Course Description (Higher Education).

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Course Description(Higher Education)School:Federation Business SchoolCourse Title:Managerial Decision MakingCourse Code:BUMGT 5980Teaching Location:BrisbaneCredit Points:15Semester, Year:2019Prerequisite(s):NilCorequisite(s):NilExclusion(s):NilASCED Code:080399Program Level:CRICOS Provider No. 00103DPage1of12This course description complies with the course outline authorised by Curriculum Committee.Level of course inProgramAQF Level(s) of Program5678910IntroductoryIntermediateAdvanced
Course Description (Higher Education)BUMGT 5980 Managerial Decision MakingOrganisation:StaffLecturer DetailsTutor Details(if relevant)Name Salvador MacagnoEmail Location & CampusBrisbanePhone ContactConsultation HoursPrescribed TextsThis course will be conducted on the presumption that students have copies of:Wood, R., Cogin, J. & Beckmann, J. (2009).Managerial Problem Solving: Frameworks, Tools,Techniques. North Ryde: McGraw Hill, Australia.Bazerman, M. H. & Moore, D. A. (2013).Judgment in Managerial Decision Making(8th ed). Hoboken,NJ: John Wiley & Sons.Student ResponsibilityIt is the responsibility of every student to be aware of the requirements for this course, and understand the specific detailsincluded in this document.For full details of programs and school procedures, please refer to theFederation Business School website.Students should be aware ofUniversity policy and procedures, particularly:Special Consideration process and formsSubmission of tasks and assignmentsGrading codesAppeal processUnsatisfactory progress - Early InterventionIt is emphasised that this course requires a significant commitment outside of formal class contact. The learning tasks inthis course may include classes (lectures, tutorials or seminars), required reading, the preparation of answers to setquestions, exercises and problems, and self-study. In addition, students may be required to complete an assignment, testor examination.The table below is an example of the suggested time allocations for this course.Workshop/seminars3 hours per topic36 hoursReading2 hours per topic24 hoursPreparation for and completion of online quizzes2 hours per topic24 hoursPreparation of assignments66 hoursTOTAL150 hoursMode of deliveryThis course may be offered in class supplemented with the course website or wholly through online learning.CRICOS Provider No. 00103DPage2of12
Course Description (Higher Education)BUMGT 5980 Managerial Decision MakingAttendance and Participation for in class studentsIt is in students’ interest to make every effort to attend all the classes for this course and to complete all preparatory andassessment tasks. It is our experience that those students who do not attend class or carry out the associated activitiesare more likely to do poorly or to fail the course completely.Late SubmissionAssessment tasks submitted after the due date, without prior approval/arrangement, will be penalised at 10% of theavailable marks per day. Requests for extension of time must be made with the lecturer concerned and based on SpecialConsideration guidelines of ResultsModeration refers to the practice of quality assurance of assessable tasks and marking carried out at any of the School’sPartner Providers’ locations.Moderationaddresses the interests of students, staff, the School’s partners and externalstakeholders. Moderation seeks to ensure that:Good practice in assessment is being applied consistently across the institution and its programs;Student performance is being properly, fairly and consistently judged for all students undertaking the same courseof study; andStandards expected of, and achieved by, students are appropriate, reliable and comparable to good practice at theUniversity and nationally.Standardisation of assessment may result in a student’s mark being amended. This is your guarantee that your resultsare comparable to Federation University results in all locations.Course EvaluationWe welcome feedback as one way to keep improving this course. Students are encouraged to provide course feedbackthrougheVALUate,the University’s online student feedback system.eVALUate will be available to students duringWeeks 10 and 11 by the Student Survey dashboard system using FedUni student user names and passwords.MoodleMoodle is used to host course resources for all courses. Students can download lecture and tutorial notes to supportclass participation. Students login to Moodle at, assessments are submitted online through Moodle. Should you need assistance, please use the availableresources and support through the drop-down menus in Moodle. For assistance with submission, go to is thepresentationof the expressed thought or work of another person as though it is one's own withoutproperly acknowledging that person.Students must not allow other students to copy their work and must take care to safeguard against this happening. Incases of copying, normally all students involved will be penalised equally; an exception will be if the student candemonstrate the work is their own and they took reasonable care to safeguard against copying.Plagiarism is a serious offence. Please refer to the following documents:Statute 6.1: Student DisciplineRegulation 6.1: Student DisciplineRegulation 6.1.1: PlagiarismAdopted Reference Style:Australian Psychological Association (APA) 6thversion (2010)The link to the library website for more information is:FedUni Library - ReferencingCRICOS Provider No. 00103DPage3of12
Course Description (Higher Education)BUMGT 5980 Managerial Decision MakingLearning Outcomes:This course focuses on enhancing students' understanding of problem solving and decision making processesin management practice, from a critical perspective on managerial thinking and action as an art of practicalwisdom and sound judgment. Coursework and research-based assessment may include interactive groupwork, role play, case studies and situational exercises where students apply analytical reasoning andadaptive-creative methods of decision making to successfully manage organisational problems. Specific toolsand techniques are used to illustrate the complexity of managers' roles in defining problems; generating,evaluating and implementing solutions; balancing rationality and intuition; and making group decisions.KnowledgeK1Define the rational problem solving process and distinguish among problem-types.K2Identify implicit assumptions, constraints, and biases in problem solving and decision making.K3Recognise and avoid errors in reasoning and decision-making.K4Specify a process to ensure astute and ethically-sound decisions.K5Compare and contrast the strengths, weaknesses and requirements of various research techniquesapplicable to managerial decision making.SkillsS1Critique and synthesise the literature relevant to a selected business or organisationto define problemsor identify decision-making situations.S2Apply problem solving tools and methods to analyse patterns and relationships for developingsolutions.S3Identify and counter heuristic methods associated with flawed problem solving and decision making.S4Devise and apply a process to improve employee decision-making.S5Prepare a written report tojustify, interpret, and communicate problem-solutions to stakeholders.Application of knowledge and skillsA1Identify and evaluate problem contexts, explanations and alternative solutions in the work-place.A2Illustrate theory to highlight why professionals may be unaware of their own biases in decision-making.A3Plan and execute a substantial research-based project to improve decision making across relevantwork-place scenarios.Course Content:Problem Solving:oIntroduction and identificationoSolution generation and evaluationoSolution implementationDecision Making:oIntroductionoOverconfidenceoBiases and heuristicsoBounded awarenessoFraming and preference reversaloMotivations and emotionsoEscalating commitmentoFairness and equityoImproving decisionsCRICOS Provider No. 00103DPage4of12
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