MGT602: Decision Making Analysis and Reflection Report

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This report presents a reflection on the student's decision-making preferences and styles, analyzing their approach to decision-making and identifying strengths and weaknesses. The report begins with an introduction outlining the importance of decision-making and documenting the student's personal preferences, including a reliance on intuition and a moderate level of reasoning. The analysis further explores decision-making styles through diary reflections, revealing a preference for acting on decisions perceived as right, a strong defense of decisions, and a tendency towards decisiveness. The report also includes an MBTI test analysis, highlighting the student's extraversion and confidence. The student identifies areas for improvement, such as balancing intuition with consideration for others and judging decisions. Recommendations include trusting intuition while avoiding overconfidence, balancing introversion and extroversion, considering the impact of decisions, and potentially involving others in the process. The conclusion summarizes the importance of the course in opening the student's eyes to the critical sense of decision making.
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Running head: reflection on my decision making
Reflection on my decision making
Student’s name
Institution name
Date
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Running head: reflection on my decision making
Table of Contents
Introduction.................................................................................................................................................3
My personal decision making preference....................................................................................................3
Analysis of decision making styles from my dairy on.................................................................................3
Outcome from MBTI test............................................................................................................................4
Strength and weakness................................................................................................................................5
How to improve decision.............................................................................................................................5
Recommendations.......................................................................................................................................6
Conclusion...................................................................................................................................................6
Reference.....................................................................................................................................................6
Appendixes..................................................................................................................................................8
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Running head: reflection on my decision making
Introduction
‘What you will be tomorrow will be a reflection of your today’s decision; the kind of a person
you will become in future will be as a result of what you decide today’. The above statement has
pierced almost every ear of a young person from the elderly associates. It’s truly a matter of
concern on what kind of decision we make today, their impact on day today life, that of others
and the entire community. The aim of writing this report was to document my preference in
making decisions, identify my strength and weakness in this field as I come up with proper
strategies to cope with my weakness.
My personal decision making preference.
After I was done with my personal decision making preferences I realized I need to trust my
guts all time round because once I say yes or otherwise then that is unquestionably correct and
right as per my stand, am a person of high of high intuition. I cannot rate my reasoning to the
extreme high side of the scale but at the same time am not on the lower side of the scale and I
can therefore rate myself in the medium part of the scale and can definitely say am logical in
terms of reasoning. Am also very considerate on how my decision affects others and try to
balance between my side and that of others.
Analysis of decision making styles from my dairy on.
On reflecting to my decision making preference styles from my dairy I realized that I have a
higher preference on acting to decisions that seems to be right rather than those that may feel to
be right to the people as I feel that it would otherwise lower myself esteem. Once I make a
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Running head: reflection on my decision making
decisions am very courageous and ready to defend it at any cost, any other decision from another
person contradicting my decision looks like a straight opposition whoever it is simply because I
have undisputable trust to my guts (Marttunen, Lienert, & Belton, 2017). From my dairy I
realized that what others decides or do, does not bother me on what to do next unless am
involved one on one especially when the person in question is my senior in terms of authority,
am not rational in decision making and instead am first in making decisions (Hanssen, May,
Dijk & Rød, 2018). After evaluating the matter in question and coming up with a decision that is
affecting others positively or negatively I don’t prioritize justification of my decisions to them I
believe what I say is right so it is. Emotions of happiness may lead to unachievable promises
while those of anger may lead to decisions that may bring about adverse effect, due to this
reasons I avoid making decisions when my emotions are too high, this helps me avoid decisions
that are outcome of my previous decisions.
Outcome from MBTI test.
Using the four scale MBTI test to identify my primary type of decision making I noted that am
a highly extravert person, am very confident to the kind of decisions I make, I have high
extraversion (Wu, Pap & Szakal, 2018).Also the scale shows that am a person of high all the
same this does not affect my decision making as I seemingly don’t care about what others
perceive my decisions (Greco, Figueira & Ehrgott, 2016). However I tend to believe that my
decisions are correct and how they are is the only way they should be and therefore I don’t have
much to feel about what I have decided. The test helped me realize that am one kind of a person
who makes a decision and perceive them in their original state without providing room for
change. During my decision making process am less in judgment, to me this helps me keep
focused to my decisions that would rather be affected by adversely by the judgments as they
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Running head: reflection on my decision making
would turn me emotional and incline the scale of my decision making towards the heavier side of
emotion and thus being bias (Marttunen, Lienert & Belton, 2017).
