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Durham University

Postgraduate Module Handbook 2021/2022

Archive Module Description

This page is for the academic year 2021-22. The current handbook year is 2022-23
No such Code for pgprog: N1KS17
No such Code for pgprog: N1KR17
No such Code for pgprog: N1N317
No such Code for pgprog: N1N417

Department: Management and Marketing

BUSI46O15: Scenario Thinking (TAUGHT)

Type Tied Level 4 Credits 15 Availability Not available in 2021/22
Tied to N1KS17
Tied to N1KR17
Tied to N1N317
Tied to N1N417

Prerequisites

  • None.

Corequisites

  • None.

Excluded Combination of Modules

  • Scenario Thinking (ONLINE)

Aims

  • To explore methods and approaches for anticipating the future
  • To understand and evaluate how human judgment is modelled in scenario method
  • To examine the strategic and operational implications of planning with scenarios

Content

  • The core “intuitive logics” scenario methodology
  • Modelling judgment: overcoming framing bias and overconfidence
  • Stakeholder analysis
  • Evaluating the performance of options against scenarios
  • Constructing a range of extreme futures
  • Diagnosing whether the organizational context is appropriate for a scenario-based intervention
  • Evaluating developed scenarios
  • Scenario thinking versus decision analysis as ways of making decisions in the face of uncertainty about the future

Learning Outcomes

Subject-specific Knowledge:
  • By the end of the module, students should have:
  • A critical understanding of the nature and principal concepts of scenario method
  • A grounded understanding of the “intuitive logics” scenario method and its augmentations.
  • A critical appreciation of decision making using scenarios
Subject-specific Skills:
  • By the end of the module, students should:
  • Be able to use the “intuitive logics” method to create scenarios
  • Be able to develop a range of more extreme scenarios using augmentation of the core “intuitive logics” method
  • Be able to analyse and evaluate decision options against scenarios
Key Skills:
  • Effective written communication skills
  • Planning, organising and time management skills
  • Problem solving and analytical skills
  • The ability to use initiative
  • Advanced skills in the interpretation of data
  • Advanced computer literacy skills

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

  • Learning outcomes will be met through a combination of taught input, groupwork, case studies and discussion, supported by guided reading and specially-written self-study material. 
  • The summative assessment of the module is designed to test the acquisition and articulation of knowledge and critical understanding, and skills of application and interpretation within the business context.

Teaching Methods and Learning Hours

Activity Number Frequency Duration Total/Hours
Workshops (a combination of taught input, groupwork, case studies and discussion), timetabled in blocks 28
Preparation and reading 122
Total 150

Summative Assessment

Component: Written Assignment Component Weighting: 100%
Element Length / duration Element Weighting Resit Opportunity
Individual written report on a decision analysis 4000 words 100% same

Formative Assessment:

Group-based discussions and case study exercises.


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