Australia Institute - Leadership: Bounce Fitness Decision Making Task

This practical assignment focuses on decision-making for Bounce Fitness, addressing key aspects such as sufficient information, recommendations for the CEO and Board of Directors, risk management plans, and the use of quantitative methods. The student outlines specific recommendations, including training, information system implementation, modern technology integration, and improved communication strategies. The assignment also details risk management strategies, quantitative methods like trends analysis, linear programming, and profitability, and consultation processes. Furthermore, it ensures that recommendations align with organizational objectives and values. The student references credible sources to support their analysis and recommendations, providing a comprehensive overview of the decision-making process within the context of Bounce Fitness.

Manage Knowledge and Information Skills Australia Institute
Task 4 – Practical: Making the Decision
Task 4 requires you to make decisions. On your own paper, address the following
points to ensure you have all the necessary information:
4a Do you have enough information to make valid, credible and reliable
recommendations to the CEO and Board of Directors? How do you know that you
have sufficient information and that it is valid and reliable? Document your
recommendations – one must relate to the use of an information system to capture
future information relevant to this project.
I have enough information to make valid, credible, and reliable recommendations to the CEO
and board of directors. I know that I have sufficient information and that the information is
valid and reliable as I have obtained the information from the company website and have
done thorough research from credible sources to supplement the information that I already
have. Some important recommendations which should be implemented in this company are:
Training all the untrained or unqualified trainers afresh for them to meet the required
standards.
Implementing a new and a more efficient information system that will help in capturing and
storage of the current and future information.
Incorporating the modern technology and other modern fitness strategies in the organization
to enhance the quality of its services.
Coming with better and more effective communication strategies in the organization.
4b What risk management plans have you put into place to determine acceptable
courses of action?
I have some clear, well-outlined, and efficient risk management plans that I’ll put in place to
determine the acceptable courses of action. These plans involve doing a prior assessment to
identify all the possible risks which the organization can face and having clear solutions
which will be used if the organization faces these risks (Kliem & Ludin, 2019).
4c What quantitative methods did you use to assist your decision making?
The quantitative methods I used to assist in the decision-making process are trends analysis,
linear programming, and profitability. These methods helped me to understand the current
performance of the organization and its recent performance trends, and thus come up with
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well-informed decisions which can help to improve the performance for the organization to
enjoy more profits in the future (Anderson et al., 2015).
4d With who would you consult when making decisions about information to use?
When making the decisions about the information to use, I would consult the CEO, the board
of directors, and other main stakeholders of the company who understand the company and
its requirements well. Having being the leaders of this organization, they will advise me
accordingly and will help me to make critical decisions which will be of great benefit to the
organization.
4e How have you ensured that any decisions taken on information use are
within the appropriate authority of the decision maker?
I have ensured that the decisions taken on information use are within the appropriate
authority of the decision maker by making sure I made the decisions after consulting the main
stakeholders and the main controllers of the company.
4f Explain how your recommendations are in line with the organisational
objectives, values and standards of Bounce Fitness?
My recommendations are in line with the organisational objectives, values and standards of
Bounce Fitness as they will all help to improve the overall performance of the organization
which is the main objective of the organization.
To ensure your recommendations are completed in a timely fashion; this assessment
MUST be completed and submitted within the timeline advised by your Assessor.
If you are completing your Assessment on an activity in your own business, you must
provide copies of all related documents and ensure that it is of sufficient scope for
your Assessor to assess.
Print and include any documents you use from the Bounce Fitness website or supply
them from your organisation and reference any other information for your Assessor.
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References
Anderson, D. R., Sweeney, D. J., Williams, T. A., Camm, J. D., & Cochran, J. J. (2015). An
introduction to management science: quantitative approaches to decision making.
Cengage learning.
Kliem, R. L., & Ludin, I. S. (2019). Reducing project risk. London: Routledge.
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