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
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.
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