This page is for the academic year 2021-22. The current handbook year is 2022-23No such Code for pgprog: N1K607No such Code for pgprog: N1K807
Department: Management and Marketing
Management Decision Making
||Not available in 2021/22
Excluded Combination of Modules
- to give students an in-depth understanding at an advanced level of the complexities of decision making, and how decisions can be improved by specialist techniques such as decision analysis and scenario thinking;
- to enable students to evaluate critically both the quality of management judgement and the assumptions underlying decision aiding techniques.
- How people choose between alternatives;
- Improving choice using multi-attribute value analysis techniques;
- Psychological pitfalls in choice such as overconfidence, escalation of commitment, and shift-to-risk in decision making;
- Decision analysis - methods and techniques for making decisions that involve uncertainties;
- Scenario planning â€“ the process of analysing possible future events by considering alternative possible outcomes;
- Scenario planning versus decision analysis â€“ creativity and the framing of decisions;
- Decision making in management teams - pitfalls and remedies;
- Decision architecture and other emerging techniques.
- By the end of this module, student should have:
- a specialist knowledge of how individuals and management teams make decisions and the potential pitfalls they face;
- a critical appreciation of the assumptions, implications, and limitations of decision analysis and other systems designed to support and aid judgement and decision making.
Written communication; planning, organising and time management; problem solving and analysis; using initiative; computer literacy (specialist software packages will be demonstrated and students will use them for assignments).
Modes of Teaching, Learning and Assessment and how these contribute to
the learning outcomes of the module
- Through a combination of lectures, seminars and guided reading addressing key topics in management decision making, students will acquire the advanced skills and knowledge to enable them to develop a thorough understanding of this specialist field of study.
- The summative assignment will test students' ability to apply the techniques they have learned to the analysis of a particular problem.
Teaching Methods and Learning Hours
|Preparation & Reading
||Component Weighting: 100%
||Length / duration
||2,500 words (maximum)
Pre-assigned questions for seminars; group presentations; case studies discussed in seminars.
■ Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University