Course Overview

Course Title: Business Decision Making (Diploma/Associate Degree)
Credit Points: 12
Nominal Hours:
Course Coordinator: Maurice Sheridan
Course Coordinator Phone:
Course Coordinator Email: maurice.sheridan@rmit.edu.au
Course Summary

Advances in information technology have provided organisations access to vast amounts of data. A fundamental challenge facing organisations is how to best make use of this data. At the same time, business decisions are often undertaken with incomplete information or under conditions of uncertainty and ambiguity.
This multidisciplinary course will enable you to understand how data can be harnessed to inform managerial decision making. You will be shown how managers can identify, obtain and analyse both financial and non-financial data in order to make more informed business decisions. You will be introduced to data-driven decision making through the application and interpretation of analytical techniques and models in the context of real-world problems, as well as how the results of data analysis can be communicated effectively to facilitate organisational decision making.
You will then examine how a range of psychological, cognitive and social factors, including certain biases, can impact the decision making of business managers. Recognising the impact of these psychological factors and understanding the importance of being adaptable in your own thinking will support you in making informed business decisions wherever your career takes you.
This course incorporates the development of graduate skills for business professionals, including communication, problem solving and data analysis skills.

Full Course Information
View detailed overview on Course Guide