MGT602 Business Decision Analytics

    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 your
        decision-making styles and contrast with other
        styles to determine the respective levels of
        rationality and intuition utilised
        b)  Compare, contrast and critically evaluate sources of
        data as influences for decision-making in a range of
        business contexts
Submission        By 11:55pm AEST/AEDT Friday of Module 2.2 (Week 4)
        
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 record 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 (these could be past decisions, prior to your enrolment)

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

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 1 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 brief concrete examples from your real experience to illustrate and demonstrate learning outcomes (see grading rubric).

All principles of academic integrity apply, including acknowledgement of all sources in your report and a corresponding list of all references cited in your report, using APA 6th edition reference style. https://library.torrens.edu.au/home Only list references that have been cited by you.

SUBMISSION:

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 rubric below summarises the grading criteria and standards required for each grade.

MGT602_Assess 1_Decision Style Analysis    Page 2 of 4

Learning Rubric: MGT 602 Assessment One Decision Style Analysis 20 % (20 marks)

                Fail        Pass        Credit        Distinction            High Distinction    
                                                        
                        (Functional)        (Proficient)        (Advanced)            (Exceptional)    
        Assessment Criteria        (Unacceptable)                                        
                        50-64%        65-74%        75 -84%            85-100%    
                0-49%                                        
                                                        
                                                        
    1.    Reflect on a        Little or no authentic personal        Some personal reflection on        A clearly authentic personal        Comprehensive reflection on            Comprehensive and sophisticated    
    range of personal daily        reflection on daily decisions or        daily decision-making and        reflection on daily decision-making        daily decision-making and            reflection on daily decision-making    
    decisions and one major        major decision.        major decision-making is        and major decision-making is        major decision-making is            and major decision-making is    
    decision to analyse and        No, or limited analysis or        evident, with reference to at        evident, with clear analysis and        evident, with clear analysis and            evident, with explicit analysis and    
    evaluate sources of data,        evaluation of sources of data        least two sources of data,        evaluation of at least two sources        evaluation of at least three            evaluation of multiple sources of    
                                                data, decision-making styles and    
    decision-making style and        input, decision-making styles        decision-making styles and        of data, decision-making styles and        sources of data, decision-                
                                                tools.    
    decision-making tools.        and tools.        tools.        tools.        making styles and tools.                
                                                    
    (25% -5/20)                                                
    2.    Compare and        Little or no evidence of        Some evidence of discussion        Clear evidence of discussion with at        Comprehensive evidence of            Sophisticated analysis and    
    contrast with other        discussions and feedback from        with two classmates and        least two classmates and        discussion with at least three            comparison of decision-making    
    decision-making styles and        classmates about bias and        comparative analysis of        comparative analysis of decision-        classmates and comparative            styles and the implication of bias    
    processes to identify bias        blind spots or comparison with        decision-making styles and        making styles and the implication of        analysis of decision-making            and blind spots for decision-    
    and blind spots (25% -5/20)        other decision-making styles        the implication of bias and        bias and blind spots for own        styles and the implication of            making. Feedback from at least    
                        blind spots for own        decision-making        bias and blind spots for own            three classmates is discussed with    
                        decision-making.                decision-making            recommendations to enhance own    
                                                    decision-making    
    3.Prepare a business style        Report lacks logical        Report has basic        Report has a clear logical        Report has a strong            Excellent logic and structure.    
    report with headings and        coherence and clear        logical flow and        flow and structure,        logical flow and            Concise, accurate Executive    
    content that includes visual        structure        structure.        Clear expression of        structure. Accurate            Summary    
    representation of the data        Limited data analysis and no        Basic concepts and analysis        concepts and analysis.        Executive Summary.            Conclusion accurately captures    
    (25%-5/20)        visual representation of data.        are explained        Adequate visual        Conclusion accurately            deep learning and insights.    
                Attempts basic visual        representation of data        captures key learning.            Creative and engaging visual    
                                                    
                        representation of data.        trends/ patterns        Clear visual representation of            representation of data    
                                        data trends/ patterns            trends/ patterns.    
    4.Support your report with        No, or few references from        Makes some attempt to use        References support an adequate        References support a mostly            Sophisticated references support    
    references to key readings        within subject learning        relevant references from        argument and application of major        comprehensive argument and            comprehensive argument and    
    from the subject resources        resources weeks 1-4 (modules        within subject learning        concepts from within subject        application of major concepts            application of major concepts    
    weeks 1-4    1-2)        resources weeks 1-4        learning resources weeks 1-4        from within subject learning            from within subject learning    
    (25%- 5/20)        Many errors in text citations        (modules 1-2)        (modules 1-2)        resources weeks 1-4 (modules            resources weeks 1-4 (modules 1-2    
            and reference list according to        Several major and minor        Several minor errors in text    1-2).            and beyond).    
                                                    
                APA referencing guidelines.        errors in text citations and        citations and reference list        Strong level of accuracy of in-                
                        reference list according to        according to APA referencing        text citations and reference list            High level of accuracy of in-text    
                        APA referencing guidelines.        guidelines.        according to APA 6th ed. style            citations and reference list    
                                        guidelines            according to APA 6th ed. style    
                                                    guidelines.    
MGT602_ Assess 1_ Decision Style Analysis                                    Page 3 of 4    

MGT602_ Assess 1_ Decision Style Analysis    Page 4 of 4