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Posted: April 20th, 2022
Data Evaluation for Decision Making (100 Points), management homework help
Question description
Successful, fact-based managerial decision-making depends, in part,
on identifying sources of relevant information that are suitable for
analysis. However, even with the most suitable information, bias can
compromise your decision-making process.
For this assignment, you will assume the role of a manager and
discuss how you would apply the “CRAP Test,” or other respected
evaluation technique(s) you will cite, to determine the suitability of
data from your IT system for use in making a key decision. In the event
you have not had such an experience, assume the role of a
big-ticket-item purchaser evaluating Open Data and other public data
sources to make your purchase decision.
Then consider how you would use the team you manage to assist you in
eliminating bias from that key decision. In the event you are evaluating
a big-ticket-item purchase, consider how you would use friends,
including those from social media, to help you eliminate decision-making
bias.
Develop a well-written and well-organized paper that includes the following elements:
Describe the key decision you must make and the kind of information you would need to perform your evaluation.
Discuss how you determined whether the information at hand for
decision-making was sufficient, in both quality and quantity. Which
tests did you apply and what were the results?
Discuss the biases present in your decision-making process. How did
your colleagues, subordinates, or friends participate in your
bias-elimination quest and what were the results?
Discuss the outcome of the evaluation and indicate the decision that you made.
You may write in the first person for this assignment, taking
the perspective of a manager. Your paper should meet the following
requirements:
Be 3-4 pages in length
Cite at least two academic sources from the CSU-Global Library databases
Be formatted according to the CSU-Global Guide to Writing and APA Requirements
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