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040115 KU Strategic Decision-Making (MA) (2018S)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work

Diese Lehrveranstaltung ist strikt für Studierende der SPL 4 kontingentiert.

http://strategy.univie.ac.at/students/

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 50 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

Please note that choosing our Minor/Major will entail costs based on external business case studies, for which license fees must be paid.
Please calculate the following:
Minor: ca. 35 EUR
Major: an additional approx. 35 EUR

Tuesday 08.05. 09:45 - 14:45 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
Friday 11.05. 13:15 - 18:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Tuesday 15.05. 09:45 - 14:45 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
Friday 18.05. 13:15 - 18:15 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Monday 28.05. 13:15 - 18:15 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock

Information

Aims, contents and method of the course

Business resolves around making decisions. Leaders, managers, and everybody else frequently need to make important decisions, often with very limited information and under considerable uncertainty. The purpose of the class is to familiarize students with normative and descriptive approaches to decision making and to enable them to analyze and understand the challenges of decision making in organizations. The course will consist of a mixture of lectures, decision making exercises and case studies. During the class we will talk about fundamental decision making concepts and then discuss them in the context of typical management decisions in organizations. We will focus in particular on the challenges for strategic decision making in organizations that are posed by uncertainty and the different approaches how decision makers can deal with them.

Introduce students to the analytic concepts necessary to understand and analyze management decision making in different contexts

Help students to understand and appreciate the crucial importance of randomness and luck in strategic decision making

Enable students to recognize (and name) predictable decision traps in their own decisions and decisions of others

Improve the ability of students to make decisions themselves

Assessment and permitted materials

Your final grade will be determined based on three components:

Class participation (max 20 points)

Group project (max 40 points)

Individual final paper (max 40 points)

Minimum requirements and assessment criteria

You need to achieve a total of at least 50 points in order to pass the class.

Please note that you will start working on the group project during our fourth session so it is essential that you attend this session. You will have 24h to complete the project (including class time).

The topic for the individual final paper will be given to you at the end of our last session and you will have 14 days to complete it.

Examination topics

Lectures, cases, class discussions
Language: The course is held in English

Reading list


Association in the course directory

Last modified: Mo 07.09.2020 15:28