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Apr 15, 2024
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MNGT 410 Business Strategy and Decision-Making (5 credits)
Prerequisite At least a junior standing in a baccalaureate program, college-level math with 2.0 grade or better.
Course Description
Businesses face complex problems in our globalized, digital, and diverse world. Some have short-term implications, while others have long-term impacts. It is often difficult to ascertain the degree to which a decision today will determine outcomes long after the decision was made. This course uses systems theory as a framework through which business decisions and strategies are understood. Students will then learn to apply systems thinking and analytical tools to diagnose strategic positions from multiple vantage points, evaluate alternative courses of action, and make criteria-based decisions.
Student Outcomes
1. Use systems theory to analyze organizational decisions with multiple objectives and uncertainties.
2. Analyze business models and how these affect business functions.
3. Analyze ethical and legal problems within business situations, choose a resolution, and defend that ethical choice.
4. Analyze corporate strategies within global, digital, and cultural contexts.
5. Analyze and evaluate strategic objectives, evaluate trade-offs, uncertainties, and risks.
6. Evaluate business performance and choose high-value strategic options against known criteria.
7. Use mathematical and analytical tools to compute decision-making factors.
8. Explain the role of systematic cognitive biases and traps that operate on individuals and groups and adopt strategies to overcome them.
9. Create and evaluate a decision-making process to solve a problem that is difficult to solve due to lack of time or data, limited resources, or level of complexity.
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