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STAT1060 Business Decision Making

tag 0 Download 5 Pages / 1,234 Words tag 12-02-2021


Changing workplace demands in the 21st century have called for greater flexibility in the ways managers form and implement decisions. Decisions made logically in environments free from time demands which are based on access to complete information and use of deductive reasoning are no longer robust enough or effective enough to address the complexities of modern decision making. Flexible application of decision preferences across contexts while meeting the needs of a variety of tasks can contribute to higher quality decisions, foster effectiveness of decision making, and allow decisions which provide positive implications for stakeholders and the community.

Assessment one has been prescribed to allow students to:

  • Identify individual decision preferences and determine ways of bringing flexibility to the use of your decision style.
  • Reflect on decisions
  • Complete the MBTI identifying both primary and shadow side of decision making style
  • Identify self-improvement and development opportunities
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