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
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 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 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 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 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 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. Only list references that have been cited by you. The APA referencing guide can be located in the Academic Writing Guide at http://library.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 rubric below summarises the grading criteria and standards required for each grade. http://library.think.edu.au/ld.php?content_id=1882254 MGT602_ Assess 1_ Decision Style Analysis Page 3 of 4 Learning Rubric: 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 range 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 reflection 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 reflection 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 reflection 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 blind 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 blind 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 bias 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 bias 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 recommendations to enhance own decision-making 3.Prepare a business style report with headings and content that includes visual representation 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 representation of data. Report has a clear logical flow and structure, Clear expression of concepts and analysis. Adequate visual representation 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 representation of data trends/ patterns. 4.Support your report with references to key readings from the subject resources weeks 1-4 (25%- 5/20) No, or few references from within subject learning resources weeks 1-4 (modules 1-2) Many errors in text citations and reference list according to APA referencing guidelines. Makes some attempt to use relevant references from within subject learning resources weeks 1-4 (modules 1-2) Several major and minor errors in text citations and reference 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 errors 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 resources 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 resources 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. 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