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BMGT43660

Academic Year 2024/2025

Decision Making Strategies and Techniques (BMGT43660)

Subject:
Business Management
College:
Business
School:
Business
Level:
4 (Masters)
Credits:
10
Module Coordinator:
Mr Stephen Boyle
Trimester:
Autumn
Mode of Delivery:
On Campus
Internship Module:
No
How will I be graded?
Letter grades

Curricular information is subject to change.

The course concentrates on Decision Analysis and associated topics such as risk analysis and the role of judgement in decision-making, with the aim of providing insight into how one can structure complex decisions. It also goes beyond decision structuring to look at aspects of decision-making in practice, such as group decision-making. Effective managerial decision making requires an ability to identify and use relevant data, so that decisions have a quantitative as well as a qualitative foundation. Good decision makers and problem analysts also need to understand the impact of human behaviour and psychology on decision making.

About this Module

Learning Outcomes:

On completion of this course, students should be able to:
· Structure complex decisions into a manageable model of the problem
· Identify and test the key assumptions underlying a decision
· Apply a range of analytical decision-making tools to business cases and real-world problems
· Identify the behavioural traps that can jeopardise effective decision making
· Appraise the strengths and weaknesses of different quantitative and qualitative approaches to decision making and apply effective decision making strategies on the basis of this appraisal.

Student Effort Hours:
Student Effort Type Hours
Specified Learning Activities

80
Autonomous Student Learning

108
Lectures

36
Small Group

1
Total

225

Approaches to Teaching and Learning:
Lectures etc

Requirements, Exclusions and Recommendations

Not applicable to this module.


Module Requisites and Incompatibles
Not applicable to this module.
 

Assessment Strategy
Description Timing Component Scale Must Pass Component % of Final Grade In Module Component Repeat Offered
Reflective Assignment: This assignment is a multi-part learning journal. Week 11 Graded No
25
 No
Group Work Assignment: Group DA Presentation Week 7 Graded No
5
 No
Individual Project: Decision Analysis Assignment 1 Week 5 Graded No
15
 No
Group Work Assignment: Group DA Final Report Week 9 Graded No
20
 No
Exam (In-person): End of trimester in-person exam End of trimester
Duration:
2 hr(s)
 Graded No
35
 No

Carry forward of passed components
Yes
 

Resit In Terminal Exam
Spring Yes - 2 Hour
Please see Student Jargon Buster for more information about remediation types and timing. 

Feedback Strategy/Strategies

• Group/class feedback, post-assessment

How will my Feedback be Delivered?

Not yet recorded.

Timetabling information is displayed only for guidance purposes, relates to the current Academic Year only and is subject to change.
Autumn Lecture Offering 1 Week(s) - 5, 7 Mon 14:00 - 16:50
Autumn Lecture Offering 1 Week(s) - 1, 2, 3, 5, 6, 8, 9, 11, 12 Wed 09:00 - 11:50
Autumn Lecture Offering 1 Week(s) - 10 Wed 09:00 - 12:50
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