MGMT205 - Evidence-Based Decision Making
Teaching organisation 3 hours per week (two hours of lectures and one hour of tutorial) for 12 weeks or equivalent in intensive mode or online.
The digital revolution has changed the practice of business. Data to support business decisions collected through business systems as well as through the Internet and Social Media are growing exponentially and require analysis and interpretation to understand and use. If you are able to do this, you will need knowledge and understanding of decision making frames used in business, how to define problems, how to source information, critically evaluate information, and how to make decisions. You will apply your knowledge in the context managerial decision making that contributes to sustainable organisational outcomes.
The aim of this unit is to provide knowledge and understanding of how to apply evidence-based decision making by transforming data into information which supports sound business decision making.