What was the influence of the decision-making process on the outcome of a recent business decision?

  

Developa 350-word evaluation of a recent business decision in your work or desired career. Include the following:Discuss the influence the decision-making process had on the outcome.Evaluate the effectiveness of the process. What stages were most challenging and why?Createa “Decision-making Process” infographic in an appropriate format for the organization based on the action plan. This can be done using MicrosoftPowerPoint, MicrosoftPublisher, Word, or sites such as Glogsterand PiktoChart.Identifythe stages of the decision making process as it relates to your decision.
Decision-Making Process Evaluation &
Infographic Grading Guide
PHL/320 Version 5
Critical Thinking and Decision Making in Business
Copyright
Copyright 2016 by University of Phoenix. All rights reserved.
University of Phoenix is a registered trademark of Apollo Group, Inc. in the United States and/or other countries.
Decision-Making Process
Evaluation & Infographic Grading
Guide
PHL/320 Version 5
Microsoft, Windows, and Windows NT are registered trademarks of Microsoft Corporation in the United States and/or other countries. All
other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended
to imply endorsement, sponsorship, or affiliation.
Edited in accordance with University of Phoenix editorial standards and practices.
2
Decision-Making Process
Evaluation & Infographic Grading
Guide
PHL/320 Version 5
Individual Assignment: Decision-Making Process Evaluation & Infographic
Purpose of Assignment
The assignment for Week 4 gives students a chance to examine their own decision-making process as well as
use a creative method to illustrate the stages of the process. This gives students the opportunity to take their
real world, personal decision and relate it to their future work and careers.
Resources Required
NONE
Grading Guide
Content
Met
Partially
Met
Not Met
Total
Available
Total
Earned
7
#/7
Partially
Met
Not Met
Comments:
The student discussed the influence the
decision-making process had on the outcome.
The student evaluated the effectiveness of
the decision-making process and discussed
the stages they found most challenging and
the reasons why.
The paper is 350 words in length.
The student created a Decision-making
Process infographic in an appropriate format
for the organization based on the action plan.
This can be done using Microsoft
PowerPoint, Microsoft Publisher, Word, or
sites such as Glogster and PiktoChart
The student identified the stages of the
decision-making process as it related to their
decision.
Writing Guidelines
The paperincluding tables and graphs,
headings, title page, and reference pageis
consistent with APA formatting guidelines and
Met
Comments:
3
Decision-Making Process
Evaluation & Infographic Grading
Guide
PHL/320 Version 5
Writing Guidelines
Met
Partially
Met
Not Met
Total
Available
Total
Earned
3
#/3
10
#/10
meets course-level requirements.
Intellectual property is recognized with in-text
citations and a reference page.
Paragraph and sentence transitions are
present, logical, and maintain the flow
throughout the paper.
Sentences are complete, clear, and concise.
Rules of grammar and usage are followed
including spelling and punctuation.
Assignment Total
Additional comments:
#
Comments:
4

Introduction:
Making decisions is an integral part of any business, and a bad decision can negatively impact the company’s success. Businesses need to have a strategic plan in place to ensure the decision-making process is effective, efficient, and well informed. The purpose of this paper is to evaluate a recent business decision that has been made in the author’s work or desired career, discussing the influence the decision-making process had on the outcome.

Don't use plagiarized sources. Get Your Custom Essay on
What was the influence of the decision-making process on the outcome of a recent business decision?
Just from $13/Page
Order Essay

Description:
In this paper, the author will evaluate a recent business decision that has been made in their work or desired career. The paper will discuss the influence that the decision-making process had on the outcome and provide an evaluation of the effectiveness of the process. The stages of the decision-making process will also be identified and it will be determined which stages were most challenging and why.

In addition, the author will create a “Decision-making Process” infographic in an appropriate format for the organization based on the action plan. The infographic can be created using Microsoft PowerPoint, Microsoft Publisher, Word, or sites such as Glogster and PiktoChart. The identified stages of the decision-making process will relate to the author’s own decision and will be illustrated in the infographic.

The paper will adhere to APA formatting guidelines and demonstrate the author’s understanding of the decision-making process and how it relates to the business world. The final paper will provide insight into the author’s personal experience with the decision-making process in their career and show how they have learned from it.

