logo

Decision Style Analysis - Assessment 1 - MGT602

   

Added on  2023-05-29

6 Pages1237 Words100 Views
MGT602
Decision Style Analysis
Student’s Name
Student’s ID:

1
ASSESSMENT 1
Introduction
The decision making process is that method which results from the choice of beliefs or a course
of activities among many alternative ways and possibilities. All the decision making methods
have the ultimate result, which might or might not prompt any action.
Main Context
Section 1 – Identification of Own Decisions Preferences
According to my decision making preferences, I have realized that I have the qualities of a
balanced decision making style. This style offers opportunities for higher and logical
contribution to the decision making process (Betsch, 2014). It also provides an opportunity for
better commitment while applying the decision after it has been taken. Another part of balanced
decision-making comes after reaching a conclusion. As a result, the ownership of the decision
making process is increased and prevents the unwanted or poor outcomes of my choices.
Intuition-Mean Value - 20
Logic-Mean Value -25
Balance-Mean Value – 35
This shows that balanced decision making style is the most appropriate style in the present world
of business.

2
ASSESSMENT 1
Section 2 - Keep a Decision Diary
I prefer acting on decisions that look right rather than those feel right as I have some methods
that are followed by me. It does not need to follow the exact logic of the decision making
process (Vohs et al., 2018). But I like to approach the decisions the same method each time,
instead of doing something different each time. The gut feelings tell to act instantly to avoid a
worse situation (Schapira et al., 2016).
I am always encouraged by others to be rational in my decision making process. In order to make
the output, some inputs are needed, and the methods have to be good. Rational thinking is the
capability to consider some particular variables of the circumstances and access, arrange and
analyze them to get some reliable data to reach the best conclusion.
I prefer to be objective in justifying my decisions to others as because I am not influenced by
personal emotions, viewpoints, interests, and partialities of others. The present situation of
information has led to a higher rate of emotional decision making. The minds of the persons are
more likely to work and as a result, the chances of emotional decision-making increases
(Govindan, Rajendran, Sarkis & Murugesan, 2015).
Section 3 – Identification of Own Type and Shadow Side
Own Type
According to the personality test, I have the decisive, creative, insight and motivation qualities to
make a great impact on the world. I have the capability to take strong measures to understand my
targets and make a long-lasting effect. This type of personality have a unique combination of
characteristics, they have strong views and fight determinedly in their believed concept, in spite
of being soft spoken. They are decisive and have strong will powers but seldom utilizes them for
their personal purposes (Spreng, Karlawish & Marson, 2016).
Shadow Type
I always try to maintain a balance through the ideal circumstance is not still possible. This type
of personality is likely to take active measures in the way of their targets, and if their routine
works get worst, they perceive that they have no target in their life and feel impatient and
disappointed (Shay & Lafata, 2015

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Decision Analysis: Identifying Individual Decision Preferences
|10
|1407
|190

Decision Style Analytics for Business Decision Making - MGT602
|9
|1605
|328

Reflection on Decision Style Analysis
|8
|1720
|236

Reflection on my decision making style
|5
|1320
|371

Decision Style Analysis for Improved Decision Making
|7
|1149
|106

Evaluation of Decision Making Style using Decision Style Instrument
|8
|1694
|84