5CO02 Evidence Based Practice Assignment – UK.

This module discusses the importance of incorporating qualitative and quantitative informational evidence in the decision-making process. The module focuses on the two concepts of incorporating ethical considerations into the analysis of information and quantifying individual actions to create value.

Practice based on evidence aims to achieve the best possible results. It requires both the ability to critically think and the study of evidence. A more evidence-based approach can lead to better results for businesses. A method based on evidence will produce a neutral outcome, much better than relying solely on the opinions or assumptions of managers. This could lead to poor decisions.

According to an article published by the Center for Evidence-Based Management, all employees at all levels must use the most reliable evidence when making decisions. It is considered morally right to make decisions based on evidence. Evidence-based practices use various models, such as the rational model, to help in making decisions. All other models are measured against rational models. The model relies on a methodical and rational approach to making decisions.

Business environments can be classified as either general or specific. The macro-environment or general includes the economic, cultural, and legal-political situations in the region where the company operates. The micro-environment is the specific environment that includes the owners of the organization, their market, industry standards, as well as distributors, suppliers, competitors, and authorities.

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This module will help you to understand the methods, principles and tools which are evidence-based, as well as their application for evaluating such issues as setbacks and opportunities. The module focuses on the analysis and strategies required to evaluate the advantages, disadvantages and effectiveness of people's strategies. It also outlines the importance of critical thinking and how ethical theories can influence decisions. Each ethical system has its own advantages and disadvantages.