MGT602 Business Decision Analytics

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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	For regular class (12 Weeks Duration): By 11:59 pm AEST/AEDT Friday of Module 2.2 (week 4) For intensive class (6 Weeks Duration): Part A: By 11:59 pm AEST/AEDT Sunday of Module 2.2 (week 2)
Weighting	20%
Total Marks	20 marks

Context:
Fast changing workplaces call for greater flexibility in the ways individuals and work teams make and
implement decisions. Alongside the increasing rate of change are the demands for better decision
making through understanding and mitigating personal preferences and biases.
This assessment has been designed to:
▪ Appraise your ability to research academic literature on decision making. You are expected
to utilise the literature provided in Modules 1 and 2 as a foundation that guides your
further academic research.
▪ Select and evaluate the usefulness of a range of decision-making tools and reflect on levels of
rationality and intuition utilised during the decision-making process.
▪ Compare, contrast and critically evaluate sources of data as influences in the decision-making
context
▪ Identify the relevant sources of influence and limitations in your decision-decision making process
MGT602 Assessment 1 writing guidelines:
This assessment draws on learning activities and resources from weeks 1-4 and Modules 1 and 2. It is
designed for you to engage in the decision-making process and then reflectively analyse your decisionmaking process using only theories and concepts from the Business Decision Analytics course (MGT602).
You should include in your reflective report:
▪ The decision-making problem detailed by your learning facilitator
▪ Analysis of your decision-making preferences (see activity Module 1)
▪ Analysis and influence of your personality traits and the impact on your decision-making
▪ Details of the sources of data collected during the decision-making process and how this data
was evaluated/analysed
▪ Analysis of the decision-making process using the rational decision-making model
▪ Application of bounded rationality to identify the limitations in your decision-making
▪ Visual interpretation of data / trends/ patterns
▪ As a reflective analysis you will present your analysis in the first person.
Submission format
Cover Sheet: Every assessment must have a Torrens University Coversheet. (The Assignment Cover
Sheet found in: https://www.torrens.edu.au/policies-and-forms)
1. Introduction: 100 words maximum. The introduction will present the reader with a clear and
concise understanding of the following: 1. What is the submission about; 2. What theories will be
used; 3 Your concise conclusion; and 4 The structure of the submission
2. Analysis and evaluation: 800 words maximum. In this section you will analyse and evaluate your
decision-making process using selected theories and concepts from the various Modules offered
in Blackboard for this subject. You will include any blind spots or biases that you have identified in
making this evaluative decision
3. Conclusion: 100 words maximum. In this section you will provide a concise summation of your
analysis and conclusion(s).
4. References: A minimum of 4 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
5. Appendix: If required.
6. NOTE: This submission is to be presented as a report. Any tables prepared must be identified
and discussed in the text/body and included in an appendix.
MGT602 Assessment 1 Submission Process
▪ Please make sure to submit your MGT602 Assessment 1 via Blackboard and the Assessments Tab by
End of Module 2.2 (Friday of Week 4).
▪ There is NO need to insert Table of Contents and Executive Summary.
▪ 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.
▪ The Assignment Cover Sheet is available at (https://www.torrens.edu.au/policies-and-forms) and
must be inserted at the beginning of the assessment document.
▪ You may identify each section with the headings of. 1. Introduction, 2. Analysis and Evaluation, 3.
Conclusion, 4. References, 5 Appendix).
▪ The Cover Sheet and References are not included in the word count. Nor is the appendix
▪ Only APA style is used for citing and referencing research. More information on referencing here
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.
Notes to Learning Facilitator and student:
Each student needs to select one topic from a range that will be provided by the Learning Facilitator in
week 2. It is the student’s responsibility to read the options provided and make an appropriate choice
based on interest or prior knowledge.
The student is required to assume the role of undertaking this decision for themselves and evaluate the
decision based on the criteria listed above (eg blind spots, biases, decision models utilized etc) and any
further relevant sources gained from Modules 1 and 2 on Blackboard.

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 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 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. 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	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 style	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 style guidelines.

Grading Rubric Assessment 1. Weighting 20%

guidelines.

guidelines.

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