Business Decision Analytics And Management

Running head: MANAGEMENT
Business decision analytics
Name of the student:
Name of the university:
Author note:

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MANAGEMENT
Executive summary
This assignment is a reflective report on the decision making approaches towards the
challenge of political corruption scandals prevailing in oil and gas company, Petrobras,
Brazil. Team work was conducted for exploring the trends and patterns towards the decision
making process. Case studies acted assistance in enhancing the awareness about the political
scandals of corruption. Dimensional, analytical and compound analysis forms the main
sources of making decisions in the workplace of Torrens University. Along with this,
secondary data was used for enhancing the familiarity with the problems and the solutions.
The tools and techniques considered are MBTI tests, decision making matrix, Pugh’s matrix,
creativity and innovation.
Governance and compliance programs are apt for Petrobras in terms of enhancing the
standards and quality of the operations to that of the ethical code of conduct. Alternatives can
expand the scope and arena of the business, attracting more and more clients and customers.

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MANAGEMENT
Table of contents
Introduction................................................................................................................................3
Sources of data...........................................................................................................................3
Trends and patterns forming the evidence of decision-making.................................................4
Patterns of decision making.......................................................................................................4
Decision making process........................................................................................................5
Cause and effect diagram.......................................................................................................6
Findings......................................................................................................................................7
Milestones..............................................................................................................................7
Group decision making..........................................................................................................7
External influences.................................................................................................................8
Biases.....................................................................................................................................8
Decision making matrix.........................................................................................................8
Recommendations......................................................................................................................9
Bibliography.............................................................................................................................11
Appendices...............................................................................................................................12

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MANAGEMENT
Introduction
Decision making process is one of the crucial stages, which determines the growth
and development. Making use of the appropriate tools and techniques for decision making
drives the individuals towards their mental growth (Ben-Zur, 1998). I think that tactful
approach in dealing with the issues and challenges helps in enhancing the learning style and
process. Group discussions are a typical exemplar, which depicts the different approaches
towards decision making (Lerner et al., 2015). This assignment attempts to shed light on the
perspectives of the students of Torrens University, towards undertaking decisions for
overcoming the challenges. The main focus is on displaying the perspective of a consultant
for finding solutions towards corruption scandals in Petrobras. Conscious approach towards
following the dynamics helps in achieving positive outcomes. I felt that evaluation helps in
making the necessary modifications towards accomplishing the goals.
Sources of data
In the first minute meeting, our agenda topic was application of the decision making
systems and techniques on the challenges, which the companies and organizations encounter
while executing their operations. In this context, the steps, which were followed were
selection of the modes of communication, allocation of the tasks, upgrading the information
on the scenario, project plan and meetings. One of the crucial activities in this meeting was
the formation of research questions and Group Diversity Chart. I felt that this chart acted
assistance for the managers to keep track of the personal information of the team members. In
the second minute meeting, we had face to face discussions, which helped in discussing about
the Petrobras’ challenge for addressing the political corruption scandals taking place in
Brazil. It is at this stage, that we were acquainted with the various tools and techniques for
overcoming the challenges through strategic approach. Here, one of the steps, which I think
was crucial is that of responsibility allocation.