The American University BBA 3826 Managerial Decision Making

Investigates the theory of decision making, including the process of rational decision making and the various problems associated with making rational decisions. Ethics and fairness in decision making are highlighted as well as the various ways to improve decision making, both as an individual and as a member of a group.

Learning outcomes

• Summarize the foundations of managerial decision-making.
• Examine the rational decision-making process.
• Explore the psychological aspects of decision-making.
• Evaluate the role of fairness and ethics in managerial decision-making.
• Consider how motivation and emotion impact managerial decision-making.
• Outline the decision-analysis approach to negotiations.
• Discuss the methods for improving managerial decision-making.
• Summarize best practices for managerial decision-making.

Prerequisites

None