Principles of Management
Module 5: Decision Making
,Module Learning Outcomes
Explain the process and techniques of individual and group decision-making
5.1: Describe the barriers to individual decision-making and common styles of decision-
making
5.2: Explain the concept of “rational decision making” and contrast it with prospect
theory, bounded rationality, heuristics, and robust decisions
5.3: Explain evidence-based decision making and its tools
5.4: Describe the components and use of a decision tree
5.5: Explain common techniques used to manage group decision making
,Barriers to Individual Decision Making and
Styles of Decision Making
, Learning Outcomes: Barriers to Individual Decision
Making and Styles of Decision Making
5.1: Describe the barriers to individual decision-making and common styles of
decision-making
5.1.1: Describe the barriers to decision making
5.1.2: Identify common styles of decision making
Module 5: Decision Making
,Module Learning Outcomes
Explain the process and techniques of individual and group decision-making
5.1: Describe the barriers to individual decision-making and common styles of decision-
making
5.2: Explain the concept of “rational decision making” and contrast it with prospect
theory, bounded rationality, heuristics, and robust decisions
5.3: Explain evidence-based decision making and its tools
5.4: Describe the components and use of a decision tree
5.5: Explain common techniques used to manage group decision making
,Barriers to Individual Decision Making and
Styles of Decision Making
, Learning Outcomes: Barriers to Individual Decision
Making and Styles of Decision Making
5.1: Describe the barriers to individual decision-making and common styles of
decision-making
5.1.1: Describe the barriers to decision making
5.1.2: Identify common styles of decision making
