Creative Decision Making G (11500.1)
Please note these are the 2023 details for this unit
| Available teaching periods | Delivery mode | Location |
|---|---|---|
| View teaching periods | Flexible |
UC - Canberra, Bruce |
| EFTSL | Credit points | Faculty |
| 0.125 | 3 | Faculty Of Business, Government & Law |
| Discipline | Study level | HECS Bands |
| Canberra Business School | Graduate Level | Band 4 2021 (Commenced After 1 Jan 2021) Band 4 2021 (Commenced After 1 Jan Social Work_Exclude 0905) Band 5 2021 (Commenced Before 1 Jan 2021) |
Perhaps the most critical decision in creative work is deciding what to make. In this unit, we draw on 100 years of Hollywood practice and recent work in experimental finance and economics to analyse and synthesise information from stakeholders and how to incorporate financial and non-financial information in a range of creative business decisions.
Students explore processes of decision-making in organisations. Factors influencing and constraining decision-making are examined, including uncertainty, optionality and incompleteness. Students are introduced to the emerging literature on 'wisdom-of-crowds' and the importance of diversity in decision-making. A case study of the Hollywood 'greenlight' system is presented. Students map a decision-making process in an organisation and design a 'wise' decision-making process.
1. Evaluate the factors that influence decision-making, map and analyse organisation decision-making processes, and evaluate the quality of decision making;
2. Examine and critique emerging literature on the 'wisdom-of-crowds' in order to develop a "Green-Light" decision model;
3. Synthesise and critically analyse financial information to support business decision making in a variety of contexts; and
4. Apply cost classifications, cost behaviour and cost benefit analysis to a range of business decision, including resource allocation and budgeting.
1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
Students explore processes of decision-making in organisations. Factors influencing and constraining decision-making are examined, including uncertainty, optionality and incompleteness. Students are introduced to the emerging literature on 'wisdom-of-crowds' and the importance of diversity in decision-making. A case study of the Hollywood 'greenlight' system is presented. Students map a decision-making process in an organisation and design a 'wise' decision-making process.
Learning outcomes
On completion of this unit, student will be able to:1. Evaluate the factors that influence decision-making, map and analyse organisation decision-making processes, and evaluate the quality of decision making;
2. Examine and critique emerging literature on the 'wisdom-of-crowds' in order to develop a "Green-Light" decision model;
3. Synthesise and critically analyse financial information to support business decision making in a variety of contexts; and
4. Apply cost classifications, cost behaviour and cost benefit analysis to a range of business decision, including resource allocation and budgeting.
Graduate attributes
1. UC graduates are professional - communicate effectively1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
Prerequisites
None.Corequisites
None.Incompatible units
11009 Business Decision Making 11396 Business Decision Making G 5617 Accounting for Managers 6221 Accounting for Managers G 9501 Financial Management G 10264 Finance for Managers GEquivalent units
None.Assumed knowledge
None.
Availability for enrolment in 2024 is subject to change and may not be confirmed until closer to the teaching start date.
| Year | Location | Teaching period | Teaching start date | Delivery mode | Unit convener |
|---|---|---|---|---|---|
| 2023 | UC - Canberra, Bruce | Period 1 | 30 January 2023 | Flexible | Mr Simon Hoy |
| 2024 | UC - Canberra, Bruce | Period 1 | 29 January 2024 | Flexible | Mr Simon Hoy |
The information provided should be used as a guide only. Timetables may not be finalised until week 2 of the teaching period and are subject to change. Search for the unit
timetable.
Required texts
There are no prescribed texts for this unit. References will be provided with Lecture and Workshop Materials
Recommended Readings include:
Cunningham et al (2021) Accounting Information for Business Decisions, 4th Edition, Cengage Learning Australia
Robbins, Stephen P. (2014) Decide & Conquer: The Ultimate Guide for Improving Your Decision Making, Pearson Education
Participation requirements
Students should attend all sessions if possible. Should you miss a session, please ensure you watch the recording
Required IT skills
Students should be familiar with MS Word and Excel
Work placement, internships or practicums
None
