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Business Decision Analytics: Collaborative Teamwork and Decision Making Processes

Assessment Objectives
  1. Select and evaluate the usefulness of a range of decisionmaking tools and reflect on your decision making styles and contrast with other styles to determine the respective levels of rationality and intuition utilized
  2. Compare, contrast and critically evaluate sources of data as influences for decision-making in a range of business contexts
  3. Examine and evaluate decision-making systems and techniques to engage group decisions and analyse how these can enhance sustainable outcomes
  4. Critically examine emerging tools and technologies for decision making

In today’s workplaces, collaborative team-work is expected. Diversity in teams is a reality , but can lead to conflict and tensions, due to lack of intercultural intelligence, dominant personalities, or poor decisions due to passivity of members who may succumb to groupthink (Janis, 1972), or who may be biased and have multiple blind spots. Your understanding and experience of these issues are vitally important to your overall business knowledge. This assessment has been designed to:

? Apply decision-making systems and techniques in a group

? Interrogate and interpret a range of data analytics pertinent to a relevant contemporary organisational challenge, decision or change of strategy.

? Apply and evaluate those systems and techniques to support effective decisionmaking in organisations.

? Engage as a team to present your findings in a visual, oral and written format that critically evaluates the decision making process in a contemporary organization.

? Form your arguments through the use of contemporary literature associated with decision making theories and concepts as presented in Modules 1 to 4.

? Work as a team to identify research a business decision and present a business report and ten-minute presentation.

? Reflect on each team members’ and your personal contribution in researching the case study, from preparing the report and compiling the in-class presentation.

This assessment draws on learning activities and resources from Modules 1-4. It is designed for you to analyse a corporate case study and the decision-making process using only theories and concepts from Business Decision analytics. You should consider in researching and preparing your case study report the following:

? The problem detailed by your learning facilitator

? Background to the case

? Collection of relevant internal and external data sources that the organization may have used in the decision-making process

? Identification of the key person or persons making the decision

? Analysis and influence of individuals and group dynamics impact on the decisionmaking

? Analysis of the decision-making process considering all theories and concepts discussed in Modules 1, 2, 3 and 4.

? Visual interpretation and presentation of relevant data / trends/ patterns

Each group will prepare a ten minute presentation of their proposed report findings to be presented in week 7 of the semester. This presentation will provide the audience with a succinct understanding of: the case study, the decision, analysis and conclusions. The purpose of the presentation is for your team to gain meaningful feedback from your peers to enhance your future written report submission. Your team may also pick up useful ideas from listening to the other team’s presentations.

Each student will submit a self and peer evaluation matrix rating the contribution of each group member in the research and preparation of the group report and presentation. Refer Appendix A. To successfully complete this Part C of the assessment, each group should prepare and maintain a project plan, records of meetings, actions (who/what/how/when) which is updated weekly. Each student’s peer evaluation will include individual ratings and a 200-word analysis of the collective group’s decision-making processes. Each student’s peer evaluation must be included in the Appendix of the report

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