Business Decision Analysis MGT2010
- Academic Session: 2021-22
- School: Adam Smith Business School
- Credits: 10
- Level: Level 2 (SCQF level 8)
- Typically Offered: Semester 2
- Available to Visiting Students: Yes
- Available to Erasmus Students: Yes
MGT2010, Business Decision Analysis, is one of four 10-credit courses which comprise level 2 study in Business and Management. Students will complete all four courses (40 credits in total) in order to progress to further study in Business and Management subject to achieving entry requirements.
Business Decision Analysis is directed at students in their second year who already have a basic knowledge from MGT1023 Principles of Management. The course introduces the qualitative and quantitative techniques needed to obtain, analyse, and summarise data about an organisation's external and internal environment. The course explores how such information can be used and interpreted to support evidence-based decision making.
Lectures -Thursday and Friday (14.00-15.00) (2 x 1hr lectures x 10 weeks)
Tutorials: 1 x 1hr tutorials x 5 weeks
Tutorials are held at various times and can be selected on MyCampus.
Intended Learning Outcomes
Main Assessment In: December
To develop an understanding of the types and uses of data for decision making in organisations based on the knowledge and skills acquired in MGT 1023. The course provides an overview of how qualitative and quantitative data can inform organisational decision-making. Key questions explored on the course are:
1. What is the Business Environment and what kinds of decisions do managers need to take for organisations to thrive?
2. What are the sources and types of data that managers typically use?
3. How do organisations manage the risk and uncertainty that exist because of the limitations of data and information?
The course also begins to raise key questions that underpin the core Junior Honours course on strategic management. As such, throughout the course, we consider why management decisions concerning long term organisational survival are complex.
Intended Learning Outcomes of Course
By the end of this course students will be able to:
1. Recognise a business problem in context, and identify the scope of the inquiry required to manage it.
2. Select data sources and identify potentially useful data.
3. Evaluate the feasibility and plausibility of alternative methods of inquiry.
4. Formulate decision making objectives and list potential actions to address them.
5. Select and explain different decision making tools both qualitative and qualitative.
6. Apply data analysis to solve business problems.
7. Evaluate and assess the process of data collection, analyses and reporting.
8. Demonstrate engagement in learning and work-based activities.
Minimum Requirement for Award of Credits
Students must submit at least 75% by weight of the components (including examinations) of the course's summative assessment.