Context: 

The first half of this subject focuses on the individual and the specific processes—cognitive  or otherwise—that individuals engage in when faced with a decision to make. Your task in  this first assessment is to reflect on those processes in the context of your own experience  and in accounts found in wider reading, and to identify and critique the specific models and  

frameworks available to you as a decision-maker.  

Instructions: 

Construct a reflective analytical report, founded on solid research of decision-making  methods, models, frameworks and taxonomies found both in the subject and in wider  scholarly reading you undertake.  

The report is to be limited to 3000 words, exclusive of formal document sections (i.e. title  page, executive summary, table of contents, references list, appendices, etc.), citations,  tables and graphs. Students should submit one file through Turnitin.  

There are a number of forms the report could take. The exact form the report will depend on the additional research the student will undertake; students should aim for the  demonstration of deep learning, founded on theory through thorough reading of scholarly  literature, rather than on getting any aspect of the brief 'right.'  

Students should commence this assignment early, keep regular backups and ensure they  submit the correct, final version. Students should use this brief as the instruction set for the  assignment requirements. Additionally, the rubric below can be used to describe what unacceptable, functional, proficient, advanced and exceptional assignments might look like according to the criteria in the leftmost column of each row.  

As this is a Masters level subject, students are expected to engage with high-quality  academic journal articles, using the Torrens University Library. Textbooks, Wikipedia and, in  general, anything that can be obtained through an open Google search page are considered  supplementary material, unbecoming of a postgraduate.

Executive Summary

Each decision that we encounter has its own challenges and it differs in the way we approach those. The most poignant question is how to avoid making bad decisions as everyone uses different approaches to resolve the problem. There are several approaches to determine whether the decision-making styles would ultimately lead to the expected results. In this reflective report, I have compared my decision-making style with that of the theoretical models discussed in the course. I have observed that inadvertent of the style I follow, it involves a decision-making process. Due to my professional requirement, I adopt both intuition-based and bound rationality decision making models. At times I have to be an individual decision-maker as well as contribute to group decision-making. Several factors such as heuristics and biases have a say on the decisions made. To become an effective manager, I have to improve my decision-making skills. Based on this reflection, I have determined to adopt a systemic approach in handling problems and deciding solutions.

Introduction

A person makes thousands of decisions in everyday life. Some are easy whereas some are complex and stressful or both. With the volume of decisions to be undertaken and its impact on outcomes, financial resources, time consumption and emotions of the parties involved, how one makes a decision becomes significant. This is one of the major reasons why I consider decision-making as top priority considering my nursing profession. In its simpler aspect, decision-making comprises of the selection of courses of action. On the wider perspective in terms of problem resolution, decision-making is the selection of probable solutions to an issue. A decision can be made intuitively or through a well-structured process or a combination of both. In this report, I evaluate the usefulness of a range of decision-making tools and reflect on my decision-making style with other styles and conclude on the levels of rationality and intuition in my decisions.

(Some parts of the solution has been blurred due to privacy protection policy)