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GSBS6001

Managing Under Uncertainty

10 Units 6000 Level Course

Available in 2013

Newcastle City Precinct Trimester 1, Trimester 2, Trimester 3
Sydney Bathurst Street Trimester 1, Trimester 2, Trimester 3
UoN Singapore Trimester 1, Trimester 2, Trimester 3
WebLearn GradSchool Trimester 1, Trimester 2, Trimester 3

Previously offered in 2012

Managing Under Uncertainty (MUU) develops introductory skills concerning managerial decision making. You will develop an understanding of decision making processes with a focus on critical judgment, analytical logical reasoning and creative problem solving. You will also be introduced to decision-making challenges and contexts that are faced by managers under incomplete information and bounded rationality.

Objectives By the end of the course, you should have a solid understanding of the main developments in the field of managerial decision making and be able to form an integrated and yet creative line of thinking in dealing with various managerial choices, some of which may be characterised by uncertainty and bounded rationality.

On successful completion of the course you will be able to:
1. Recognise and articulate various decision making perspectives and techniques.
2. Use relevant literature to construct and support a written argument.
3. Apply critical judgment, analytical and logical reasoning, strategic thinking, and creative problem solving skills to decision making.
4. Reflect upon one’s own managerial decision making and that of others.
Content This course includes but is not limited to the following:
• Nature of decision making
• Decision making processes
• Uncertainty and risk in decision making
• Personality and values in decision making
• Ethics and ethical practice in decision making
• Psychology of decision-making
• Sociology of decision making
• The social psychology of decision making
• Professional reflective practice
• Evaluation of decisions
Replacing Course(s) N/A
Transition N/A
Industrial Experience 0
Assumed Knowledge There is no assumed knowledge for this course.
Modes of Delivery Distance Learning : IT Based
Flexible Delivery / Student Centred Learning
Internal Mode
Teaching Methods Lecture
Tutorial
Assessment Items
Essays / Written Assignments Observation Review
Individual Case Study Analysis
Personal Case Study Reflection
Contact Hours Lecture: for 3 hour(s) per Week for Full Term
Timetables 2013 Course Timetables for GSBS6001