MNGT 4711 - Decision Analysis

Course Description

Students focus on the development, implementation, and utilization of business models for making informed managerial decisions. Topics include an introduction to decision making; problem definition and opportunity delineation; compiling relevant information; generating ideas; evaluating and prioritizing potential solutions; financial forecasting; and developing the implementation plan.

Learning outcomes

• Distinguish between the processes of decision-making.
• Identify the true problems rather than the symptoms.
• Determine and authenticate relevant information.
• Use divergent thinking to generate ideas.
• Use convergent thinking to select the best solution or actualize the opportunity.
• Develop financial forecasting for your solution.
• Develop an implementation plan.

Course topics

• Module 1: Introduction to Decision Making
• Module 2: Problem Definition/Opportunity Delineation
• Module 3: Compiling Relevant Information
• Module 4: Generating Ideas
• Module 5: Evaluating and Prioritizing Potential Solutions
• Module 6: Financial Forecasting
• Module 7: Developing the Implementation Plan

Required text and materials

There is no required textbook for this course.

Additional requirements

A computer with Internet access is required.

Assessments

In order to successfully complete this course, students must obtain at least 50% overall. Students taking this course and applying it towards an Advanced Certificate or Advanced Diploma in Management must obtain a minimum 70% average in the course overall.

Prerequisites

Recommended Requisites: ECON 2331-Economic and Business Statistics 2, MNGT 3731-Leadership, ACCT 2251-Management Accounting