MGT602 Business Decision Analytics Assignment

 


Teams separated by time and distance are experiencing rapid changes in the workplace. That is due to advances in technology. Students of business need to consider not only the time and place but also other aspects of diversity to work together effectively. The decision-making processes of managers can provide valuable insights in such complex environments. This task asks students to choose a decision they have observed at work and use MGT602 Business Decision Analytics Assignment. Apply the theory from the different modules to a critical evaluation and analysis of the decision maker.

MGT602 Business Analytics Assignment

Takeaways from the Key Notes

  • The decision analysis approach is a quantitative and visual method of making strategic decisions.
  • The decision analysis process uses many tools and aspects of management, psychology, and economics.
  • Decision analysis can assess risk, capital investments and strategic business decisions.
  • Visual representations of the analysis process include decision trees and influence graphs.
  • Some critics claim that the decision analysis process can lead to analysis paralysis, and the overload of information makes it impossible to make any kind of decision.

By completing the assessment task, you will:

·         Data analytics can determine trends and patterns, which will help the decision-maker.

·         Visualise the decision-making processes and use analytics to help with the decisions.

·         Choose three theories and concepts for decision-making from the modules you have studied and demonstrate their application to the analysis. Evaluate whether the decision would be the same or different using a different theory or concept.

·         The report should be written in a professional style, with clear headings that guide the reader. It should also include graphical representations of data sources, trends and patterns.

·         Referencing according to the APA style guide

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