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Lecturer(s)
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Kubátová Jaroslava, doc. Ing. Ph.D.
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Course content
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Course topics: 1. Theory of managerial decision making 2. Identification and formulation of DP (DP - decision problem), situational analysis, decomposition of DP 3. Methods of finding the causes of DP 4. Multi-criteria decision-making - determination of criteria and their significance 5. Multi-criteria decision-making - proposals for RP solution options 6. Multi-criteria decision making - determining the consequences of implementing RP options 7. Multi-criteria decision-making - methods of selecting RP solution options 8. Implementation of the selected variant - planning and implementation of processes 9. Group decision making 10. Psychological limits of decision making 11. Cultural aspects of decision making 12. Ethics in managerial decision making
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Learning activities and teaching methods
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Lecture
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Learning outcomes
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The course focuses on managerial decision-making in the current economic, social, and technological conditions. The course contains the theory and practice of managerial decision-making and selected methods of decision-making. In addition to individual decision-making, group decision-making, including its risks, will be discussed. The manifestations and effects of psychological limits in managerial decision-making are also presented within the course. Cultural aspects of decision-making are addressed in regard to the globalization of the business environment. Ethical aspects of managerial decision-making are discussed not only as a separate topic but also in all other parts of the course.
The graduates can identify decision problems, and their causes, and make decisions about their solutions.
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Prerequisites
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There are no prerequisites for the course.
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Assessment methods and criteria
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Seminar Work
Participation in classes Seminar paper - solution of a specific decision-making problem and its presentation with discussion
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Recommended literature
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Bazerman. M.H., Moore, D.A. (2018). Judgment in Managerial Decision Making. (8th ed.), Wiley.
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Doumpos, M. et al. (Eds.). (2019). New Perspectives in Multiple Criteria Decision Making. Innovative Applications and Case Studies. Springer.
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Forrest, J.Y. et al. (2020). Managerial Decision Making. A Holistic Approach. Springer.
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Fotr J., S.vecova, L. a kol. (2016). Manažerské rozhodování: postupy, metody a nástroje. (3. vyd.), Ekopress.
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Chakrabarti, G., Chatterjea, T. (2020). Ethics and Deviationas in Decision-making. Palgrave Macmillan.
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