London School of International Business (LSIB)

How does the course cover topics such as decision-making and problem-solving in a management context?

Decision-making and problem-solving are crucial skills for managers to possess in order to effectively lead their teams and organizations towards success. In the course, these topics are covered in a comprehensive and practical manner, providing students with the necessary tools and techniques to make informed decisions and solve complex problems in a management context.

Decision-Making	Problem-Solving
1. The course explores different decision-making models and frameworks, such as rational decision-making, bounded rationality, and intuitive decision-making. Students learn how to analyze situations, gather relevant information, evaluate alternatives, and make sound decisions based on available data.	1. Students are introduced to various problem-solving techniques, including root cause analysis, brainstorming, and SWOT analysis. They learn how to identify problems, define objectives, generate solutions, and implement action plans to address the issues effectively.
2. The course emphasizes the importance of ethical decision-making in a management context, highlighting the ethical implications of different choices and the impact on stakeholders. Students learn how to make decisions that align with organizational values and principles.	2. Students practice critical thinking and analytical skills to identify patterns, trends, and relationships in complex problems. They learn how to break down problems into manageable components and develop creative solutions to overcome challenges.
3. The course covers decision-making under uncertainty and risk, teaching students how to assess risks, evaluate probabilities, and make decisions in uncertain environments. Students learn how to use decision trees, scenario analysis, and sensitivity analysis to make informed choices.	3. Students engage in case studies and real-world scenarios to apply problem-solving techniques in practical situations. They work collaboratively in teams to analyze problems, develop solutions, and present recommendations to address the issues effectively.

Overall, the course provides a holistic approach to decision-making and problem-solving in a management context, equipping students with the skills and knowledge needed to navigate complex challenges and make strategic decisions that drive organizational success.