Strength and weakness.
Using the MBTI test results table I noted that I have not embraced the best form of decision
making creating a negative impact on the kind of decisions I make. Therefore this test helped me
to realize my weakness on decision making and identify the course of change I should take to
make a positive change and correct my previous mistakes. Simply I should not always feel to be
right and assume that other people don’t count, I need to be a less extravert as this will help me
consider others. On matters pertaining trusting my guts, I learnt that it’s not good to believe to be
the best all time round, being a person of medium intuition is better to create room for
corrections that may arise from poorly made decisions for incase of a decision made under
emotional influences. I also realized that it’s a healthy exercise to judge every decision I make to
ensure that it’s the best I can have. People or the community affected by a certain decision need
to be involved in the process of decision making, this make them feel appreciated and happy to
be part of the decision, however this has to be limited to some extent as it would result to living
other people life, that is other people will be deciding for you entirely and you will be feeling as
you are not part of the decision possibly because of that part that was contributed by another
person (Hardaker, Lien, Anderson & Huirne, 2015).
How to improve decision.
(a).Trust your guts in what you have decided.
(b) Put into consideration of other people even if they will not take part in the process.
(c) Never bother to justify yourself on your decision. Montgomery, Ogden & Boehmke (2018).
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Running head: reflection on my decision making
(d).Avoid being overconfident in this process.
Recommendations.
After definition of the problem and selecting the appropriate method of solution development,
it’s recommended to be intuitive but also avoid being overconfident on personal guts. There
should also exist a mutual balance between the level of your introversion and extroversion. It’s
also a healthy exercise to mind how your decision will affect other people but also maintain a
sensible purpose of the decision (Marttunen, Belton, Lienert,2018). Including a second or even a
third party in this process of appropriate solution finding is recommendable but their contribution
towards this should be of positive impact rather than where the person in question will feel as not
part of the solution. If you make a decision and you certify it be a correct version there is no need
to try justify it to people as it will more probably affect your phycology negatively.
Conclusion
To summarize it all, this course have wide opened my eyes on the critical sense of decision
making and not just hoping on ideas that one may thing are right. Also its good to avoid feeling
superior and no one can change your mind set on an idea, furthermore it’s also good to involve
other people in process o decision making, however they should not dominate the entire process
as the person in question may consequently lower your esteem knowing that the decisions they
are following were formulated by others (Ragsdale, 2014).
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Running head: reflection on my decision making
Reference
Greco, S., Figueira, J., & Ehrgott, M. (2016). Multiple criteria decision analysis. New York:
Springer.
Hanssen, F., May, R., van Dijk, J., & Rød, J. K. (2018). Spatial Multi-Criteria Decision Analysis
Tool Suite for Consensus-Based Siting of Renewable Energy Structures. Journal of
Environmental Assessment Policy and Management, 1840003.
Hardaker, J. B., Lien, G., Anderson, J. R., & Huirne, R. B. (2015). Coping with risk in
agriculture: applied decision analysis. CABI.
Marttunen, M., Belton, V., & Lienert, J. (2018). Are objectives hierarchy related biases observed
in practice? A meta-analysis of environmental and energy applications of Multi-Criteria
Decision Analysis. European Journal of Operational Research, 265(1), 178-194.
Marttunen, M., Lienert, J., & Belton, V. (2017). Structuring problems for Multi-Criteria Decision
Analysis in practice: A literature review of method combinations. European Journal of
Operational Research, 263(1), 1-17.
Montgomery, R. T., Ogden, J. A., & Boehmke, B. C. (2018). A quantified Kraljic portfolio
matrix: using decision analysis for strategic purchasing. Journal of Purchasing and
Supply Management, 24(3), 192-203.
Ragsdale, C. (2014). Spreadsheet modeling and decision analysis: A practical introduction to
business analytics. Nelson Education.
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Running head: reflection on my decision making
Wu, J. Z., Pap, E., & Szakal, A. (2018). Two kinds of explicit preference information oriented
capacity identification methods in the context of multicriteria decision
analysis. International Transactions in Operational Research, 25(3), 807-830.
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Running head: reflection on my decision making
Appendixes
Appendix 1
Understanding of the problem
Willingness to act
Approach to problem solving
Appendix 2
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