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MBA8002 Making Decisions Strategically

Units : 1
Faculty or Section : Faculty of Business, Education, Law and Arts
School or Department : School of Business
Student contribution band : Band 4
Grading basis : Graded
Version produced : 24 May 2022

Requisites

Pre-requisite: Students must be enrolled in one of the following Programs: MBAL or GDBA or GCBA
Co-requisite: MBA8001

Overview

Approaching decision-making strategically is critical to achieving sustainable business performance. This involves recognition of how the decision stimulus triggers different types of decisions, impacts timing and the decision-making process needed. Your leadership identity, the dynamics of organisations, integrity of evidence and the factors that influence decision-making also influence how you make decisions. Success relies on being strategic about what evidence to consider and how this aligns with the organisation’s purpose and goals. Strategic approaches to decision-making also include accounting for the consequences of those decisions on the various functions and stakeholders of the organisation.

This course will explore what it means to approach decision-making strategically and how your leadership identity will influence this. You will analyse various approaches to decision-making to determine the approach most suited for the stimulus, type and context of the decision being made. You will critically analyse the various factors that influence decision-making in an organisational context. You will examine the various forms of evidence that can inform decision-making as well as ways of validating, interrogating and integrating that evidence to ensure you make sound and intentional decisions. The concept of wicked problems will be introduced to highlight the challenges faced by senior leaders when making decisions. You will also explore the ways to measure the impact and consequences of your decision making.

Date printed 24 May 2022