Decision analysis techniques
Topic: Decision analysis techniques
This assignment requires you to write a 1500 word report answering the following question/s:
Due to recent signs of recovery JLR (Jaguar Land Rover) is considering expanding to one of these countries: Brazil, Russia, or Canada
After gathering information from data bases, journals, websites, case studies, and textbooks apply decision- making techniques to decide which country is chosen by JLR.
You should communicate your decision-making process to senior management and explain the rationale of your decision. Clearly state any assumptions you have made.
LO1. Identify and select sources of data and information relevant to the decision making process
LO2. Analyse and present information to support global decision making
LO3. Communicate results of information analysis and decision making
LO4. Comprehend the range of tools and techniques available as support for managerial global decision making.
You should take the role as a consultant making decisions for the justification and presentation to senior management.
This is a hypothetical scenario – therefore you need to use the tools, techniques and analytical skills taught.
In order to secure a mark in this range, a candidate must submit an outstanding answer that could hardly be bettered. In addition to the criteria identified below for a mark between 70-85%, an answer scoring a mark of 85-100% would show an excellent level of understanding and critical/analytic skills and originality. For example, such an answer would include new insights and opportunities into JLR’s e-commerce activities such as online retailing and consumer behavior considering social space and e-business operations which are not drawn from the literature but from the student’s own critical thinking, and which add something to the existing literature.
As for the decision making part, an answer in this range will have a thorough analysis of the decision making process. It will clearly justify and document every step in the decision making process. It will demonstrate how the relevant data is collected, will clearly cite the data sources and will remain factual. It may as well have sensitivity analysis embedded in the answer.