Managing Under Uncertainty
|Course code GSBS6001||Units 10||Level 6000||Faculty of Business and LawNewcastle Business School|
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.
Available in 2014
|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
|Assumed Knowledge||There is no assumed knowledge for this course.|
|Modes of Delivery||Distance Learning : IT Based|
Flexible Delivery / Student Centred Learning
|Contact Hours||Lecture: for 3 hour(s) per Week for Full Term|
|Timetables||2014 Course Timetables for GSBS6001|