Nov 10, 2024  
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2024-2025 Online Catalog
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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.

Assignment Overview
  • Assignments: Varied throughout the term
  • Interactivity: Discussion Boards
  • Final Assessment: Final Project


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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