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MGMT205 Evidence Based Decision Making : Critical Thinking

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MGMT205 Evidence Based Decision Making

Task:

Assessment Overview:

Purpose.

Part A:

The purpose of this assessment activity is to demonstrate the skills of research, critical thinking, analysis and ability to articulate the use of decision making theories in a video presentation.

Part B:

The purpose of this assessment activity is to evaluate a peer’s video presentation and provide areas for enhancement of the research, analysis and conclusion.

Why this assessment?

  • To develop your understanding of business decision-making processes and the application of relevant individual and group decision making theories
  • The investigation of real-life scenarios and the diversity of influences in business decision making
  • Researching identifying, collecting and analysing relevant qualitative and quantitative data that addresses the self-selected case study
  • Development of critical thinking skills and the ability to present conclusions and recommendations in a report format
  • Develop the ability to constructively critique a peer’s work and provide feedback

What are the types of employability skills that I will acquire upon completion of this assessment?

Instructions PART A – Ten (10) minute video

Students will self-select or be paired with a fellow student in week 9

The paired students will select different industries for investigation and analysis and collect relevant quantitative (Australian Bureau of Statistics, Industry publications, Annual reports, Publications by State and Federal Govts) and qualitative data (News organisations, Publications by major consultancies – PWC, Andersons, Deloitte etc) that identifies the environmental changes and the respective influences on strategic decision making Each student will prepare a ten-minute video presenting the primary data sources, environmental changes and the influence strategic decision making The paired students will share their ten-minute videos with their partner student

Instructions PART B – 1000-word critique

Following receipt of the partner student’s video the student will review the audio-visual presentation The student will evaluate data sources, analysis and influence upon strategic decision making articulated in the video The student will prepare a written critique identifying how the partners research and application of decision-making theories were effectively completed and or how the research and application theories could be enhanced and developed

MGMT205 Evidence Based Decision Making

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