Managerial Decision Making Course - BUMGT 5980
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Added on 2019-09-26
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This course focuses on enhancing students' understanding of problem solving and decision making processes in management practice, from a critical perspective on managerial thinking and action as an art of practical wisdom and sound judgment. Coursework and research-based assessment may include interactive group work, role play, case studies and situational exercises where students apply analytical reasoning and adaptive-creative methods of decision making to successfully manage organizational problems.
Managerial Decision Making Course - BUMGT 5980
Added on 2019-09-26
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Course Description(Higher Education)School:Federation Business SchoolCourse Title:Managerial Decision MakingCourse Code:BUMGT 5980 Teaching Location: BrisbaneCredit Points:15 Semester, Year: 2019Prerequisite(s):Nil Corequisite(s):Nil Exclusion(s):Nil ASCED Code:080399 Program Level: CRICOS Provider No. 00103DPage 1 of 12This 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 Macagno Email Contact s.macagno@federation.edu.auOffice 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 details included in this document.For full details of programs and school procedures, please refer to the Federation Business School website.Students should be aware of University 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 in this course may include classes (lectures, tutorials or seminars), required reading, the preparation of answers to set questions, exercises and problems, and self-study. In addition, students may be required to complete an assignment, test or examination. The table below is an example of the suggested time allocations for this course.Workshop/seminars 3 hours per topic36 hoursReading2 hours per topic 24 hoursPreparation for and completion of online quizzes 2 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. 00103D Page 2 of 12
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 and assessment tasks. It is our experience that those students who do not attend class or carry out the associated activities are 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 the available marks per day. Requests for extension of time must be made with the lecturer concerned and based on Special Consideration guidelines http://policy.federation.edu.au/student_services_and_administration/enrolment/special_consideration/ch01.phpModeration of ResultsModeration refers to the practice of quality assurance of assessable tasks and marking carried out at any of the School’s Partner Providers’ locations. Moderationaddresses the interests of students, staff, the School’s partners and external stakeholders. 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 course of study; andStandards expected of, and achieved by, students are appropriate, reliable and comparable to good practice at the University and nationally.Standardisation of assessment may result in a student’s mark being amended. This is your guarantee that your results are 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 feedback through eVALUate, the University’s online student feedback system. eVALUate will be available to students during Weeks 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 support class participation. Students login to Moodle at https://moodle.federation.edu.au/login/index.phpGenerally, assessments are submitted online through Moodle. Should you need assistance, please use the available resources and support through the drop-down menus in Moodle. For assistance with submission, go to http://federation.edu.au/staff/learning-and-teaching/clipp/elearning-hub/moodle-lms/how-to/submit-an-assignmentPlagiarism:Plagiarism is the presentation of the expressed thought or work of another person as though it is one's own without properly 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) 6th version (2010)The link to the library website for more information is: FedUni Library - Referencing CRICOS Provider No. 00103D Page 3 of 12
Course Description (Higher Education)BUMGT 5980 Managerial Decision MakingLearning Outcomes:This course focuses on enhancing students' understanding of problem solving and decision making processes in management practice, from a critical perspective on managerial thinking and action as an art of practical wisdom and sound judgment. Coursework and research-based assessment may include interactive group work, role play, case studies and situational exercises where students apply analytical reasoning and adaptive-creative methods of decision making to successfully manage organisational problems. Specific tools and 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.K2 Identify implicit assumptions, constraints, and biases in problem solving and decision making.K3 Recognise and avoid errors in reasoning and decision-making.K4 Specify 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.SkillsS1 Critique and synthesise the literature relevant to a selected business or organisation to define problemsor identify decision-making situations.S2 Apply problem solving tools and methods to analyse patterns and relationships for developing solutions.S3 Identify and counter heuristic methods associated with flawed problem solving and decision making.S4 Devise and apply a process to improve employee decision-making.S5Prepare a written report to justify, interpret, and communicate problem-solutions to stakeholders.Application of knowledge and skills A1 Identify and evaluate problem contexts, explanations and alternative solutions in the work-place.A2 Illustrate theory to highlight why professionals may be unaware of their own biases in decision-making.A3 Plan and execute a substantial research-based project to improve decision making across relevant work-place scenarios.Course Content:Problem Solving:oIntroduction and identificationoSolution generation and evaluationoSolution implementationDecision Making:oIntroductionoOverconfidence oBiases and heuristicsoBounded awarenessoFraming and preference reversaloMotivations and emotionsoEscalating commitmentoFairness and equityoImproving decisionsCRICOS Provider No. 00103D Page 4 of 12
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