An MBA student listening to a lecture in a classroom.

Management Theory and Decision-Making Practices - MGMT 8334

Course Length: 8 weeks

In this course, you’ll examine the multifaceted role and responsibilities of the business owner, manager or leader — including strategic planning, power, communication, leadership, motivation, decision-making and control. You’ll learn about techniques and strategies that can help you make more effective and efficient decisions for your employees and the organization.

Coursework Highlights

Coursework is designed for engagement and collaboration. Here is an example of just some of the assignments and projects you will complete as part of MGMT 8334.

  • Discuss with your professor and peers significant decisions or tough choices made by major companies that have garnered recent news coverage.
  • Create a presentation or paper that illustrates a sound decision-making process in a specific situation, including the consideration of trade-offs and risks. This is a great piece to add to your professional portfolio.

Weekly Themes

Throughout the course, each week focuses on a different theme. Group discussions and coursework will align with that week’s theme, as well as its primary objectives.

Week 1 – Making Smart Choices

Identify a decision problem and analyze it so that you can articulate the expected outcomes of the final decision.

Week 2 – Defining Your Decision Problem

Consider the alternative decisions in response to the original problem and describe how those options could also provide solutions.

Week 3 – Clarifying Decisions and Creating Better Alternatives

Analyze the risks and benefits to each alternative decision.

Week 4 – Consequences and Risk Tolerance

Analyze your appetite for risk and its potential outcomes.

Week 5 – Trade-offs and Uncertainty

Explore the trade-offs involved in each decision option and make tough choices as a manager.

Week 6 – Coordinating Current and Future Decisions

Plan ahead to consider how the decisions you make today will affect decisions you make in the future.

Week 7 – Tricks and Traps

Discover how your mind can play tricks on you during decision-making and how to avoid them.

Week 8 – Smart Choices, a Way of Life

Learn how to make smart and ethical choices throughout your career.

Get Started

To learn more about this course, or other courses in the online MBA from Our Lady of the Lake University, call 855-275-1082 to speak with an admissions adviser or request more information.