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.
Course Content
A. Systems Theory B. Business Models C. Ethics and Law D. Corporate Strategies E. Analytical and Evaluation Tools (Qualitative, Quantitative) F. Cognitive Biases G. Organizational Behavior H. Change Process, Management I. Individual, Team, Organizational Decision-Making Processes
Student Outcomes
1. Evaluate complex business decisions using systems thinking, data analysis, and scenario planning to address uncertainty, trade-offs, and organizational
objectives.
2. Analyze global and digital business models to determine how strategy, culture, and innovation influence performance across diverse markets.
3. Apply ethical frameworks and legal reasoning to resolve strategic dilemmas and justify decisions in high-stakes business contexts.
4. Develop and justify a strategic decision-making process that accounts for time constraints, limited data, resource scarcity, and cognitive biases
Degree Outcomes
Program Outcomes
Creativity and Innovation: Maintain an open, adaptive, and innovative mindset to analyze andevaluate ideas, learn from mistakes, and continuously create value.
Critical Thinking: Use systems theory to understand and analyze trends and organizational problems as well as to construct and evaluate evidence-based solution options.
Critical, Creative, and Reflective Thinking: Graduates will evaluate, analyze, synthesize, and generate ideas; construct informed, meaningful, and justifiable conclusions; and process feelings, beliefs, biases, strengths, and weaknesses as they relate to their thinking, decisions, and creations.
Lecture Contact Hours 50
Lab Contact Hours 0
Clinical Contact Hours 0
Total Contact Hours 50
Potential Methods
The below instructional methods may be online or in-person: A. Class Discussions B. Exams and Quizzes C. Case Study D. Journal E. Peer Evaluation F. Inquiry/Project-Based Learning (Individual or Team-Based) G. Analytical Reports H. Presentations I. Simulations J. Business Research K. Concept Maps L. Games
Add to Portfolio (opens a new window)
|