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Decision-making and Risk: An Introduction

4.80(5)

Decision-making and Risk: An Introduction

  • Categories Business
  • Duration 12h
  • Total Enrolled 10
  • Last Update September 27, 2020

About Course

Coventry University

Description

Understand the decision-making process in a management context

How do we make decisions? How does our understanding of risk affect our decisions? Get answers to these questions and more, with this short course that explores big ideas about decision-making and risk.

You will learn about the definition of risk and look at some of the barriers that hinder effective decision-making in our professional and personal lives. You will also look at some techniques that could help overcome these barriers, and analyse Daniel Kahneman’s decision-making model.

What topics will you cover?

  • The difference between risk and uncertainty: are our professional and personal decisions as good as we think they are?
  • The nature of data and information
  • The challenges facing data management
  • Risk management
  • Barriers to effective decision-making

Who will you learn with?

Dr. Rami M. Ayoubi

Dr. Rami M. Ayoubi

I am an Associate Professor of Business Strategy, Editor in Chief for Journal of Marketing for Higher Education, and Principal Fellow of HEA. I hope you will enjoy our learning journey for this module

 

 

Who developed the course?

Coventry University logo

Coventry University

Coventry secured gold in the UK Government’s 2017 Teaching Excellence Framework (TEF) and is University of the Year for Student Experience in The Times & The Sunday Times Good University Guide 2019.

What Will I Learn?

  • Explore the nature of data and information
  • Explore the challenges facing data management
  • Explain the difference between risk and uncertainty
  • Explore and deal with barriers to effective decision-making

Topics for this course

9 Lessons12h

Getting started?

We start the first week of this course by asking you to examine the factors behind some of the decisions you have made recently, and reflect on whether your decision were successful.
How good are your decisions?
Risk in daily life00:04:44
Learning at Coventry University
Getting the most out of your learning

Risk and uncertainty?

Discover the difference between risk and uncertainty, and reflect on what this means for your decisions.

The nature of data and information?

As more and more data is collected, we need to be increasingly aware of how it is used and, unfortunately, abused. Take a closer look at the benefits and disadvantages of using data for decision-making.

Student Feedback

4.8

Total 5 Ratings

5
4 ratings
4
1 rating
3
0 rating
2
0 rating
1
0 rating
NM

Very good course, relatable to real life, with practical real life examples that make you think, about decision making, uncertainty, risks and situations in life.

RL

Interesting and some innovative concepts to improve work efficiency and our own career.

BP

I am new to Risk management and coming from a quality assurance role, I had to do a lot of unlearning whilst learning new concepts from this course.

VK

Nice course.

ZA

This is exactly the vision I have to take risk management forward as a consultant - integrate it in every decision making process.

$39

Material Includes

  • Official Certificate

Tags

Coventry University Dr. Rami M. Ayoubi

Target Audience

  • This course is for anyone looking to improve their knowledge of decision-making and risk within an organisation or business.
  • Please note that the individuals detailed in the ‘Who will you learn with?’ section below, are current staff members and may be subject to change.