Mgt602 Business | Reflection On Assessment Answers

Answer:

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 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 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).

(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).  

References

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.

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.