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 ENTREPRENEURIAL DECISION MAKING
Code ULMS713
Coordinator Dr SJ Nadin
Strategy, IB and Entrepreneurship
S.J.Nadin@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2021-22 Level 7 FHEQ Second Semester 15

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

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 6

 12

       6

6

 30
Timetable (if known) 60 mins X 1 totaling 6
  		120 mins X 1 totaling 12
  		      60 mins X 1 totaling 6
60 mins X 1 totaling 6
  		 
Private Study 120
TOTAL HOURS 150

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
Formative group presentation in week 4 of the module.  15 minutes    0       
Individual assignment There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When): Semester 2  -3000 words    100       

Aims

This module aims to provide students with an understanding of the cognitive and affective factors influencing decision-making and how cognition can be harnessed to stimulate creativity and innovation. In addition the module aims to provide students with an understanding of the factors influencing business risk and how risks can be managed and controlled. The module draws from the psychological literature to explore the variety of factors which influence entrepreneurial decision making throughout the lifecycle of the business, specifically focusing on: business start-up; creativity and innovation; risk management and conflict resolution.

Learning Outcomes

(LO1) Apply thinking techniques to effectively solve problems and innovate;

(LO2) Conduct risk assessment;

(LO3) Compile a business plan;

(LO4) Critically evaluate a business plan;

(LO5) Conduct effective group discussions;

(LO6) Apply the techniques of principled negotiation to managing conflict and negotiating.

(S1) Written communication skills. Developed by working on assignment.

(S2) Problem solving skills. Developed through practical exercises, case studies.

(S3) Ethical awareness. Developed mainly in lectures.

(S4) Commercial awareness. Developed in lectures and private study.

(S5) Research skills. Developed in lectures and private study.

(S6) Team working skills. Developed in case studies and role play.

(S7) Presentation skills. Developed through results of case study analysis.

(S8) Lifelong learning. Developed in lectures and classroom based work.

Teaching and Learning Strategies

Hybrid delivery, with social distancing on campus.

1 hour online asynchronous learning per week x 6 weeks
1 hour face-to-face synchronous lecture per week x 6 weeks
2 hour face-to-face seminar every week x 6 weeks
1 hour face-to-face peer-to-peer learning every week (unscheduled) x 6 weeks
Self-directed learning x 120 hours

Syllabus
 

Day 1: Introduction to the module. Personality factors, creativity and innovation;

Day 2: Problem solving and the psychology of risk;

Day 3: Compiling and evaluating the business plan;

Day 4: Group decision making, managing high performance teams;

Day 5: Escalation in decision-making;

Day 6: Negotiation and conflict resolution.

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