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Course Description

This course is designed to improve decision-making skills and will examine the process of decision-making, taking into account complexity, risk and outcomes, and the impact of decisions on people, the community and the organization. The course also considers the role of rationality/non-rationality in decision-making and examine how uncertainty and ambiguity may influence managerial perceptions of choices and risks. 

Learning Outcomes

By the end of this course, you should be able to: 

1.    Apply the rational decision model 

2.    Recognize cognitive biases in yourself and others

3.    Recognize your own unique individual decision tendencies 

4.    Use strategies to “debias” your and others’ judgment 

5.    Discuss the nature of judgments and decision-making in fostering individual, group, and organizational success 

Course Topics

  • Overconfidence
  • Cognitive biases
  • Risk/reward, framing, mental accounting
  • Assessing and managing risk
  • Decisions over time, emotion and self-regulation
  • Groups/teams
  • Cooperation and coordination
  • Evidence and persuasion
  • Prediction
  • Improving decision-making

Additional Requirements

Prerequisites:  MGMT*3140, MGMT*3200 

Assessment

Assessment Item Weight
3 reflections 60%
Essay 40%
Total 100%
 

 

Technical Requirements

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*Course details are subject to change.

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Section Title
Management Decision-Making
Type
Online
Dates
September 05, 2024 to November 29, 2024
Contact Hours
36.0
Delivery Options
Online  
Course Fee(s)
Domestic Tuition Fee (0.5 units) $683.39 Click here to get more information
Domestic Tuition Fee - Non-Ontario (0.5 units) $745.75 Click here to get more information
International Tuition Fee (0.5 units) $3,379.57 Click here to get more information
Section Fees
Virginia L. Gray Memorial Bursary Donation $5.00 Optional
Open Learning Bursary $5.00 Optional
Available for Credit
0.5 units
Reading List / Textbook
You may purchase your course textbook, or other required/supplementary reading and learning materials, from the University of Guelph Bookstore or the Guelph Campus Co-op Bookstore, or from another third-party seller. 
Section Notes
Note:  If you are in a degree program at the University of Guelph, please DO NOT register using the link above.  You must register through WebAdvisor.
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