GSBS6001: Decision Making System- Observation Review Assignment

Internal Code: MAS116

Observation Review Assignment:

Question: This observation review is comprised of three headings and requires you to: Heading 1 Decision Summary: Engage in academic summary writing and effectively summarise a planned decision an individual made and implemented in a workplace environment. It is important that you personally observed this decision being made. It may be drawn from you being involved in a workplace or observing another making a decision in a workplace e.g. friend, family member etc.Write the summary from the perspective of your observation of the decision. In your summary, address the following points: 1. What decision was made 2. Who made the decision 3. Where was the decision made 4. How was the decision made 5. What factors influenced the decision 6. What were the outcome of the decision Heading 2 Rational decision making analysis Using relevant academic sources, critically analyse the decision from the perspective of rational decision making theory. In your critical analysis, identify those parts of the decision that were rational in part or in full and justify your argument through coherent academic analytical writing. In your answer, you will need to select and use a suitable rational decision making process model and provide a fully referenced diagram of that model. Heading 3 Bounded rational decision-making analysis: Using relevant academic sources appropriate to bounded rational theory, critically analyse and evaluate what potential issues could have bounded the decision maker in this decision. In your answer, include in your analysis and evaluation potential limitations and benefits of bounded rationality in this decision.