MB 505 - Knowledge-Based Decision Making

Synthesizes systems thinking, statistical thinking and psychology into a system of knowledge that will improve the quality of decisions. Using the framework of the Plan-Do-Study-Act cycle, this course examines the overall process of decision-making (both individual and group) and provides guidance in the approach to problem definition, data/information gathering, analysis & interpretation, and selecting a course of action.

Prerequisites & Notes
MB520, MB530, MB641, MB650

Assignment Overview
Assignments: 10 Week Course

Interactivity: Discussion Board

Final Assessment: None

Course Learning Objectives
Upon completion of the course, you should be able to do the following:

Formulate a decision-making process that will improve your leadership effectiveness.
Effectively plan for the collection of meaningful data/information.
Think statistically and apply the theory of variation in developing knowledge.
Avoid the common pitfalls and traps in choosing among alternatives.
Formulate and evaluate a personal ethical-decision-making framework.
Use the power of a group in making a sound decision.
Continually improve your decision making.

Credits: 3

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