MGT602 Business Decision Analytics
13 Pages3063 Words37 Views
Business Decision Analytics (MGT602)
Added on 2021-12-29
MGT602 Business Decision Analytics
Business Decision Analytics (MGT602)
Added on 2021-12-29
ShareRelated Documents
Running Head: MGT602
Business Decision Analytics
Student Name:
Student ID:
Subject:
Business Decision Analytics
Student Name:
Student ID:
Subject:
1
Research Analysis
Executive Summary
In order to bring the group of people together, organizations are using innovative or
creative techniques. Formation of virtual teams helps the organizations to decrease the demand
of globalization within the organizations. To interact with each other and the customers instead
of physical presence the virtual teams are using various technologies. Making an efficient use of
communication service strategy has proved to be useful for most of the organizations. The paper
discusses two scenarios based on business decision analytics. Scenario A uses a clustering
method that selects the nodes which are connected and nearer to each other. This method has
been used to select the key members who will attend the meeting. While scenario B utilizes the
Leximancer Concept map that discusses the processes used within the organization. It also
discusses the role of managers within the organization to achieve the organizational goals.
Research Analysis
Executive Summary
In order to bring the group of people together, organizations are using innovative or
creative techniques. Formation of virtual teams helps the organizations to decrease the demand
of globalization within the organizations. To interact with each other and the customers instead
of physical presence the virtual teams are using various technologies. Making an efficient use of
communication service strategy has proved to be useful for most of the organizations. The paper
discusses two scenarios based on business decision analytics. Scenario A uses a clustering
method that selects the nodes which are connected and nearer to each other. This method has
been used to select the key members who will attend the meeting. While scenario B utilizes the
Leximancer Concept map that discusses the processes used within the organization. It also
discusses the role of managers within the organization to achieve the organizational goals.
2
Research Analysis
Table of Contents
Introduction.................................................................................................................................................3
Discussion of Scenario A............................................................................................................................3
Discussion of Scenario B.............................................................................................................................5
Recommendations.......................................................................................................................................7
Conclusion...................................................................................................................................................8
References...................................................................................................................................................9
Appendices................................................................................................................................................11
Research Analysis
Table of Contents
Introduction.................................................................................................................................................3
Discussion of Scenario A............................................................................................................................3
Discussion of Scenario B.............................................................................................................................5
Recommendations.......................................................................................................................................7
Conclusion...................................................................................................................................................8
References...................................................................................................................................................9
Appendices................................................................................................................................................11
3
Research Analysis
Introduction
Presently organizations are constantly making use of innovative or creative techniques so
that more and number of people could work together. The challenges faced due to globalization
could help in the formation of virtual teams. The concept of communication is adopted by
various organizations to execute business activities effectively. Understanding communication
challenges, psychological costs and use of technology that helps the virtual managers to execute
the work systematically. The paper provides two scenarios A and B where scenario A has
utilized the clustering method and scenario B has utilized Leximancer concept analysis for
showing the connection between the concepts.
Discussion of Scenario A
A mid-sized Australian company where 800 people are employed, out of that 800 people
80 employees were involved in Research, Development, and Design (RD&D) work. The
company has a huge interest in recognizing the innovative as well as creative capabilities of their
team members who are engaged in R, D & D work (Aguwa, Olya and Monplaisir, 2017). The
firm seeks to make a wise use of its capabilities to segregate its business strategies from its
opponents. Thus, the company has organized a research project that will help to examine the
innovative capabilities of R, D & D that are organized by the employees to manage their
unstructured communication. Within a period of one week the direction, rates, and emails of
connectivity of the R, D & D employees have been mapped systematically (Ayed, Halima and
Alimi, 2015). On the attached map of unstructured information of RD&D available in emails, the
results based on this particular research audit have been provided.
The specific project requires an understanding of the decision made that is combined
together to cooperate in making tacit unstructured information. The employees of RD&D will be
provided with different meeting rooms along with a facilitator, visual aids and a group of
decision support system (Chan, Choi, and Yue, 2016). A group based communication technology
system will be used by the project to organize the meetings of the employees which will help
them to gather explicit data and implicit information (Cheng, 2016). Along with the resources
and participation of each members, it will also support the group members present in the other
meeting rooms to generate explicit data.
Research Analysis
Introduction
Presently organizations are constantly making use of innovative or creative techniques so
that more and number of people could work together. The challenges faced due to globalization
could help in the formation of virtual teams. The concept of communication is adopted by
various organizations to execute business activities effectively. Understanding communication
challenges, psychological costs and use of technology that helps the virtual managers to execute
the work systematically. The paper provides two scenarios A and B where scenario A has
utilized the clustering method and scenario B has utilized Leximancer concept analysis for
showing the connection between the concepts.
Discussion of Scenario A
A mid-sized Australian company where 800 people are employed, out of that 800 people
80 employees were involved in Research, Development, and Design (RD&D) work. The
company has a huge interest in recognizing the innovative as well as creative capabilities of their
team members who are engaged in R, D & D work (Aguwa, Olya and Monplaisir, 2017). The
firm seeks to make a wise use of its capabilities to segregate its business strategies from its
opponents. Thus, the company has organized a research project that will help to examine the
innovative capabilities of R, D & D that are organized by the employees to manage their
unstructured communication. Within a period of one week the direction, rates, and emails of
connectivity of the R, D & D employees have been mapped systematically (Ayed, Halima and
Alimi, 2015). On the attached map of unstructured information of RD&D available in emails, the
results based on this particular research audit have been provided.
The specific project requires an understanding of the decision made that is combined
together to cooperate in making tacit unstructured information. The employees of RD&D will be
provided with different meeting rooms along with a facilitator, visual aids and a group of
decision support system (Chan, Choi, and Yue, 2016). A group based communication technology
system will be used by the project to organize the meetings of the employees which will help
them to gather explicit data and implicit information (Cheng, 2016). Along with the resources
and participation of each members, it will also support the group members present in the other
meeting rooms to generate explicit data.
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Business Decision Analytics .lg...
|13
|2924
|274
Business Decision Analytics for Virtual Teams: Clustering Techniques and Leximancer Concept Maplg...
|16
|3877
|433
Business Decision Analysis for Virtual Teams in Companieslg...
|14
|3490
|248
MGT602 Business Decision Analyticslg...
|11
|3117
|34
Business Decision Analytics for Virtual Teams: Scenarios A and Blg...
|16
|3625
|284
MGT602 Business Decision Analyticslg...
|14
|3490
|75