Hey.It is critical thinking and management assessment 2 about reflective essay about 2000 words to...

Question

Hey.It is critical thinking and management assessment 2 about reflective essay about 2000 words to be done in it with APA style referencing and you must pick 4 therios from week 1 to week 8 lectures i will be sending those materials through your mail. You cansee the task in given file here. Tutor gave me topic just the mechanica brand name " TOYOTA" . You can have a look through the assessment description and must covered with 10 best journal articles to fulfill the requirement .School of Business and Law CQUniversity                                               CRICOS Provider Code: 02219C    MGMT 20135: Critical Thinking and Managerial Decision Making  Assessment 2: Written Assessment- Reflective Essay    This assessment item accounts for 40% of your final grade for this unit and must be completed  by students individually. Due: The assessment is due on Monday of week 9, 11th May 2020 at 5.00 PM AEST. Length: The essay must be 2000 words in length excluding references. Two points will be deducted  for assessments that are over or under by 200 words. Cover page: The essay must include a cover page that contains your name, student number, resident  campus, assessment title, lecturer and word count. Format: Text should be word-processed, Times New Roman, 12 size font and line spacing (1.5). Referencing: A minimum of 10 academic references are required. The list of references should  form the last page or two, at the end of the assessment. Referencing should be in a consistent  APA style. Submission: Please save and upload your file in a Word format (.doc or .docx) via the  assessment link on Moodle. There will be a late penalty of 2 marks (5 % of 40) for each day late. Task Description: The objectives of this reflective essay are for students to (1) summarize, critically  review and reinforce key concepts and theories learned from week 1 to week 8 of this unit. (2)  reflect on these concepts/theories’ potential impact on students’ decision making, and how these  learning are being applied and could be applied in their current jobs, development of future career  and/or their life generally. (3) reflect on new insights gained about oneself as a result of learning  the unit and propose a plan for self-development.  Students are expected to reflect on the topics (week 1- week 8) this unit has covered and evaluate  which topics have inspired their thinking or influenced their decision making. You must pick Four  topics covered during the eight weeks. Each topic needs to contain a CONVINCING and PERSONAL  justification of why these topics are chosen and how the mentioned topics have changed/might  change the students’ thinking or the students’ decisions. For example, students could identify the  topic of “automatic versus critical thinking” as a theme for one week’s reflection, and illustrate  with personal examples how having learned about the differences has enabled him/her to be more  effective in making a certain decision at work. Close to the end, the essay needs to reflect on self- knowledge and highlight implications for future self-development.   To successfully complete this assessment task, students should answer the following    reflective essay questions: School of Business and Law CQUniversity                                               CRICOS Provider Code: 02219C      • Which concepts/theories from which week’s learning activities are significant or  important to you?  • Why are these concepts/theories you have identified important or significant to  you? (Theoretical review)  • How are the concepts/theories you have learned influencing/impacting your decision- making in relation to your current interpersonal relationships, professional workplaces  and/or personal life? (Practical Application)  • What have you learned about yourself through the unit activities? What skills do you  possess and what skills are you lacking? How are you going to improve your decision- making in the future? (Self-knowledge and self-development)  • You should tie all your arguments/insights together at the end of your paper,  highlighting how you think you will be able to use your learning in your future  career and in life generally.   Assessment 2: Written Assessment- Reflective Essay Marking Rubrics    Section/Criteria 40% Fail (

Moumita · Accepted Answer

Running Head: Assessment 2 								1
Assessment 2											2
REFLECTION OF THE DECISION MAKING THEORIES 
Table of Contents
Introduction	3
Answer to Question 1	3
Answer to Question 2	3
Answer to Question 3	5
Answer to Question 4	6
Answer to Question 5	7
Conclusion	7
References	8
Introduction
The different concepts that are related to the Decision making processes will be discussed in this report. I personally think that this decision making process or theory is very important from a different perspective (Singh & Garg, 2017). This decision making process helps the people to gain the proper knowledge about the problems and they can also be able to gain the different perspective on the different dimensions too. 
Answer to Question 1
Amongst the different concepts and theories of the critical thinking and decision making process that have been taught in these eight weeks I think that I have found four theories very significant and important amongst others. These four theories are the Triangular thinking theory, Prospect Theory, Psychological Contract Theory and the Game Theory (Geckil & Anderson, 2016). I think all of these theories are very well balanced within themselves and this has also led to some of the best decision making processes within the different organisations. Thus the organisation has earned a lot of profit and gained many advantages within the different business prospects. 
Through all the week’s learning I have learned that these theories and the proper implementation can bring success to the different factors. That is the reason why I chose the four theories I have named above (Wang, Yang & Luo, 2017). The reason and the in depth discussion of these theories are discussed below with the proper example and reform to the Toyota company and their decision making process in general. I think this in depth discussion is very important for giving a proper understanding of the theories and it can also enrich my personal insight and analysis of these theories for the betterment in the future. 
Answer to Question 2 
The theories that I have chosen are the Triangular Thinking theory, Prospect theory, PSychological Contract theory and game theory. The in depth analysis of these theories will be presented here. From the week’s learning I have learnt that the Prospect theory is a very important theory in the context of the decision making procedure. Daniel Kanheman and Amos Tversky co-founded this theory in the year of 1979. The different concepts and the main motto that has been presented within this theory can challenge the famous utility theory behind the decision making process. This theory introduces a new way of thinking process behind the decision making approach which i think is very effective and unique. That is the reason why I have really thought this theory as a very significant one in the different business context. The prospect theory provides a brief assumption of the losses and gains that can be derived from a decision and that is the reason why it is also considered as the loss aversion theory in general. The decision making scenario depends on the loss and gains. As an individual we assume or think about the risk of loss associated with a certain decision (Bernheim & Sprenger, 2019). That is the reason why that decision is never made rather the decision that can lead to the gain is made very easily. The presumption of the risks of the loss within the different spheres can be the leading force behind the decision making process according to this theory. 
The next theory that I think is amusing is the psychological contract theory. This theory has been developed by Rousseau in the year 2004. The different types of beliefs that is associated with the premises that are made to the individual or organisations in general. The individuals or the enterprises take the decision based upon these promises. The promised outcome of the other leads the way to the decision making process. The psychology of gaining what is promised is the guiding force behind this decision making process. In this way through the psychological contract a decision is being made. I think these contract theories are very common. A lot of people make a decision based upon the promise they have got from the other personalities. There are different features associated with the psychological contract theory which I think is very important in the decision making processes. They are the voluntary choice, belief in the mutual agreement,

School of Business and Law CQUniversity XXXXXXXXXXCRICOS Provider Code: 02219C MGMT 20135: Critical Thinking and Managerial Decision Making Assessment 2: Written Assessment- Reflective Essay This...

Answer To: School of Business and Law CQUniversity XXXXXXXXXXCRICOS Provider Code: 02219C MGMT 20135: Critical...

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment