Wk 3 Discussion 2 – Averting Risks in Optimization
In last week’s discussion, you shared your vision for an organization’s business optimization with classmates and identified challenges or concerns you were having. – ATTACHED
Now imagine that you and the organization stakeholders have executed your vision but things are not going well. In fact, your vision appears to be a failure. While it can be difficult and disheartening to take this perspective, in a real-world scenario there is significant value to this exercise:
You can “reverse-engineer” your vision to check for flaws or gaps in your thought process.
You can self-evaluate inadvertent assumptions.
You and your team can identify and anticipate issues long before potential problems arise.
Write a 250- to 300-word response to the following:
Describe 1-2 failures you imagine occurring after implementing your vision.
What are the reasons for the failure(s)? List at least 3 possible reasons. Provide a rationale for your response.
What assumptions have been revealed as a result of the failure(s)?
Review section 6.4, Figure 6.2, “The Zones of Decision Making” in Business Intelligence, Analytics, and Data Science. What is the uncertainty or condition(s) of risk associated with your assumptions?
Where relevant, include your own experience as well as 2 citations that align with or contradict your comments as sourced from peer-reviewed academic journals, industry publications, books, and/or other sources. Cite your sources using APA formatting. If you found information that contradicts your experience, explain why you agree or disagree with the information.