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MGT602_Assess 1_Decision Style Analysis Page 1 of 4 ASSESSMENT 1 BRIEF Subject Code and Title MGT602 Business Decision Analytics Assessment Decision Style Analysis Reflective report Individual/Group...

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MGT602_Assess 1_Decision Style Analysis Page 1 of 4
ASSESSMENT 1 BRIEF
Subject Code and Title MGT602 Business Decision Analytics
Assessment Decision Style Analysis Reflective report
Individual/Group Individual
Length Up to 1000 words
Learning Outcomes a) Select and evaluate the usefulness of a range of
decision making tools and reflect on you
decision-making styles and contrast with othe
styles to determine the respective levels of
ationality and intuition utilised
) Compare, contrast and critically evaluate sources of
data as influences for decision-making in a range of
usiness contexts
Submission 12 week class: By 11:55pm AEST Friday of Module 2.2
(Week 4)
Intensive class: By 11.55 pm AEST Sunday end of
Module 2.2 (week 2)
Weighting 20%
Total Marks 20 marks
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
ecord 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 blind
spots
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
MGT602_Assess 1_Decision Style Analysis Page 2 of 4
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.
MGT602_Assess 1_Decision Style Analysis Page 3 of 4

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
ief concrete examples from your real experience to
illustrate and demonstrate learning outcomes (see grading ru
ic).
All principles of academic integrity apply, including acknowledgement of all sources in your
eport and a co
esponding 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:
li
ary.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 ru
ic below summarises the grading criteria and standards required for each grade.
http:
li
ary.think.edu.au/ld.php?content_id=1882254
MGT602_ Assess 1_ Decision Style Analysis Page 3 of 4
Learning Ru
ic: MGT 602 Assessment One Decision Style Analysis 20 % (20 marks)

Assessment Criteria
Fail
(Unacceptable)
0-49%
Pass
(Functional)
50-64%
Credit
(Proficient)
65-74%
Distinction
(Advanced)
75 -84%
High Distinction
(Exceptional)
85-100%
1. Reflect on a
ange of personal daily
decisions and one major
decision to analyse and
evaluate sources of data,
decision-making style and
decision-making tools.
(25% -5/20)
Little or no authentic personal
eflection on daily decisions or
major decision.
No, or limited analysis or
evaluation of sources of data
input, decision-making styles
and tools.
Some personal reflection on
daily decision-making and
major decision-making is
evident, with reference to at
least two sources of data,
decision-making styles and
tools.
A clearly authentic personal
eflection on daily decision-making
and major decision-making is
evident, with clear analysis and
evaluation of at least two sources
of data, decision-making styles and
tools.
Comprehensive reflection on
daily decision-making and
major decision-making is
evident, with clear analysis and
evaluation of at least three
sources of data, decision-
making styles and tools.
Comprehensive and sophisticated
eflection on daily decision-making
and major decision-making is
evident, with explicit analysis and
evaluation of multiple sources of
data, decision-making styles and
tools.
2. Compare and
contrast with other
decision-making styles and
processes to identify bias
and blind spots (25% -5/20)
Little or no evidence of
discussions and feedback from
classmates about bias and
lind spots or comparison with
other decision-making styles
Some evidence of discussion
with two classmates and
comparative analysis of
decision-making styles and
the implication of bias and
lind spots for own
decision-making.
Clear evidence of discussion with at
least two classmates and
comparative analysis of decision-
making styles and the implication of
ias and blind spots for own
decision-making
Comprehensive evidence of
discussion with at least three
classmates and comparative
analysis of decision-making
styles and the implication of
ias and blind spots for own
decision-making
Sophisticated analysis and
comparison of decision-making
styles and the implication of bias
and blind spots for decision-
making. Feedback from at least
three classmates is discussed with
ecommendations to enhance own
decision-making
3.Prepare a business style
eport with headings and
content that includes visual
epresentation of the data
(25%-5/20)
Report lacks logical
coherence and clear
structure
Limited data analysis and no
visual representation of data.
Report has basic
logical flow and
structure.
Basic concepts and analysis
are explained
Attempts basic visual
epresentation of data.
Report has a clear logical
flow and structure,
Clear expression of
concepts and analysis.
Adequate visual
epresentation of data
trends/ patterns
Report has a strong
logical flow and
structure. Accurate
Executive Summary.
Conclusion accurately
captures key learning.
Clear visual representation of
data trends/ patterns
Excellent logic and structure.
Concise, accurate Executive
Summary
Conclusion accurately captures
deep learning and insights.
Creative and engaging visual
epresentation of data
trends/ patterns.
4.Support your report with
eferences to key readings
from the subject resources
weeks XXXXXXXXXX%- 5/20)
No, or few references from
within subject learning
esources weeks 1-4 (modules
1-2)
Many e
ors in text citations
and reference list according to
APA referencing guidelines.
Makes some attempt to use
elevant references from
within subject learning
esources weeks 1-4
(modules 1-2)

Several major and minor
e
ors in text citations and
eference list according to
APA referencing guidelines.
References support an adequate
argument and application of major
concepts from within subject
learning resources weeks 1-4
(modules 1-2)
Several minor e
ors in text
citations and reference list
according to APA referencing
guidelines.
References support a mostly
comprehensive argument and
application of major concepts
from within subject learning
esources weeks 1-4 (modules
1-2). Strong level of accuracy of
in-text citations and reference
list according to APA 6th ed.
style guidelines
Sophisticated references support
comprehensive argument and
application of major concepts
from within subject learning
esources weeks 1-4 (modules 1-2
and beyond).

High level of accuracy of in-text
citations and reference list
according to APA 6th ed. style
guidelines.
MGT602_ Assess 1_ Decision Style Analysis Page 4 of 4
Answered Same DayDec 22, 2021MGT602

Solution

Dilpreet answered on Dec 23 2021
48 Votes
Running Head: Decision style analysis        1
Decision style analysis         
DECISION STYLE ANALYSIS
Executive summary
In the changing business environment for an individual or an organisation to grow it is important that optimum decisions are made, which may help in sustainable growth and development. In order to make quick decisions with high quality it is important that managers in organisations or individuals in personal life may analyse their decision preferences and make use of efficient tools to make most accurate and effective decisions.
Table of contents
Introduction    4
Major decision making models    4
Rational model    4
Simon’s normative model    5
Identifying the decision preferences and tools    5
Feedback from classmates    7
Comparison and contrast    7
Conclusion    7
References    9
Introduction
    In the spontaneously changing environment within the business organisations, it is extremely important to develop skills and quick, efficient and effective decisions. These decisions should be based on the knowledge gained or the data available so as to ensure that the decision made is accurate and reliable. The decisions made are influenced greatly by the values and biases of an individual taking the decision (Fe
el and Fraedrich, 2015). In this report I shall reflect on the decision making tools and preferences, which I personally prefer to use. I shall also represent a contrasting and comparative view of my preferences with other business or personal decisions.
Major decision making models
    Making efficient and effective decisions is a difficult task both at the professional and personal level. Decision making can be facilitated by making use of decision making models. Some of the most common decision making models, which I are extremely beneficial are discussed below:
Rational model
    In my opinion rational model of decision making is easily understandable and is one of the most classical approaches that may assist me in making efficient and effective decisions quickly. This model assists in decision making through four simple steps:
1. Identification of the problem
2. Determining the alternative solutions
3. Deciding upon or selecting a solution
4. Implementation and evaluation of the problem
Simon’s normative model
    This model is based on the premise that process of decision making is not a rational...
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