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Assessment Task 3: Individual Think Piece Purpose: The purpose of this assignment task is for MBA students to identify ways to confront complex, messy, ambiguous problems, make new connections, with a...

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Assessment Task 3: Individual Think Piece
Purpose: The purpose of this assignment task is for MBA students to identify ways to confront complex, messy, ambiguous problems, make new connections, with a creative, innovative and critical set of lenses.
    Criteria
    High Distinction
    Distinction
    Credit
    Pass
    Fail
    Demonstrated ability to synthesize information from a wide variety of sources and present them in a cohesive representation of learning.
10 marks
    Thoroughly detailed and insightful record of relevant issue(s) (from class and beyond) that critically links to other issues, reflections, readings, and/or examples in a meaningful and presents a cohesive representation of learning.
    Detailed and accurate record of issue(s) (from class and beyond) that constantly refers back to other issues, reflections, readings, and/or examples in a meaningful display of learning.
    Accurate class record of issues that contains a satisfactory amount of detail and occasionally links to prior reflections or other sources used within class.
    Class record has significant gaps and is lacking in depth and detail.
    Did not meet criterion.
    Demonstrated ability to identify, inte
ogate and challenge taken-for-granted assumptions about issues explored within both personal and professional environments.
10 marks
    Consistent critical analysis and synthesis of the Areas of Knowledge and Ways of Knowing using a wide variety of outside sources. Knowledge issues are ambitiously and thoroughly explored; assumptions are inte
ogated and challenged in a meaningful and critical manner.
    In-depth reflection is demonstrated that analyses both material studied, and other professional sources. Solid attempts have been made to synthesize the ways in which the Ways of Knowing and Areas of Knowledge inte
elate. Knowledge issues thoroughly explored.
    Regular, in-depth reflection has been attempted utilising a variety of material studied to make connections. Knowledge issues are addressed and an attempt at analysis has been made observed.
    Little attempt at reflection has been demonstrated. There is limited engagement or questioning of class material.
    Did not meet criterion.
    Demonstrates appropriate use of sources and materials and adheres to academic conventions (as appropriate), including APA referencing, grammar, punctuation and writing styles.
10 marks
    Coherently constructed using relevant examples from readings, class discussions/activities, and personal experience. Sophisticated and logical development of ideas are presented using an immaculate use of APA referencing and presentation of ideas.
    Coherently constructed piece of work that uses relevant examples. Intelligent and logical development of ideas. Ideas are presented using appropriate APA referencing conventions and have minimal mistakes.
    The piece of work presented is generally coherent; uses occasional examples to illustrate ideas. Mostly logical development of ideas. APA referencing has been used with some minor e
ors.
    Piece of work is not presented in a logical or coherent form. A basic attempt at referencing has been attempted but there are obvious mistakes. Grammar and presentation is not at an appropriate standard.
    Did not meet criterion.
Answered Same Day Jun 04, 2021

Solution

Tanmoy answered on Jun 04 2021
166 Votes
Think Piece on Design Thinking
Introduction
Design Thinking does not means designing the website of the company with more drop down list and menus. It simply means creating a product for the customer by incorporating the actual needs of the customer. It is an innovation process which considers the feasibility of the project with the available technological support and the project’s viability in the commercial parlance.
Design thinking is not new, but it was first used in the 1960s with the development of the software models from user centric to focus more on the interests and needs of the end users by incorporating them as the center of the procedure. In the 1980s it was used to tackle problems and resolving various issues. From 1990s design thinking was integrated in the businesses for making a positive impact for the customers. From 2005 to 2015, the application of design thinking in the stock markets made them outperform the S&P 500 index by more than 211% during this decade. Hence, design thinking has definitely created value for the customers and facilitated them to build loyalty.
We will now discuss the application of design thinking in the banking industry and how it has improved this sector globally. Here we will take the example of National Australian Bank limited which has developed a new solution called “NAB Quickbiz Loan” targeted towards the SME’s in Australia. It was a process to understand the customers’ needs, tendency...
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