Objectives:
– To evaluate a business decision made in the workplace or desired career
– To analyze the influence of decision-making process on the outcome
– To assess the effectiveness of the decision-making process
– To identify the stages of the decision-making process and their challenges
– To design a Decision-making Process infographic in an appropriate format for the organization

Learning Outcomes:
By the end of the assignment, the student will be able to:
– Apply critical thinking skills to examine a real-world business decision
– Analyze the impact of decision-making process on the outcome
– Evaluate the effectiveness of the decision-making process
– Identify the stages of the decision-making process and discuss the challenges faced
– Create a Decision-making Process infographic in an appropriate format for the organization

Heading 1: Introduction
– Explain the purpose of the assignment and what it entails

Heading 2: Discussion of Business Decision
– Identify and describe the business decision made in the workplace or desired career
– Describe the situation leading up to the decision and its impact on the organization

Heading 3: Influence of Decision-making Process on the outcome
– Analyze how the decision-making process influenced the outcome of the decision made
– Discuss how external and internal factors affected the outcome

Heading 4: Evaluation of Decision-making Process
– Evaluate the effectiveness of the decision-making process
– Describe the strengths and weaknesses of the process
– Identify and discuss the stages of the decision-making process that were most challenging and why

Heading 5: Infographic Design
– Explain the design of the Decision-making Process infographic
– Describe the tools and format used for the infographic

Heading 6: Identify Decision-making Process Stages
– Identify and discuss the stages of the decision-making process as they relate to the business decision made

Heading 7: Conclusion
– Summarize the main points of the evaluation and the Decision-making Process infographic
– Discuss the relevance of the assignment in relation to future work and career goals.

Solution 1:

Evaluation of a Recent Business Decision in the Tech Industry

In the tech industry, every decision made must be carefully thought out and calculated due to the fast-paced nature of the industry. The decision to invest in a new software product was made after thorough analysis of the market trends and customer needs. The decision-making process involved a team of professionals who were assigned the task of carrying out research, analyzing data and presenting insights. Additionally, the team members went through an evaluation process before being assigned the task to ensure they had the right skills and expertise.

The decision-making process had a tremendous influence on the outcome. It helped to ensure that the company made the right decision based on facts and data without relying on emotions or assumptions. The process was effective as it helped to identify the gaps in the current market and how the new software could help to fill those gaps. It also helped to identify the target audience for the software, which helped with the marketing and sales strategies. Overall, the decision-making process was instrumental in guaranteeing that the company made a smart business decision that would result in a high return on investment.

The most challenging stages of the decision-making process were the data analysis and evaluation stages. It is not easy to analyze data and draw insights from it, especially when dealing with large amounts of data. The team had to sift through a lot of information before arriving at conclusive findings. Additionally, the evaluation stage was challenging as it involved assessing team members’ skills and expertise. Finding the right people with the right skills was a daunting task, but it was essential to the success of the project.

Solution 2:

Evaluation of a Recent Business Decision in the Health Industry

A hospital recently decided to invest in new medical equipment to enhance its diagnostic capabilities. The decision-making process involved a team of professionals who were responsible for analyzing the current equipment, identifying the gaps and researching the market to find the best options. The decision-making process was effective as it helped to maintain a high standard of care for patients. The hospital was committed to providing the best possible treatment to patients, and the new equipment would enable them to do so.

The decision-making process was critical in helping the hospital make the right decision. The team was made up of professionals with different expertise, including doctors, administrators, and technicians, who provided different perspectives. The process helped to identify the most critical requirements for the new equipment and how it would integrate with the existing system. Additionally, the team evaluated the pros and cons of each option before making the final decision.

The most challenging stages of the decision-making process were the market research and evaluation stages. While there were many options in the market, finding the right one that fit the hospital’s needs was a daunting task. Also, evaluating each option to determine which was the best fit for the hospital required a lot of resources. However, the team was committed to the project, and through hard work and determination, they were able to identify the right equipment.

Suggested Resources/Books:

1. “The Art of Decision Making” by Abbie Griffin and John W. Keeney
2. “Thinking, Fast and Slow” by Daniel Kahneman
3. “The Decision Book: 50 Models for Strategic Thinking” by Mikael Krogerus and Roman Tschäppeler
4. “Smart Choices: A Practical Guide to Making Better Decisions” by John S. Hammond, Ralph L. Keeney, and Howard Raiffa
5. “Decision Making for Dummies” by Dawna Jones

Similar Asked Questions:

1. Can you discuss a time when you had to make a difficult business decision and what the outcome was?
2. How do you typically approach making a business decision? What steps do you take?
3. What factors do you consider when making a business decision?
4. What are some common challenges that arise during the decision-making process in a business setting?
5. Can you discuss a time when a decision you made had a particularly positive impact on your business or company? What factors contributed to that success?

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
× How can I help you?