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49001 Judgment And Decision Making

tag 0 Download6 Pages / 1,454 Words

Question:

Upon successful completion of this subject students should be able to:
1. Show a well developed awareness of management behaviour, the structure of organisations and the waydecisions are made.
2. Explain the particular difficulties many technical people experience when faced with managerial decision-making
3. Analyse and propose solutions to typical managerial problems/opportunities using rational, analytical decision modelling.
4. Communicate and explain the dichotomies of decision-making in the presence of hazards and risk.
5. Demonstrate a knowledge of the psychology of judgment and the nature of individual decision-making and be able to explain the critical importance of psychological factors, personal values and social norms.
6. Recognise the advantages and drawbacks of group decision-making and be able to effectively manage individual decisions in their domain of expertise as well as more broad ranging group decisions.
7. Exhibit a sound knowledge of key current thinking regarding the sociology of strategic decisions.
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