Essay on Analytics Decision Making Assignment Two

Submitted By 4lovejoy
Words: 1697
Pages: 7
Open Document
ANALYTICAL DECISION MAKING Page 1.

Analytical Decision Making
Assignment One
November 3, 2012

ANALYTICAL DECISION MAKING Page 2.
What data can you offer to support the proposition that people often make decisions without having gathered evidence to support those decisions?
There are no right or wrong decisions in research, only more or less defensible ones.
Ways of "Knowing"
There are five basic ways of knowing, or of gaining knowledge
1. Tenacity: We continue to do a certain thing a certain way because it has always been done in that particular way, tradition
2. Authority: Authority figures, or experts, make assertions which we accept because we trust them and the statements they make
3. A Priori: We believe certain things and accept them as true because they are self-evident; intuition; rationalism
4. Magic: Supernatural intervention
5. Science: Based on empiricism, science is descriptive, not prescriptive. We must rely on the first four ways of knowing as well as science, to gain knowledge about the world
Scientific Knowledge Is Not Necessarily Truth
There are four fundamental reasons (and many other reasons) that the empirical approach of science does not equate with the Truth: Sensory Data:
1. We rely on sensory data (sight, smell, touch, hearing, tasting) to provide us with an accurate reflection of reality, but we can never be sure that the reflection is accurate because we cannot be sure that our senses are reliable (Descartes' Devil)
2. Logical Positivism: This is (was) the major philosophy (epistemology) underlying the scientific method in physics, chemistry, astronomy, psychology, etc. It was developed in the 1920's by a group of mathematicians, philosophers and scientists called the Vienna Circle. It states that meaningful statements about the world are only those that can be proven to be true or false through observation (or logic in the case of mathematical statements, e.g. 2+2=4). However, particularly in the social sciences, but also in the physical sciences we violate these rules. Three cases in point: A. We seeks Universal Laws or Truths; these can never be proven true because it would take an infinite number of observations to do so. B. We study hypothetical constructs such as attitudes, beliefs, values which are not observable. C. A mathematician named Godel showed that all logical systems are flawed -- they cannot be both consistent and complete.

ANALYTICAL DECISION MAKING Page 3.
3. Life Span of Scientific Theory: All scientific theories change over time and sooner or later are replaced by better ones. Scientific theories and the nature of science are constantly changing, and if science is in constant flux, we cannot say with certainty that its answers are absolute. Someone once said that what we know is whatever theories are in vogue at any given time.
4. Observability: Science requires that a theory be tested through observable evidence. Particularly in the case of historical phenomena, evidence may have been destroyed or otherwise unavailable. Explanations without available evidence are discounted even though they might be otherwise tenable. The debate about the fate of dinosaurs is a case in point.
Humanistic/Interpretivist Approach
Interpretivist
Teleological: humans seek to fulfill their needs
Humans act of their own volition, choose their own behavior
Humans interact with their environment, not react to it
Researchers look for rules that govern behavior as opposed to laws that determine behavior
Instead of seeking to explain what is "out there” in the world, humanistic scholars are interested in how humans interpret what's "out there"
"Johnny ran down the hill because he wanted to" as opposed to the S-R explanation that he did so because of reward history.
Critical Approach
Conflict theory; continental philosophy; cultural studies; Marxism
Relies on proactive research, value laden
Attempts to
Show More

Related Documents: Essay on Analytics Decision Making Assignment Two

Business Analytics Research Essay

Business Analytics Research Christina Noll BSA/310 November 10, 2014 Instructor: Marsha Devine Business Analytics Research What is business analytics? Business analytics is the practice of interactive, methodical exploration of an organization’s data with emphasis on statistical analysis. Business analytics is used by companies committed to data-driven decision making. (Rouse, n.d.) Many businesses use business analytics to make more informed business decisions, as well as to optimize…

Words 330 - Pages 2

Core Knowledge Research Paper

Core Knowledge Written Assignment Alyssa Steiner Indiana University Northwest AHSC-H370: Informatics Kathleen Walsh Free, MSN, RN-C, APRN-BC April 15, 2024. Thesis: Core Knowledge Written Assignment The healthcare field is a broad field which entails a variety of disciplines related to maintaining as well as improving the health of humans. That said, the industry is bound to face issues in regard to its functions and processes. The issues I have selected to discuss their importance are the…

