BMGT43660 Decision Making Strategies and Techniques

Academic Year 2021/2022

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.

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Curricular information is subject to change

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 Type Hours
Lectures

36

Small Group

1

Specified Learning Activities

80

Autonomous Student Learning

108

Total

225

Requirements, Exclusions and Recommendations

Not applicable to this module.


Module Requisites and Incompatibles
Not applicable to this module.
 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Examination: Examination 2 hour End of Trimester Exam No Graded No

35

Assignment: Multiple assignments to be completed individually (not group work) Varies over the Trimester n/a Graded No

35

Group Project: Group decision analysis project Varies over the Trimester n/a Graded No

30


Carry forward of passed components
Yes
 
Resit In Terminal Exam
Summer Yes - 2 Hour
Feedback Strategy/Strategies

• Group/class feedback, post-assessment

How will my Feedback be Delivered?

Not yet recorded.

Autumn
     
Lecture Offering 1 Week(s) - 8, 9 Mon 10:00 - 12:50
Lecture Offering 1 Week(s) - 3 Mon 14:00 - 16:50
Lecture Offering 1 Week(s) - 1, 2, 4, 5, 6, 8, 10, 11, 12 Wed 11:00 - 13:50
Autumn
     

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