BC500 Business Decision Making and Problem Solving
DESCRIPTION
This unit focuses on complex problem solving and decision-making processes in business and management practice. It incorporates critical analysis of contemporary innovations, tools for assembling and utilising information to bolster decision making, and high-level problem-solving skills in management structures.
RELEVANT COURSES
Master of Agricultural Information Management
Master of Business Administration*
Graduate Diploma of Business Administration*
Graduate Certificate in Business Administration
Graduate Certificate in Management
*Core unit
CREDIT POINTS
10
DELIVERY MODE
On campus
PREREQUISITE OR CO-REQUISITE
BC400 Communication and Media Management
UNIT LEARNING OUTCOMES
LO1 Critically evaluate problems and situations to make effective decisions in a wide range of contexts
LO2 Compare and contrast the processes for making good and bad decisions and responding to their outcomes
LO3 Demonstrate advanced decision-making skills in a group/team environment
LO4 Critically analyse assumptions, constraints and biases in decision making situations
LO5 Provide detailed interpretation of how risk or the perception of risk influences decision situations and ethics in decision making situations
CONTENT
- The nature of business problems
- How people make decisions under various conditions
- Decision making under certainty and uncertainty
- Problem solving strategies: SMART and other alternatives
- Problem solving: Identifying and implementing solutions
- The role of reason in decision making
- Ethical decision making
- Identifying and managing risk
- Decision making in teams and groups
- Simulations and scenario planning
ASSESSMENT METHODS
- Reflective Journal – 20%
- Essay – 40%
- Group Project and Presentation – 40%
PRESCRIBED READINGS
Shannon, C. J. (2021). Collaborative problem solving: A guide to improving your workplace. London: Routledge.
Check with the lecturer each semester before purchasing any textbooks