Business Management: Decision-Making Processes

Requirements:
Decision-making is part of everyday life, some decisions are easier to make than others and it is
the role of managers to give consideration to information that assists the decisions that need to
be made. Understanding how you make decisions will enable you to think about the information
that you will need to support you in making decisions.
Question:
Consider a time where you have had to make a decision, or a number of decisions, that have
had a major impact on your life. Drawing upon this, identify, assess and evaluate your personal decision-making style and skills. Your work must include examples and theory to support and
justify your assessment of your personal decision making style and skills. Within it you should:
1. Identify your personal decision making skills and style, supported with relevant academic
theory and reinforced with personal examples of your decision making approach in practice.
2. Acknowledge through the assessment and evaluation you present, which skills and styles
were successful and which hindered your decision making; with justification as to why based
upon and supported by academic theory.
3. Articulate a plan of how you might alter your approach to making decisions in the future,
having identified, and assessed your personal decision- making skills and style with respect to
academic decision-making theory.
Consideration required to undertake the assignment.
You may for example refer to your decision making surrounding deciding to come to study at The
University of X. When you are looking back at this example you will need to evaluate how you
undertook this decision. In the process of doing this you should assess whether you adopted a
good approach to making this decision and whether anything within your personal decision
making style could hinder you in the future when making decisions. Having considered these
challenges, you need to outline what you might do differently and recognise any points that may
erode your decision making process. All aspects of your analysis (the identification of your
decision making style, the evaluation of your decision making style and your plan for altering
your approach to making future major decisions) must be supported throughout with reference to academic theory.
Use theory and examples to demonstrate the points that you are discussing, ensuring you
reference accurately using the Harvard Method.