The assignment for FIT5094 IT for Management Decision Making tasks you with analyzing a strategic decision-making process and identifying areas for improvement
The assignment for FIT5094 IT for Management Decision Making tasks you with analyzing a strategic decision-making process and identifying areas for improvement. This is crucial for anyone aiming to work as a systems analyst in a decision support role. Here’s a summary of what you need to do, along with specific requirements and important details to consider:
word count requirement：2500-3000
Objective
Your main objective is to dissect the decision-making process behind a strategic decision made by others, not yourself. This involves understanding the intricacies of the decision made, the process followed, and suggesting improvements to mitigate cognitive biases.
Decision Topics
You have the option to choose from several strategic decisions, including but not limited to:
Selecting a graduate degree.
Moving abroad for further studies or work.
Buying property.
Purchasing a new car.
A strategic decision from your professional work or one well-documented in literature, like the Space Shuttle Challenger Disaster or the decision to invade Iraq in 2003.
Tasks
Choose a Strategic Decision: Select one of the provided decisions or negotiate another with your tutor. Ensure it’s a past decision.
Develop an Interview Protocol: Craft a set of questions that will help you gather information about the decision-making process.
Conduct Interviews: Interview individuals (e.g., classmates, friends, relatives) who have gone through the decision-making process. These can be done face-to-face or online.
Describe the Decision Process: Use the Mintzberg, Raisinghani, and Theoret’s (1976) MRT model to describe the decision process.
Identify Cognitive Biases: Pinpoint one or two cognitive biases that may have negatively impacted the decision-making process.
Suggest Improvements: Offer recommendations to mitigate the identified biases in future decisions.
Structure and Presentation
The report should be in a structured format, including an executive summary, introduction, detailed analysis per the MRT model, identification of cognitive biases, improvements, conclusion, references, and appendices (interview protocol and demographics of participants).
Adhere to a word limit of 2,500 to 3,000 words.
Use APA style for citations and formatting.
Key Points to Consider
Past Decision Requirement: The decision you analyze must have already been made. Future or hypothetical decisions are not suitable for this assignment.
Focus on One Decision: Analyze a single decision in depth rather than combining multiple decisions or scenarios.
Avoid Generative AI Tools: Do not use AI tools to generate content for this assignment.
Submission Guidelines: Submit your report in Word format via the course’s Moodle page, following the specified naming conventions and ensuring adherence to the submission statement.
Evaluation Criteria
Your work will be assessed based on the quality of the executive summary and introduction, the thoroughness of the interviews and decision process description, identification and analysis of cognitive biases, the feasibility and creativity of your debiasing solutions, the use of relevant literature, and the overall structure and clarity of your writing.
This assignment is an opportunity to explore the practical aspects of strategic decision-making, understand the underlying cognitive processes, and apply theoretical models to real-world scenarios. Attention to detail, critical analysis, and adherence to academic standards are key to excelling in this task.
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