MGT602 Business Decision Analytics - Assessment

Running Head: MGT602 Business Decision Analytics: Assessment 3
MGT602 BUSINESS DECISION ANALYTICS: ASSESSMENT
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MGT602 Business Decision Analytics: Assessment 3
Executive summary
This report can help to provide different information and ideas about decision making
in business contexts. In this case, primary data collection has been focused to learn business
data analytics. Three types of decision making (DM) tools have been used to take proper
decisions. Moreover, proper methods are applied to reduce bias and conduct the study
ethically. Apart from this, discussion about individual and group decision making are also
done in this report. In the end, recommendation is provided to solve the problem in the
Torrens.

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MGT602 Business Decision Analytics: Assessment 3
Table of Contents
Introduction................................................................................................................................4
Overview of the organization and Problem context...................................................................4
Research question.......................................................................................................................4
Source of data.............................................................................................................................5
Decision-making tools...............................................................................................................5
Methods......................................................................................................................................7
Discussion of findings................................................................................................................8
Conclusion................................................................................................................................15
Reference list............................................................................................................................16

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MGT602 Business Decision Analytics: Assessment 3
Introduction
The process of decision making helps a team of an organization to make the right
choice among different available options. In a business, different operations involve some
decisions that are related to planning and controlling the operations properly. Different
decision-making tools can be used to make the right decision in a business without any bias.
Individual and group decision making is different as individual DM is quick and involves
more risk. While group DM involves time and often results in fruitful outcomes. In this
report, a problem of a business firm is discussed and decisions are made through DM tools.
Data collection and analysis are carried out for increasing understanding of the issue.
Overview of the organization and Problem context
Torrens University is one of the popular Australian Universities and it has started its
journey from 2013. It has a diverse workforce to support learning of both national and
international students (torrens.edu.au, 2020). Being the HR manager of this organization, I
am responsible to manage the recruitment and management of human resources in this
organization. In the last board meeting, the senior manager has told me about the challenge
that is being faced by Torrens regarding its diverse workforce. Staff members are facing
difficulties to work in a team due to cultural differences. Moreover, discrimination based on
culture, race, and age are present within Torrens and these aspects must be removed. Major
decisions made in this regard are,
- Educating employees to respect coworkers
- Providing training regarding team working skills
- Required cost for recommendations
Research question