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 - 2016 (Singapore) (UoN Singapore)
Trimester 1 - 2016 (WebLearn GradSchool)
Trimester 1 - 2016 (Newcastle City Precinct)
Trimester 1 - 2016 (Sydney Elizabeth Street)
Trimester 2 - 2016 (WebLearn GradSchool)
Trimester 2 - 2016 (Newcastle City Precinct)
Trimester 2 - 2016 (Sydney Elizabeth Street)
Trimester 3 - 2016 (WebLearn GradSchool)
Trimester 3 - 2016 (Newcastle City Precinct)
Trimester 3 - 2016 (Sydney Elizabeth Street)
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.

This course includes but is not limited to the following topics:

  1. Nature of decision making
  2. Decision making theories, models and processes
  3. Uncertainty, risk and high stakes 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 groups and decision making
  8. The social psychology of decision making
  9. The politics of decision making
  10. Evaluation of decisions
Assessment Items
  • Written Assignment: Observation Review
  • Written Assignment: Group Task and Individual Reflection
  • Formal Examination: Final Examination
Contact Hours
  • Workshop: for 3 hour(s) per Week for Full Term (The workshop will be an interactive workshop for the full trimester or equivalent online delivery.)
Timetable 2016 Course Timetables for GSBS6001
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