

Somudranil answered on Jul 13 2021
133 Votes
PowerPoint Presentation
Case Study of Dick Sicks
INTRODUCTION
1. It is with the advent of the big data and the tools that reiterating data has become more viable for Dick Smith.
2.   This research aims to contribute to the exploration of the business analytics by Dick Smith.
3. Dick Smith has incurred huge losses due to the COVID-19 Pandemic.
3.     It will help in conceiving the tools and will extensively delve deeper into the matters for the development of the strategic decision making.
Dick Smith has operated as one of the largest retailers in the Australian retail market. Since it had been functioning mostly on online basis therefore the company also ascertains to have a global reach. However, due to the outbreak of the COVID-19 the functional operations of the company have been b
rought to a halt. In line with the directives provided in the form of a directive by the federal government. The business of retail store has suffered major setbacks. Since the company has been instrumental in working towards the reemployment of the team members considering the situation of the group businesses. The retail store is however open for trading. This assignment will focus on how business Analytics is considerably important facet for the organizations as the need to make potential usage of data, the statistical matters and ensure in undertaking quantitative analysis. This analysis is deemed fit to support the decisions of management and actions. It has been undertaken in relation to the situation of Dick Smith to conceive its situation of being afflicted due to this pandemic.
 
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Key Research Questions
What are the problems that Dick Smith has been subjected to??
How badly Dick Smith has suffered due to this pandemic?
What are the tools used for undertaking the big data analysis of the loss of Dick Smith?
What are the strengths and the competitive advantages of Dick Smith?
What are the threats as well as opportunities faced by Dick Smith?
What are the investments that company need to make during this pandemic to cover all the loss they have incurred during this situation?
What are the ways in which Dick Smith can achieve its target market?
 
Discussion
Facing complexity of tasks which is why business decision analytics is to be mandated.
Prior to the acknowledging of the unfiltered data the decision analytics will help in refining it.
Dick Smith should be instrumental in designing its structural framework for facilitation of information
From the very onset of the situation information processing depending upon organizations have made effective usage of the management. As opined by Aguwa et al., (2018) Dick Smith might encounter the problems such as complexity of tasks and other uncertainties such as changes in the environment through the deployment of the mechanisms for processing of information. Especially it as badly as it seems to take place during this pandemic. The information is processed emphasizing the importance for processing of information for matching them and therefore provide the requirements for up-gradation of information processing capabilities. There appears to be a greater task pertaining to the uncertainty of the task. However, the processing of information has to be undertaken in an effective manner. Dick Smith should be instrumental in designing its structural framework for facilitation of information for enabling decision-making process for mobilizing a greater about of data.
It is with the advent of the big data and the tools that reiterating data has become more viable. Consequently, this will help Dick Smith helps in taking effective decisions in order to formulate a well-to-do business plan for the future. The incremental revenue, the costs decrease, complements the organizational framework and the building of better services as well as products induces profit. Dick Smith on the other hand must be well equipped with the employees in the know how aspects of the business analytics for driving the effective strategies in the decision making process on a day-to-day basis. Higher investment in technology will help in gaining more and more returns of higher capability, which is in turn built by the Dick Smith for working as a mediator in the value creation for the business. The effective usage of the theories for the qualitative and the quantitative data will help in conceiving the tools and will extensively delve deeper into the matters for the development of the strategic decision-making.
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Market Analysis
There were lack of skilled employees in the company. Since the company has been facing huge losses
The incremental revenue was outrunning by the decreasing costs and therefore led to the complements the organizational framework and the building of better services as well as products leading to a downfall.
INTERNAL ENVIRONMENT
The first and the foremost factor that Dick Smith has been subjected is due to the usage of big tools for data extraction. There were lack of skilled employees in the company. Since the company has been facing huge losses. Therefore, a lot of employees had walked out of the job. It was as a result; the company was only left with a fewer worker who were unskilled. They stayed back because they were perfectly fine with the pay scale. Since Dick Smith wanted to get back on the track therefore, the company made sure take immediate actions. Consequently, they made that actions were taken but at the cost of untrained employees. This was one of the major issue
It is with the advent of the big data and the tools that reiterating data has become more viable. However, the employees in Dick Smith were unable to do so since there were mostly untrained workers.
The incremental revenue was outrunning by the decreasing costs and therefore led to the complements the organizational framework and the building of better services as well as products leading to a downfall.
The corporate culture thriving inside the organization was a terribly lethal one. Since they mostly dealt with electronic products and Dick Smith had employees who required training on service skills. Since they did not have that therefore the staffs were embedded with lack of information. Due to this factor the staffs were unable to serve the customers and therefore the customers were kept waiting for long.
Dick Smith was not well equipped with the employees in the know how aspects of the business analytics for driving the effective strategies in the decision making process on a day-to-day basis. The company did not even care to make higher investment in the technology. It would have otherwise helped in gaining more and more returns of higher capability. It is however, in turn built by the Dick Smith for working as a mediator in the value creation for the business.
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External Environment
Processing of strong information to match the aspects of requirements of processing data.
Its competitors aim to provide the products at prices which are lower than it
Dick Smith was subjected to the inability of its situation for obtaining the credit terms.
The business environment being dynamic always tends to disrupt the working culture of an organization. The availability of major competitors like JB Hi Fi AND Bond+Bond have pushed Dick Smith at the verge of extermination. Since its competitors aim to provide the products at prices which are lower than it. Along with this since the electronics market faces a change in relation to the change in the demand patterns of the consumers, the sales get affected. There appeared to exist a shrink in the market share and that led to decadence of the sales of the company. The company aimed in providing clearance sales. However, it was not instrumental in generation of sufficient sales. It did not even generate the margin for alleviating the pressure pertaining to the cash. Dick Smith was subjected to the inability of its situation for obtaining the credit terms. It had an impact on the levels of stock, the product mix as well as the store...
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