Research relevant models of decision-making and critically analyze why good managers sometimes make wrong decisions? Discuss the implications of these models and how managers can improve their decision making skills.
TOPIC:

Research relevant models of decision-making and critically analyze why good managers sometimes make wrong decisions? Discuss the implications of these models and how managers can improve their decision making skills.

NOTE: use the following 3 models to discuss the implications
1) Rationality decision making approach
2) Bounded Rationality
3) Intuition

Requirements:

You must draw on a minimum of 8 appropriate sources of information. Preferred sources include academic journal articles, textbooks and edited textbook chapters; industry websites, organisational websites, government websites, university research centres, and newspapers and other media articles may be used to illustrate arguments.

You should paraphrase your research and use direct quotes minimally and appropriately. You must acknowledge the information you use from your research through in-text citations and a complete and accurate reference list.

Your essay must be written in formal academic English. You are required to present an essay which complies with good essay structure. You will need to proofread and edit your essay a number of times to ensure it is clear and succinct.

You cannot use Wikipedia or any other non-scholarly online encyclopedia or answer guide as research for this assignment.

Use the following steps to write the essay:
Identifying the problem
Identifying decision criteria
Allocating weight to the criteria
Developing alternatives
Analyzing Alternatives
Selecting an alternative
Implementing and alternative
Evaluating decision effectiveness

Management Dynamics 700003
Written Assignment: Week 6 Essay Template

Write a 1000 (+/-10%) word essay addressing the question below.

Research relevant models of decision-making and critically analyze why good managers sometimes make wrong decisions? Discuss the implications of these models and how managers can improve their decision making skills.

NOTE: use the following 3 models to discuss the implications
1) Rationality decision making approach
2) Bounded Rationality
3) Intuition

Requirements:
You must draw on a minimum of 8 appropriate sources of information. Preferred sources include academic journal articles, textbooks and edited textbook chapters; industry websites, organisational websites, government websites, university research centres, and newspapers and other media articles may be used to illustrate arguments.

You should paraphrase your research and use direct quotes minimally and appropriately. You must acknowledge the information you use from your research through in-text citations and a complete and accurate reference list.

Your essay must be written in formal academic English. You are required to present an essay which complies with good essay structure. You will need to proofread and edit your essay a number of times to ensure it is clear and succinct.
You cannot use Wikipedia or any other non-scholarly online encyclopedia or answer guide as research for this assignment.

Use the following steps to write the essay:
• Identifying the problem
• Identifying decision criteria
• Allocating weight to the criteria
• Developing alternatives
• Analyzing Alternatives
• Selecting an alternative
• Implementing and alternative
• Evaluating decision effectiveness
References
MARKING GUIDE: ASSESSMENT 2 — WRITTEN ASSIGNMENT (ESSAY1)
Fail Pass Credit Distinction High Distinction
Essay Structure • Essay does not have a clear introduction, body and/or conclusion.
And/or
• Essay may have poorly structured paragraphs making the document difficult to read. Essay includes
• An introduction with an attempt at a thesis statement and main arguments
• Body paragraphs with a single topic and evidence
• A conclusion with a summary of the main arguments and a restatement of the thesis Essay includes
• An introduction with general statements, a clear thesis, and an outline of main arguments
• Body paragraphs with an attempt at a topic sentence, superficial analysis of the evidence
• A conclusion with a summary of the main arguments, and a restatement of the thesis Essay includes
• An introduction with general statements, a clear thesis, and an outline of main arguments
• Body paragraphs with topic sentence that articulates the main argument to be developed, some analysis of evidence
• A conclusion with a summary of the main arguments, a restatement of the thesis, and a final comment on the topic Essay includes
• An introduction with general statements relevant to the topic, a thesis which asserts a valid response to the question and main arguments that support the thesis
• Body paragraphs with topic sentence that articulates the main argument to be developed, in-depth analysis of evidence
• A conclusion with a summary of the main arguments, a restatement of the thesis, and an analytical final comment on the topic
0-7 7.5-9 9.5-10.5 11-12.5 13-15
Feedback:
Understanding of Topic Essay does not demonstrate an understanding of topic as the response to the question is confused or irrelevant. Student has misinterpreted the question. Discussion and evidence provided are relevant to the essay question. However, the discussion and evidence are limited and/or descriptive demonstrating a basic understanding of the topic. Discussion and evidence provided are relevant to the essay question. There is an attempt to provide a discussion of some of the key issues on the topic and an adequate attempt at integrating relevant evidence. Discussion and evidence provided are relevant to the essay question. Discussion highlights some of the key issues on the topic. Evidence used is relevant. Discussion and evidence provided are relevant to the essay question. Discussion highlights a number of key issues on the topic. Evidence used is both highly relevant and interesting.
0-14.5 15-18.5 19-22 22.5-25 25.5-30
Feedback:
Critical Analysis There is no analysis of the alternative views on the essay topic. There is an attempt to investigate and evaluate relevant views/approaches to the essay topic with an attempt to develop a considered opinion. The relevant views/approaches on the research topic have been investigated. There is some evaluation of relevant research with an attempt to develop an overall opinion. The relevant views/approaches on the research topic have been investigated. There is thorough evaluation of relevant research with a clear overall opinion. The relevant views/approaches on the research topic have been investigated. There is in-depth and critical evaluation of relevant research with a clear overall opinion.
0-9.5 10-12.5 13-14.5 15-16.5 17-20
Feedback:
Expression Poor or no proofreading and editing evident. Essay has many spelling, grammar and punctuation errors. Difficult to read and/or understand. Essay demonstrates an attempt at proofreading and editing. There are some spelling, grammar and punctuation errors. Attempts to use formal academic language. Essay demonstrates editing and proofreading. There are few spelling, grammar and punctuation errors. Formal academic language used throughout. Essay demonstrates editing and proofreading. There are minimal spelling, grammar and punctuation errors. Formal academic language used throughout. Essay demonstrates editing and proofreading. There are no spelling, grammar or punctuation errors. Formal academic language used throughout.
0-4.5 5-6 6.5-7 7.5-8 8.5-10
Feedback:
Presentation Essay
• Does not adhere to word limit
• Does not use the template formatting and/or contains errors and inconsistencies
• Does not have an accurately completed coversheet Essay
• Adheres to word limit
• Uses the template formatting without any errors or inconsistencies
• Has an accurately completed coversheet
0 5
Feedback:
Research Essay
• Has less than 5 appropriate resources (according to assignment guidelines)
And/or
• Essay includes
• 5 appropriate resources (according to assignment guidelines)
• Essay includes
• 6 appropriate resources (according to assignment guidelines)
• Essay includes
• 7 appropriate resources (according to assignment guidelines)
• Essay includes
• 8 appropriate resources (according to assignment guidelines)
•
0-4 5 6 7 8-10
Feedback:
Referencing Does not acknowledge all of the research used (may be missing in-text citations or have an incomplete reference list) • Acknowledgement of all research used through in-text citations and an accurate reference list
The Harvard style is adequate • Acknowledgement of all research used through in-text citations and an accurate reference list
The Harvard style is good • Acknowledgement of all research used through in-text citations and an accurate reference list
The Harvard style is near perfect • Acknowledgement of all research used through in-text citations and an accurate reference list
The Harvard style is perfect
0 5 6-7.5 8-9 10
Feedback:

Sub-Total (100) Late Penalties Academic Misconduct Penalties Total (100)