GSBS6001

Managing Under Uncertainty

10 Units

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.

Faculty Faculty of Business and Law
School Newcastle Business School
Availability Trimester 1 - 2015 (WebLearn GradSchool)
Trimester 1 - 2015 (Newcastle City Precinct)
Trimester 1 - 2015 (Sydney Bathurst Street)
Trimester 2 - 2015 (WebLearn GradSchool)
Trimester 2 - 2015 (Newcastle City Precinct)
Trimester 2 - 2015 (Sydney Bathurst Street)
Trimester 3 - 2015 (WebLearn GradSchool)
Trimester 3 - 2015 (Newcastle City Precinct)
Trimester 3 - 2015 (Sydney Bathurst Street)
Learning Outcomes

On successful completion of this course, students 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 topics:

  1. Nature of decision making
  2. Decision making processes
  3. Uncertainty and risk in decision making
  4. Personality and values in decision making
  5. Ethics and ethical practice in decision making
  6. Psychology of decision-making
  7. Sociology of decision making
  8. The social psychology of decision making
  9. Professional reflective practice
  10. Evaluation of decisions
Assessment Items
  • Written Assignment: Observation Review
  • Case Study / Problem Based Learning: Individual Case Study Analysis
  • Case Study / Problem Based Learning: Personal Case Study Reflection
Contact Hours
  • Lecture: for 3 hour(s) per Week for Full Term (Internal Mode and Flexible Delivery: 36 hours of lectures for Full Trimester/Block Online: Online workshops and discussion forums as per course requirements for Full Trimester.)
Course Materials
  • Managing Under Uncertainty
Timetable 2015 Course Timetables for GSBS6001

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