2017/18 Taught Postgraduate Module Catalogue

LUBS5890M Management Decision Making

15 creditsClass Size: 60

Module manager: Professor Alan Pearman
Email: A.D.Pearman@lubs.leeds.ac.uk

Taught: 1 May to 31 July View Timetable

Year running 2017/18

Pre-requisite qualifications

Non-EMBA students taking the module must meet the entry requirements for the EMBA.

Module replaces

LUBS 5867M

This module is not approved as an Elective

Module summary

Decision making is a key management function. Participants will obtain an understanding of the thinking processes that underlie their own and others’ judgement and decision making, the judgmental errors and decision biases that commonly arise, and strategies for improving decisions. They will also evaluate a number of approaches to structured decision aids.

Objectives

The objectives of this module are for students: 1) to obtain an understanding of the thinking processes that underlie their own and others’ judgement and decision making, the judgmental errors and decision biases that commonly arise, and strategies for improving decisions; and 2) to evaluate a number of approaches to structured decision aids.

Learning outcomes
Knowledge outcomes:

Upon completion of this module students will be able to critically evaluate:
- the thinking processes which underlie participants own and others’ judgement and decision making, including the distinction between System 1 and System 2 thinking
- different types of errors / biases in human judgement/decision making and ways in which these can be overcome
- the use of structured decision aids designed to improve the quality of human decision making and ways to implement them in management and other situations on the basis of experience gained on the module

Skills outcomes:

Upon completion of this module students will be able to:

Transferable:
- analyse and think critically
- communicate in writing at an advanced level
- make and influence decisions both individually and in groups
- effectively negotiate
- appraise, manage and communicate risk

Subject specific:
- Use decision making concepts and language to reflect upon and evaluate their own thinking/decision making processes and those of others around them

Syllabus

Indicative content:

Introduction to decision research, decision framing, prospect theory and the frame analysis worksheet; judgmental heuristics and biases and ways of de-biasing/improving judgement; risk perception and risk communication; structured approaches to decision aiding, decision trees, risk analysis, SMART and scenario planning.

Teaching methods

Delivery type	Number	Length hours	Student hours
Workshop	3	8.00	24.00
Private study hours			126.00
Total Contact hours			24.00
Total hours (100hr per 10 credits)			150.00

Private study

It will often be helpful to refer to one or more of the references recommended during the module delivery. Specific choice of references will vary, depending upon the focus chosen for the assignment.

Opportunities for Formative Feedback

Student progress is monitored by face-to-face discussion during the delivery of the module itself and subsequently through email exchange with the module leader and/or the module lecturer most closely associated with the issue of concern.

Formative feedback is available to all students through discussion of the group exercises undertaken during teaching sessions.

Methods of assessment

Coursework

Assessment type	Notes	% of formal assessment
Report	Individual assignment (5,000 words)	100.00
Total percentage (Assessment Coursework)		100.00

The rationale for the 5,000 words is that many of the assessment projects are company based and therefore extra space is required to allow students to set the context of the work undertaken as well as for the core academic argument of their assignment. The resit for this module will be 100% by coursework

Reading list

The reading list is available from the Library website

Last updated: 19/12/2017

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