Business Decision-Making

This unit is available for these qualifications: 

• The Graduate Certificate in Business
• The Graduate Certificate in Entrepreneurship
• The Graduate Certificate in Leadership and Strategy
• The Graduate Certificate in Marketing Management
• The Graduate Certificate in Operational Excellence
• The Graduate Certificate in Project Management
• The Graduate Diploma in Management
• MBA+.

Unit Description

This unit explores the theories and principles of strategic decision-making, empowering you to analyse and overcome challenges with significant implications for success or failure, reputation and morale. You will develop your ability to reliably make thorough, insightful, effective, creative, and ethical decisions at a strategic and operational level that are in line with organisational resources and capabilities.

Prerequisites

To enter into this unit, students must first have completed:

• The Art of Leadership
• Managerial Finance
• Operational Improvement
• Marketing Management

Learning Outcomes

• Examine and suggest improvements to rational decision-making processes and assess the effectiveness of decision-making within an organisation
• Construct and apply appropriate rational, intuitive and creative approaches to decision-making
• Articulate the different forms of bias that can inhibit effective decision-making and ways that they may be overcome
• Apply a systems perspective to the development and implementation of business decisions within an organisation
• Develop a high order of skill in analysis, critical thinking, communication and professional application
• Demonstrate independent thinking and creativity in problem-solving and apply knowledge and skills to new situations

Graduate Attributes

AIM Business School has identified a set of attributes that positively impact graduates’ success in business as a manager and leader and these are taught, developed, and assessed to varying degrees in this unit. These Graduate Attributes are:

• Strives for intellectual rigour
• Understanding the changing global context
• Manages for success
• Demonstrates effective communication and interpersonal skills
• Develops mastery of business and management disciplines
• Strives to be a continuous adult learner

Assessment Tasks

The successful completion of Business Decision-Making relies on the submission of three assessments:

• Assessment Task 1: Report: Your organisation’s decision-making process (35%)
• Assessment Task 2: Report: Application of problem-solving and decision-making methods (50%)
• Assessment Task 3: Reflection Journal (15%)