Words 1381 - Pages 6

Myers Briggs Type Indicator Self-Assessment

For this assignment, I completed the Myers Briggs Type Indicator (MBTI) self-assessment to determine our profile. Self-evaluation helps us understand more about ourselves and how we interact with others in our profession and creates self-awareness. The test helps determine our behavior and how we respond and act in certain situations according to our personality traits. We are aligned with people with similar traits to ourselves. It also measures our interpersonal skills and identifies what drives…

Words 1207 - Pages 5

Ent 101 Business Foundations: Case Study

In contrast to the two previous cases we analyzed throughout the semester, there was no case study which detailed the issued which was to be resolved. Rather, we were to read a series of recently published articles about the company, determine key symptoms and issues, and…

Words 982 - Pages 4

Chapter 2 Questions. Identify and Discuss the Major Types of Information Systems Essay

Assignment #1. Chapter 2 Questions MBA: 1) Identify and discuss the major types of information systems that serve the main management groups within a business. What are the relationships among these systems? Main management groups within a business are operational management (employees, staff), middle management and senior, top-management. Accordingly there are three major types of information systems – transaction processing system (TPS), management information systems (MIS) and decision-support…

Words 927 - Pages 4

Strategic Management Assignment

Assignment Cover Sheet Please complete all of the following details and then make this sheet the first page of each file of your assignment, do not send it as a separate document. Student Information | | Student Full Name: Nick Richmond | Student ID: 21737075 | Email: nirich@orcon.net.nz | Location: Auckland, NZ | | | | Unit/Assignment Information | | Unit Name: Strategic Management | Unit Code: MNG00716 | Tutor Name: Wiremu Manaia | Assignment Due Date: 21/06/2013…

Words 3266 - Pages 14

Explain Three Ways E-Commerce Can Provide Services For Its Customers

e-commerce can provide services for its customers. Three ways e-commerce can provide services for its customers. In this week’s written assignment I’m going to describe three ways e-commerce can provide services for its customers and to provide three examples of each. To further entail other requirements, this paper is aimed to be two pages in length, double-spaced in Times New Roman font which is no greater than 12 points in size and lastly include a reference list. In the contemporary…

Words 899 - Pages 4

ACC6201 Syllabus Summer12015 Session 1 Essay

NORTHEASTERN UNIVERSITY GRADUATE SCHOOL OF BUSINESS ADMINISTRATION Summer 1 —2015 ACCT 6201: Financial Reporting & Managerial Decision-Making 2 Main Campus -- 430 DG - Monday 5:20 – 7;20 pm Faculty: Prof. Christina Williams Office Hours: By appt Brandeis University Class Meetings: Wednesday 5:20 – 7:2 Waltham, MA 02139 Email: c.williams@neu.edu Text and Case Studies: Fundamentals of Managerial Accounting, 7th edition (McGraw Hill Education CREATE Textbook), 2014…

Words 2984 - Pages 12

Requirements Analysis Essay

University of Limerick Deciding which requirements really matter is a difficult task and one increasingly demanded because of time and budget constraints. The authors developed a cost–value approach for prioritizing requirements and applied it to two commercial projects. IEEE SOFTWARE D eveloping software systems that meet stakeholders’ needs and expectations is the ultimate goal of any software provider seeking a competitive edge. To achieve this, you must effectively and accurately manage…

Words 5086 - Pages 21

Critical Review of "It's Not Luck" Essay

Introduction to Business Strategy and its Operations Strategy 3 3. Levels of Strategy 4 4. Executive Summary of It's Not Luck 6 5. Principles of Operations Strategy 7 6. Conclusion 9 7. References 10 1. Preface The content of this assignment constitutes my understanding and interpretation of the book "It's Not Luck" authored by Dr. Eliyahu M. Goldratt. I have endeavoured to provide a critical review of the book and its application to the business…

Words 3298 - Pages 14