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In this assignment you will write a report that reviews previous decision-making scenarios you have been involved in, using the outline provided in Winning Decisions Appendix A. In particular, your...

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In this assignment you will write a report that reviews previous decision-making scenarios you have been involved in, using the outline provided in Winning Decisions Appendix A. In particular, your report should:



  1. Evaluate your typical past allocation of time spent on the four phases of decision-making, explain how you plan to divide your time in the future, and identify barriers to the proper allocation of time. Present your past and future time allocation using the format of the "Time Allocation Worksheet" presented in Appendix A. Could these target time allocations depend on the nature of the decision being made? Explain.

  2. Describe at least three different decision scenarios you have been involved in. At least one of these should be a scenario in which you achieved good results
    because you followed a good decision process. At least one of these should be a scenario in which you suffered bad results
    because of a poor decision process. Recall that it is possible to achieve "good" outcomes despite a poor decision-making process, and it is possible to achieve "poor" outcomes despite following a good decision-making process.

  3. Expand on the "good decision process" scenarios: Describe the "good" elements of the decision process, and how they helped contribute to the good results realized. Analysis of decision scenarios should draw on and integrate concepts from prior course readings and commentary.

  4. Expand on the "poor decision process" scenarios: Describe the "poor" elements of the decision process, and how they contributed to the poor results realized. Analysis of decision scenarios should draw on and integrate concepts from prior course readings and commentary.

  5. Recommend three
    specific actions
    for how you can improve decision-making (individual or group/organizational) in the future. Your recommendations should be informed by your analysis of good vs. poor processes in prior decisions ("Learning from experience").


Refer to Winning Decisions Appendix A for an expanded presentation of the report prompts presented above. Your decision scenarios could involve decisions you had to make as an individual, or decisions made at the group/organizational level. For group or organizational decisions you might draw on issues raised in the "Group Assessment" section of Appendix A, as well as the potential "Organizational Challenges in Decision-Making" itemized in Appendix B.
Your report should draw on and synthesize concepts (as relevant) from all course readings to date.


Submit your written report (typically XXXXXXXXXXwords, not counting possible appendix) by the due date on the calendar.

Answered 3 days After Oct 08, 2023

Solution

Dipali answered on Oct 11 2023
24 Votes
WRITTEN ASSIGNMENT        7
WRITTEN ASSIGNMENT
Table of contents
Introduction    3
Time Allocation Analysis    3
Past Time Allocation    4
Future Time Allocation    4
Ba
iers to Proper Allocation    4
Target Time Allocations and Decision Nature    5
Decision Scenarios    5
Scenario 1: Good Results Due to a Good Decision Process    5
Scenario 2: Poor Results Due to a Poor Decision Process    5
Scenario 3: Mixed Results Despite a Good Decision Process    6
Recommendations for Improvement    6
Conclusion    7
References    8
Introduction
    Making wise decisions is a key ability that is essential to succeed in one's personal, professional, and organizational endeavors. Through the complicated web of options we face every day, it serves as our compass. This report is a self-reflective examination of my prior decision-making processes, undertaken in accordance with the guidelines set out in "Winning Decisions Appendix A." It seeks to evaluate how I used my time throughout the four crucial decision-making phases, investigate the complexities of various choice scenarios, and offer specific suggestions for enhancing decision-making procedures in the future. It is impossible to overestimate the value of making wise decisions. Decisions form tactics, have an impact on overall wellbeing, and have an impact on outcomes in both individual and organizational contexts. However, constantly making wise choices is a difficult task.
    It necessitates striking a balance between flexibility and rigid approaches, as well as an understanding of the environment in which each choice is made. Beginning with an assessment of my prior time management strategies for various decision-making phases, this report identifies both my strengths and flaws. After that, it dives into three different decision-making scenarios, emphasizing examples of both success and failure and quoting pertinent readings from the course to offer more in-depth explanations. The following three recommendations for decision-making enhancement are based on the knowledge gained from prior experiences. Through this study, we want to start a journey towards future decision-making that is more sensible, knowledgeable, and flexible.
Time Allocation Analysis
Past Time Allocation
    I frequently observed that I spent uneven amounts of time on the four stages of decision-making in the past: framing, gathering, analyzing, and deciding. The allocation was frequently biased in favor of the Analyzing phase, which occasionally resulted in analytical paralysis. Here is a
eakdown of my past time commitment. –
· Decision Phase – Past Allocation
· Framing – 20%
· Gathering – 25%
· Analyzing – 40%
· Deciding – 15%
Future Time Allocation
I intend to adjust how I spend my time in order to improve the efficacy of my decision-making –
· Decision Phase –...
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