ASSESSMENT 3 BRIEF | |
Subject Code and Title | MGT602 Business Decision Analytics |
Assessment | Research Analysis Report |
Individual/Group | Individual reflection |
Length | Business report up to 2,000 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 c) Examine and evaluate decision-making systems and techniques to engage group decisions and analyse how these can enhance sustainable outcomes d) Critically examine emerging tools and technologies for decision making |
Submission | For regular class (12 Weeks Duration): By 11:59 pm AEST/AEDT Sunday of Module 6.1 (week 11) For intensive class (6 Weeks Duration): By 11:59 pm AEST/AEDT Sunday of Module 6.1 (week 6) |
Weighting | 40% |
Total Marks | 40 marks |
Context:
Workplaces today are changing rapidly in parallel with rapid advances in technology and
means of communication with teams separated by distance and time. We need to take into
account not only time and space, but other elements of diversity to collaborate effectively
for organisational outcomes. In such complex environments much can be learned by
observing and analysing the decision-making process of business managers. This task
requires you to select a decision you have observed in the work place that addresses the
assessment topic provided and using MGT602 theory gained from Modules 1-6 on
Blackboard, undertake a comprehensive critical analysis and evaluation of the decision
maker and the decision-making process.
This assessment has been designed to:
Critically reflect on the application of key concepts and theories of MGT602 in the analysis
of a decision from your current or previous workplace. In doing so, you MUST consider the
meaningful work challenge or topic provided to you by the Learning Facilitator that you were
involved in, or observed another person or persons make. If you do not have previous
workplace management experience, then you must analyse the group decision-making
processes undertaken by your team in Assessment task 2.
In successfully completing this assessment task you are to:
▪ Evaluate the sources of data, and the use of data analytics to identify trends/ patterns
that form the evidence for the decision-maker.
▪ Show visualisation of the decision-making process, and analytics to support the decision
making;
▪ Select between three decision-making theories and concepts from within the subject
modules and show their application in analyzing the decision. Evaluate how the decision
would be the same/ different by using different theories or concepts.
▪ Present the findings of your results in a business style report that includes clear headings
to guide the reader and visualisation of the data sources/trends/ patterns, and is
underpinned with evidence from relevant contemporary literature.
▪ Reference according to the APA reference style guide
PLEASE NOTE: It is highly recommended that you discuss the selected decision with your
learning facilitator to ensure efficacy of the assessment task.
Report format
Cover Sheet: Every assessment should have a Torrens University Coversheet. (The
Assignment Cover Sheet found in: https://www.torrens.edu.au/policies-and-forms)
1. Executive summary: 150 words maximum. The executive summary is a summation of
the report. Included are the case being analysed; the data and evidence collected; the
theories used and associated conclusion; and the overall findings.
2. Table of contents.
3. Introduction: 200 words maximum. The introduction will present the reader with a
clear and concise understanding of the following: 1. What is the report about; 2. What
theories will be used; 3 Your concise conclusion; and 4 The structure of the submission
4. Analysis and evaluation: 1600 words maximum. In this section you will analyse and
evaluate the decision-making process using selected theories and concepts from
MGMT602.
5. Conclusion: 200 words maximum. In this section you will provide a concise
summation of your analysis and conclusion(s).
6. References: A minimum of 10 academic references are required from seminal sources
and books. Referencing must be APA style. For referencing information refer to:
http://library.laureate.net.au/research_skills/referencing
7. Appendix: If required.
8. NOTE: This submission is to be presented in report format. Any tables prepared may
be included in the body of the report but must be clearly and concisely discussed as
part of the analysis. Alternatively, the table should be identified and discussed in the
text/body and included in an appendix.
MGT602 Assessment 3 Submission Process
▪ Submit your MGT602 Assessment 3 via Blackboard and the Assessments Tab by Sunday
of Teaching Session 11 before 23.59hrs AEST/AEDT.
▪ The Assignment Cover Sheet is available at (https://www.torrens.edu.au/policies-andforms) must be inserted at the beginning of the assessment document.
▪ Please make sure to submit ONE Microsoft WORD Document (.doc OR .docx). PDF
Submissions will NOT be accepted.
▪ Please make sure to insert page numbers.
▪ You must identify each section of the report with the headings which are listed in the
table of contents.
▪ The Cover Sheet and References are not included in the word count. Nor are the
Executive Summary, Table of Contents or Appendix.
▪ Only the current APA style is used for citing and referencing. More information on
referencing is at http://library.laureate.net.au/research_skills/referencing
▪ Please make sure to review the provided marking rubric at the end of this document for
your information.
Grading Rubric Assessment 3 Weighting 40%
Assessment Criteria | Fail (Unacceptable) 0-49% |
Pass (Functional) 50-64% |
Credit (Proficient) 65-74% |
Distinction (Advanced) 75 – 84% |
High Distinction (Exceptional) 85-100% |
1. Critically reflect on the key themes for this subject: individual, group decision-making and business analytics, and reduction of bias for more effective business decision-making. (25% -10 marks) |
Little or no authentic personal reflection on individual, group and business decision-making and the use of analytics for organisations. No, or limited reflection on bias |
Some personal reflection on individual, group and business decision-making and the use of analytics in organisational decision making is evident, Some reflection on bias is evident. |
A clearly authentic personal reflection on individual, group and business decision-making and the use of analytics is evident, with clear links to the influence of bias on decision making. |
Comprehensive reflection on individual, group and business decision-making and the use of analytics, with clear links to the influence of bias on decision-making. |
Comprehensive and sophisticated reflection on individual, group and business decision-making and the use of analytics is evident, including implication of bias and blind spots for decision making. |
2. Examine and analyse at least three decision making tools and technologies to demonstrate their application in the workplace. (25%- 10 marks) |
Little or no reference made to conceptual frameworks and explicit decision-making tools and technologies. |
Basic coverage of at least three decision-making tools and technologies, with reference to conceptual frameworks, data analytics and their workplace application. |
Clear analysis and comparison of at least three decision making tools and technologies, with reference to conceptual frameworks, data analytics and their workplace application. |
Well-developed analysis and comparison of at least three decision-making tools and technologies, with reference to conceptual frameworks, data analytics and their |
Sophisticated analysis of at least three decision-making tools and technologies, with reference to conceptual frameworks, data analytics and their workplace application. |
3.Prepare a business style report with clear headings and visual interpretation and presentation of data trends/ patterns (25%- 10 marks) |
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 d |
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 argument with relevant contemporary literature including major resources from within the subject modules. (25%- 10 marks) |
No, or few references from within subject learning resources. 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. 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. 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. Strong level of accuracy of intext citations and reference list according to APA style guide; minor errors. |
Sophisticated references support comprehensive argument and application of major concepts from within subject learning resources. High level of accuracy of in text citations and reference list according to APA style guidelines. |