BBUS502 Student Handbook 2013 14 VR T
Module Information
Module Aims:
This module aims to provide a practical introduction to decision-making concepts and techniques that may be encountered in a variety of business organisations and to the role of managers as central actors in the process. It is intended to engender an appreciation of the complexity of decision making and the impact of risk and uncertainty on managerial decisions. The module will demonstrate how to identify, formulate and apply solutions to common business problems, which often requires a choice between different courses of action. It will also illustrate how spreadsheet packages, like Excel, can be used to model and solve decision problems in an effective way.
Learning Outcomes:
After successfully completing this module students will be able to:
Conceptualise the essential components of common business problems of varying complexity and specify and formulate appropriate managerial solutions.
Select and apply appropriate quantitative and qualitative techniques in the framing, analysis, solution and interpretation of short-term and long-term business decisions.
Demonstrate understanding of the difficulties that imperfect information, risk and uncertainty impose upon decision-makers and determine how these difficulties may best be mitigated, using appropriate risk management techniques.
Articulate the differences between individual and group decision making and problem solving behaviour, and apply appropriate decision making and implementation skills;
Evaluate how information management can effectively support the decision making process.
Module Leaders:
Dr Vincent Rich (VR), Room C416, Marylebone
Telephone: 0207 911 5000 x66599 Email: richv@wmin.ac.uk
Dr Tantawy Moussa (TM), Room C388, Marylebone
Telephone: 0207 911 5000 x66804 Email: t.moussa1@westminster.ac.uk
Facebook group:
We have created a group on Facebook to build a closer relationship with our students and enhance individual students ' engagement with their
Module Aims:
This module aims to provide a practical introduction to decision-making concepts and techniques that may be encountered in a variety of business organisations and to the role of managers as central actors in the process. It is intended to engender an appreciation of the complexity of decision making and the impact of risk and uncertainty on managerial decisions. The module will demonstrate how to identify, formulate and apply solutions to common business problems, which often requires a choice between different courses of action. It will also illustrate how spreadsheet packages, like Excel, can be used to model and solve decision problems in an effective way.
Learning Outcomes:
After successfully completing this module students will be able to:
Conceptualise the essential components of common business problems of varying complexity and specify and formulate appropriate managerial solutions.
Select and apply appropriate quantitative and qualitative techniques in the framing, analysis, solution and interpretation of short-term and long-term business decisions.
Demonstrate understanding of the difficulties that imperfect information, risk and uncertainty impose upon decision-makers and determine how these difficulties may best be mitigated, using appropriate risk management techniques.
Articulate the differences between individual and group decision making and problem solving behaviour, and apply appropriate decision making and implementation skills;
Evaluate how information management can effectively support the decision making process.
Module Leaders:
Dr Vincent Rich (VR), Room C416, Marylebone
Telephone: 0207 911 5000 x66599 Email: richv@wmin.ac.uk
Dr Tantawy Moussa (TM), Room C388, Marylebone
Telephone: 0207 911 5000 x66804 Email: t.moussa1@westminster.ac.uk
Facebook group:
We have created a group on Facebook to build a closer relationship with our students and enhance individual students ' engagement with their
Links: Core reading: Rich, Moorjani & Moussa (R, M & M), Chapter 1 (Chapter 9 from Fundamentals of Management, by Smith, 2011)