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The concept of managerial decision making in BUMGT5980 assessment answers comprises the process that aims for the identification of the problems, initiating the resolving process for the problems, enabling the effectiveness of the performances by increasing the efficiency of all kinds of business activities in the organization. This entire process is cognitive where the choices are made out of many kinds of options, which are needed to be based upon real information, experiences, knowledge and the beliefs of the decision-makers of the organization.
The main purpose of managerial decision making is to help the organization for the resource allocation for achieving more effectiveness and enabling them for the better optimization of the performance of the business. The certain steps which are included in the decision making process for organization are as follows:
Identification Of the problems
Seeking information for the clarification of the options
Brainstorming to find out the potential options
Weighing the potential alternatives
Choosing the correct alternatives
Implementation Of the plan
Evaluation of the outcome
For any kind of organization, there is a huge importance of managerial decision making for any kind of managerial activities within the operation of the organization. It can be observed that for any kind of managerial planning, each of the individuals have to decide on the matter , their goals as well as vision based on which their organization can have a long run with profitability and success. This managerial decision making helps the organizations and their managers to allocate the resources, mitigate the risks and decide for the future goals.
This BUMGT5980 assessment answers is associated with the university “Federation University” for delivering the right and proper concept of the managerial decision making and helps the students to have theoretical and practical knowledge which might help them to have better development of themselves for the decision making while being a part of an organization. BUMGT5980 assessment will be able to clear the concept about the managerial roles in an organization as well as decision making for the same.
The unit associated with BUMGT5980 assignment answers will be helpful to describe the knowledge as well as the skills that might be helpful for the individual to develop a standard while developing the managerial skills and each step of the decision makes process. In this way, the vast area of the managerial studies will be covered and the leadership skills will also be improved by the help of the study managerial decision making process.
However, the unit is also required for the students who have proper technical knowledge in order to understand the software as well for the proper decision making of certain areas. At the end of the unit, they will be able to apply the same learning in their respective fields and proper graduation will be marked based on those performances. Proper documentation, implementation and demonstration of the learning will be evaluated to observe their capabilities closely.
Location: Footscray Nicholson, Industry, werribee
Study level: Vocational and further education (TAFE)
Unit code: BUMGT5980
The entire BUMGT5980 assessment will be delivered to reinforce the knowledge and extend their skill as well as competencies under a set of controlled parameters to follow each of the learning outcomes from the unit code. This might include meeting each and every learning outcome along with the practical activities as well. The task will be designed in a proper way so that the outcome from the learning process can be effective for each and every head who will be contributing in the learning process.
After the completion of the entire BUMGT5980 task answers, the students will be highly expected to deliver some of the basic skills and competencies in order to understand how much they have learnt. The following will fall under this certain process such as: establishment of the documentation of the entire course and the studies that have been taught. Secondly, the students will be expected to deliver and demonstrate the learning through the help of the group discussion.
Entire BUMGT5980 solutions will be focusing on the enhancement of the ability to solve a problem and make proper decisions based on that problem solving. This is how the students will be able to understand about the decision making process and the art of managerial process in any kind of organization along with the importance of the same.
BUMGT5980 assessment answers will also include all sorts of group work. Interactive sessions, case study analysis and role playing for the better understanding how the managerial decision making actually works in an organization. By the help of specific tools and techniques the students will be able to illustrate the complexity of the managerial roles which will define the problems and will also guide the students for the decision making for the mitigation of the problems by the steps of: generation, evaluation and implementation of the problem solving. Lastly the coursework might help in guiding the students for the practical work which will be having the capabilities to apply all the techniques and theories in the practical session in their respective fields of courses.
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The main weightage of entire BUMGT5980 assessment answers is about 15 credit points which will include all theoretical and practical works. BUMGT5980 solutions will be segregated into marking criteria such as:
30% will be marked for the theoretical learning of the managerial decision making fir any kind of organization.
30% will be marked for the learning and applying the tools and techniques of the decision making process.
35% will be marked for the proper documentation of the entire session and the practical work based on the topic of the unit course.
Lastly, the 5% will be based on the performances of the individuals in their entire session.
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