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As CEO of my group i feel like I'm suppose to be making the important decisions for the team, or at least contribute in all decision making processes, as Hammond (1998) states "Decision-making is the executive's most important function". This is a very stressful situation, as the outcome of the simulation affects all of our grades, not just my own. This week Peter questioned many of the decisions that we were making and made us second guess our options and rethink our strategy. I believe this was ultimately for the best as taking a step back and assessing our work is a great way to make sure that were are going along the correct path, hut it did also make me question my decision making processes. If our strategies and decisions are not optimal it reflects badly of my decision making skills, as I am meant to be the executive and ultimately make these decisions. Obviously we are a team and the decision making of other members is important too, but it seems that if our decisions are miscalculated then it is kind of my responsibility to reassess and correct them. 

It was also pointed out by a team member that I tend to make rash and quick decisions. For example, a team member asked if there was budget to spent extra on a section. I asked him how much he needed, which he replied something like $300,000. I told him its fine as it wasn't that much money. This was without assessing the strategy or talking to the rest of the group to decide if it was the best choice of action. We went back and reassess this spending in the end but it would still have been a better choice to evaluate the decision when it was requested instead of having to do it again later. This is similar to what  Buchanan and O'Connel (2006) claimed "Corporations try to know as much as is humanly and technologically possible, deploying such modern techniques as derivatives, scenario planning, business forecasting, and real options." Instead of making fast decision, I need to asses the situation in depth so that I can mitigate the risks and make sure that is in the best interest of the business and the group.

4 Comments

  1. Please tag your learning journals with the appropriate labels. If you're not sure how to do that, here's a short video.

  2. Hi Shae,
    I liked how you started your journal by identifying a problem that was on your mind, and that you analyzed this problem further on, and following Daudelin's approach, you ended it with a plan / goal for the future. I think this will be helpful for you in the following weeks in order for you to reflect on how much you have improved in putting more thought into your decision making.
    I thought it was great that you brought some examples from the last week to illustrate your problems, it made it easier for me to understand what exactly you are going through. Also, I think it is good that you are taking the feedback that you get from your teammates and Peter into consideration when you are reflecting with your journal - as feedback from others can play a useful part in the reflection process.
    What I think could improve your journal is using the contents of the readings a little bit more in depth to analyze your problem and to help explain your future plans and goals based on the theories they present. Even though you did use some references, I feel like you could have used them in a way that added more value and depth to your reflection process. Also, probably by accident, but you forgot to add the list of references at the end of your journal.
    Regarding the quality of your writing, I think your text reads well and it is easy to follow.
    All in all, I thought this was a good journal. Good luck with your goals!
    Best,
    Regina

    1. Hi Regina Hejja , this is an example of very charitable and warm feedback and I can't help but smile when I read it. Your recommendation is a good one too as indeed this was an issue that Shae Fraser  could improve on.

      What I think you may have overlooked here is a recommendation sits at an even more fundamental level and as such would likely help with the issue of theory use too. What I'm talking about is Shae's use of the Daudelin framework.  Here I'm not sure I agree with you that Shae did follow it well. My recommendation to Shae would have been to follow this more closely because for me, the problem statement is not at all clear. There seem to be at least two problems here and both of them are highly intertwined with analysis, leading to an inevitable lack of clarity and analytical depth.

      Instead Shae Fraser , I would recommend stepping things back to the framework more explicitly next week and directly stating (just one) problem before moving to a more sustained analysis using theory in more depth. This will be much more likely to produce stronger analysis and therefore better reflective writing overall.


  3. Hi Shae,

    Your journal was easy to read and really interesting because I am also the CEO of my team. I can very well relate to your problem and I agree that it is needed that we take risks into account for every decision that we make and assess the situations in depth.

    I can see that you have identified the problem, then analysed it further with the situation that you had been through with your team. You also used the readings and frameworks to develop a plan to solve the issue for the future. However, You could break it down into paragraphs using Daudelin’s 4-step method in order to structure your journal in a way that is more effective to your learning and reflection. 

    I would also like to recommend that you analysis your theories in depth and explain how and why the theory would help you overcome the problem in the future.

    All the best!

    Allen