Decision Making
Order Description
Paper:
Review a decision you have observed in the workplace. If you have limited workplace experience, you may focus on a decision you have observed in another situation. You
should only have observed this decision making situation; you should not have participated in it.
This review is comprised of three parts and requires you to:
1. Summarise your observation (300 words)
In your summary, include the following: What decision was made? Who made the decision? What factors influenced the decision? What was the outcome of the decision?
Your purpose in this part of the assignment is to demonstrate summarising skills.
2. Use the theory of bounded rationality and feel free to incorporate others to explain the decision making process in this situation. (700 words)
Your purpose of this part of the assignment is to demonstrate analytical writing skills.
3. Explain what decision you would have made in this situation. Predominantly use the theory of bounded rationality to reflect on your reasons for making that
decision. (500 words)
Further Guidance:
1 Recognise and articulate various decision making perspectives and techniques.
2 Use relevant literature to construct and support a written argument.
3 Apply critical judgement, analytical and logical reasoning, strategic thinking, and creative problem solving skills to decision making.
4 Reflect upon one’s own managerial decision making and that of others
Formal tone
– Academic words, rather than conversational words.
– Clear flow, using direct and succinct sentences.
– Avoiding colloquialisms, opinions, passive language and long sentences.
– Use of sequential phrases such as firstly, secondly, finally and so on.
– Use citations to back and absolute statements
All to be written in busines report style with:
Cover Page
Executive summary
Table of contents
Introduction
etc
Only one internet source/reference to be used.
Course text book: Fitzgerald, M. (2013). Managing under uncertainty, a qualitative approach to decision-making (2nd ed.). Sydney, Australia: Pearson.
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