Overview:
- Credits:
- 10.0
- Level:
- 4
- Semester:
- Autumn
- Subject:
- Business Management
- School:
- Business
- Coordinator:
- Mr Stephen Boyle
BMGT43660 Decision Making Strategies and Techniques
Academic Year 2023/2024
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.Show/hide contentOpenClose All
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 |
|---|---|
| Specified Learning Activities | 80 |
| Autonomous Student Learning | 108 |
| Lectures | 36 |
| Small Group | 1 |
| Total | 225 |
Requirements, Exclusions and Recommendations
Not applicable to this module.
Module Requisites and Incompatibles
Not applicable to this module.
Assessment Strategy
| Description | Timing | Component Scale | % of Final Grade | ||
|---|---|---|---|---|---|
| Examination: Examination | 2 hour End of Trimester Exam | No | Graded | No | 35 |
| Assignment: Assignment to be completed individually (not group work) | Varies over the Trimester | n/a | Graded | No | 25 |
| Assignment: Assignment to be completed individually (not group work) | Varies over the Trimester | n/a | Graded | No | 10 |
| Group Project: Group decision analysis project | Varies over the Trimester | n/a | Graded | No | 30 |
| 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.
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