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 3 - 2015 (WebLearn GradSchool)
Trimester 2 - 2015 (WebLearn GradSchool)
Trimester 1 - 2015 (WebLearn GradSchool)
Trimester 3 - 2015 (Sydney Elizabeth Street)
Trimester 2 - 2015 (Sydney Elizabeth Street)
Trimester 1 - 2015 (Sydney Elizabeth Street)
Trimester 3 - 2015 (Newcastle City Precinct)
Trimester 2 - 2015 (Newcastle City Precinct)
Trimester 1 - 2015 (Newcastle City Precinct)
Learning Outcomes

On successful completion of this course, students will be able to:

  1. Explain how human behavioural and social factors influence decision making in organisations.
  2. Use relevant sources to construct and support a written argument.
  3. Critically evaluate the limitations of rational decision-making process models applied in organisations.
  4. Demonstrate ability to reflect on own decision making in an organisational setting, as well as the decision making 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
Requisites
Replacing Course(s) This course replaces the following course(s): . Students who have successfully completed are not eligible to enrol in GSBS6001.
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.)
Timetable 2015 Course Timetables for GSBS6001
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