Decision Making

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Decision Making
Policy Analysis

One of the central tasks of any manager is to solve problems and make good decisions.   This section of the course explores the theories behind individual and group decision making   It also briefly reviews several of the techniques managers frequently employ while making decisions.  During this section of the course we will cover two topics.
     

Decision Making

This section of the course will look at some of the different theories of decision making including bounded rationality, incrementalism, and the garbage can model.  We will also contrast the differences between individual and group decision making and conclude by examining some of the common psychological problems that confront individuals and groups.
     

Policy Analysis

This section builds on the previous section by looking at some of the common policy analysis techniques that have been developed to assist managers in identifying problems and examining the implications of alternative courses of action.  Specifically we will focus on problem solving and look at how different types of forecasting techniques are used to identify problems and examine the impacts of potential solutions to these problems.  We will also look at how techniques such as cost-benefit analysis have been developed to aid managers in making better decisions.
 

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