Course Title: Business Decision Making

Part A: Course Overview

Course Title: Business Decision Making

Credit Points: 12.00

Terms

Course Code	Campus	Career	School	Learning Mode	Teaching Period(s)
BUSM2567	City Campus	Undergraduate	610P BUS Portfolio Office	Face-to-Face	Sem 1 2022, Sem 2 2022
BUSM2567	City Campus	Undergraduate	665H Accounting, Information Systems and Supply Chain	Face-to-Face	Sem 1 2023, Sem 2 2023, Sem 1 2024
BUSM2568	Singapore Inst of Management	Undergraduate	665H Accounting, Information Systems and Supply Chain	Face-to-Face	Offsh1 24
BUSM2570	RMIT University Vietnam	Undergraduate	665H Accounting, Information Systems and Supply Chain	Face-to-Face	Viet1 2023, Viet3 2023, Viet1 2024
BUSM2571	RMIT Vietnam Hanoi Campus	Undergraduate	665H Accounting, Information Systems and Supply Chain	Face-to-Face	Viet1 2023, Viet3 2023, Viet1 2024

Flexible Terms

Course Code	Campus	Career	School	Learning Mode	Teaching Period(s)
BUSM2567	City Campus	Undergraduate	610P BUS Portfolio Office	Internet	JanJun2022 (All)
BUSM2567	City Campus	Undergraduate	610P BUS Portfolio Office	Internet	JulDec2022 (All)
BUSM2567	City Campus	Undergraduate	665H Accounting, Information Systems and Supply Chain	Face-to-Face	UGRDFlex23 (All)
BUSM2567	City Campus	Undergraduate	665H Accounting, Information Systems and Supply Chain	Internet	JanJun2023 (All)
BUSM2567	City Campus	Undergraduate	665H Accounting, Information Systems and Supply Chain	Internet	JulDec2023 (All)
BUSM2567	City Campus	Undergraduate	665H Accounting, Information Systems and Supply Chain	Internet	JanJun2024 (All)

Course Coordinator: Dr Viktor Arity

Course Coordinator Phone: +61 3 9925 9141

Course Coordinator Email: viktor.arity@rmit.edu.au

Course Coordinator Location: Building 80

Course Coordinator Availability: Appontment via email

Pre-requisite Courses and Assumed Knowledge and Capabilities

None

Course Description

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.

This course will also introduce and begin to embed practices relating to Business Graduate Folio, an e-portfolio that is integrated throughout the Bachelor of Business curriculum and a requirement for the capstone close of the program. 

Objectives/Learning Outcomes/Capability Development

.

Upon successful completion of this course, you will be able to:

CLO1: Describe and implement a structured approach to generating meaningful insights and informing ethical decision making in business.

CLO2: Select, apply, analyse and evaluate the results of data analytics, analytical models and other business tools in a socially intelligent manner.

CLO3: Apply digital literacy skills to effectively communicate the results of data analyses and analytical models in written and visual forms to support organisational decision-making.

CLO4: Demonstrate effective teamwork skills in business decision making, including collaboration, communication, and the ability to contribute to shared goals.

CLO5: Critically evaluate a range of behavioural factors and demonstrate how they influence decision makers.

Overview of Learning Activities

In this course you are encouraged to be an active learner. Your learning will be supported through various learning activities. These may include quizzes; assignments; prescribed readings; sourcing, researching and analysing specific information; conducting presentations; producing written work and collaborating with peers in set tasks or projects.

Overview of Learning Resources

Various learning resources are available online through MyRMIT Studies/Canvas. The lecture notes and workshop notes are posted on Canvas.

RMIT Library provides extensive resources, services and study spaces. All RMIT students have access to scholarly resources including course related material, books, e-books, journals and databases.

Computers and printers are available at every Library. You can access the Internet and Library e-resources. You can also access the RMIT University wireless network in the Library.

Contact: Ask the Library for assistance and information on Library resources and services: http://www.rmit.edu.au/library. Study support is available for assistance with assignment preparation, academic writing, information literacy, referencing, maths and study skills.  Additional resources and/or sources to assist your learning will be identified by your course coordinator and will be made available to you as required during the teaching period.

Overview of Assessment

Assessment Task 1: 20%
Linked CLOs: 1, 2, 4

Assessment Task 2: 40%
Linked CLOs: 1, 2, 3, 4

Assessment Task 3: 40%
Linked CLOs: 1, 2, 3, 5