ULMS Electronic Module Catalogue
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title DECISION MAKING WITH RISK AND UNCERTAINTY
Code KDBA304
Coordinator Dr M Sarma
Strategy, IB and Entrepreneurship
Meera.Sarma@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2020-21 Level 8 FHEQ Whole Session 30

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):
KDBA300 THE DOCTORAL PRACTITIONER 

Modules for which this module is a pre-requisite:
 

Programme(s) (including Year of Study) to which this module is available on a required basis:
 

Programme(s) (including Year of Study) to which this module is available on an optional basis:
 

Teaching Schedule
  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours           200

 200
Timetable (if known)              
Private Study 100
TOTAL HOURS 300

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
             
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Class Discussion Question There is a resit opportunity. Standard UoL penalty applies for late submission. This is not an anonymous assessment. Assessment Schedule (When) :Weekly apart from wks   Whole Session    10       
Learning Team Participation There is a resit opportunity. Standard UoL penalty applies for late submission. This is not an anonymous assessment. Assessment Schedule (When) :Weeks 1-9  Whole Session    25       
Assessment 3 There is a resit opportunity. Standard UoL penalty applies for late submission. This is not an anonymous assessment. Assessment Schedule (When) :Weeks 2,4,6 & 8  Whole Session    10       
Problematizing Write-up There is a resit opportunity. Standard UoL penalty applies for late submission. This is not an anonymous assessment. Assessment Schedule (When) :Week 5  Whole Session    10       
Critical Literature Review There is a resit opportunity. Standard UoL penalty applies for late submission. This is not an anonymous assessment. Assessment Schedule (When) :Week 3  Whole Session    10       
Critical Action Learning Final Report There is a resit opportunity. Standard UoL penalty applies for late submission. This is not an anonymous assessment. Assessment Schedule (When) :Week 10  Whole Session    35       

Aims

Compare and contrast the roles of rational vs. intuitive thinking in decision making in general and understand the limits of both approaches:-

Characterise the fundamental problem of uncertainty in decision making;

Assess the impact of personality, perceptual, and emotional styles on decision making;

Devise strategies for managing and improving group decision making including enhancing group creative thinking;

Apply the principles of critical action learning and action research to individual and organisational decision making.

Learning Outcomes

(LO1) Compare & contrast the roles of rational vs. intuitive thinking in decision making in general and within the context of a Cognitive Continuum Theory;

(LO2) Characterize the fundamental problem of uncertainty in decision making particularly as related to decision tasks and the concept of the task continuum;

(LO3) Assess the impact of personality perceptual and emotional styles on decision making;

(LO4) Devise strategies for managing and improving group decision making including enhacing group creative thinking;

(LO5) Apply the principles of critical action learning and action research to individual and organisational decision making.

(S1) Numeracy;

(S2) Teamwork;

(S3) Communication skills;

(S4) Problem solving skills;

(S5) IT skills;

(S6) Time Management.

Teaching and Learning Strategies

Teaching Method 1 - Virtual Classroom hours (for online modules)
Description: Virtual classroom hours (for online modules)

Syllabus
 

The syllabus includes:-

Rationality and expertise: intuition vs. experience;

Decision tasks and the fundamental problem of uncertainty;

Managerial thinking: personality, perceptual, and emotional aspects;

Managerial thinking: creativity and problem solving;

Managerial decision making: group and participative approaches;

Managerial decision making: conflict and negotiation;

Decision making and the application of critical action learning.

Recommended Texts
Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.