MGMT170-21S2 (D) Semester Two 2021 (Distance)

Managerial Decision Making

15 points

Details:
Start Date: Monday, 19 July 2021
End Date: Sunday, 14 November 2021
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Sunday, 1 August 2021
  • Without academic penalty (including no fee refund): Friday, 1 October 2021

Description

This course introduces basic managerial decision-making tools and their application to business. The topics include project management, forecasting, inventory management, cost-benefit analysis and decision-making. The course develops problem solving skills, an invaluable tool for modern business.

Specifically, this course introduces students to the discipline of Operations Management, as a preparation for higher-level (i.e. 200 or 300 level) courses in Operations and Supply Chain Management (OSCM). It forms part of the requirements for the Bachelor of Commerce degree major in Operations and Supply Chain Management, Management, and Strategy and Entrepreneurship. MGMT170 is important for students majoring in management or marketing, and a useful companion to mathematics, statistics, computer science, engineering, forestry, and economics.

Workload
Student should expect to spend on average 12.5 hours per week on lectures, reading, skill-development activities, and assessment preparation. The estimated workload breakdown for MGMT170 is:

Activities Hours
Lecture Preparation (reading) 36
Lectures 36
Skill Development Activities 36
Quizzes 12
Final Exam (including preparation) 30  (3-hour exam)
Total 150 hours

Learning Outcomes

  • By the end of the course you should be able to:
  • Understand the core concepts of Operations & Supply Chain Management. Specifically:
    o understand the disciplines of Operations and Supply Chain Management and their role in business and decision-making;
  • Use mathematical tools and techniques to aid decision-making and planning. Specifically:
    o Understand the process of developing and using quantitative techniques in decision making and planning;
    o interpret the outcome of quantitative techniques to gain insights which could be applied to different contexts of interest;
    o identify underlying assumptions and approximations in simple models;
    o use different decision-making tools such as inventory control models, project management tools (e.g. critical path method), forecasting techniques, queuing models, decision tree, and multiple criteria on decision.
  • Think critically about problem-solving for decision making. Specifically,
    o Understand how to apply decision-making techniques, to assist in decision making that will include social, environmental, cultural and economic considerations
  • Understand the relevance of biculturalism to decision making.

    Graduate Attributes
    1. Graduates can demonstrate advanced knowledge of their selected subject major, informed by the broader context of commerce.
  • The quizzes and final exam provide opportunities to demonstrate advanced knowledge in using managerial decision making tools.
    2. Graduates are able to use analytical thinking and problem-solving skills to address specific problems.
  • The weekly skills-development activities will enable students to practice problem-solving situations across a variety of situations. These will focus on application of concepts to build confidence in analytical thinking and problem-solving skills.
    3. Graduates can understand issues from a range of ethical, global and multicultural perspectives.
  • Problem-solving will be discussed relative to several profiled companies that provide exposure to multicultural perspectives
    4. Graduates are able to communicate effectively both orally and in written form.
  • Not specifically addressed in this course.

    Learning Objectives, BCom
  • Students have an in-depth understanding of their majoring subject and are able to critically evaluate and, where applicable, apply this knowledge to topics/issues within the discipline.
  • Students have a broad understanding of the key domains of commerce.
  • Students will develop key skills and attributes sought by employers which can be used in a range of applications.
  • Students will be aware of and understand the nature of biculturalism in Aotearoa New Zealand, and its relevance to their area of study and/or their degree.
  • Students will comprehend the influence of global conditions on their discipline and will be competent in engaging with global and multi-cultural contexts.

    For quality assurance purposes the School is required to hold on record a number of assessment pieces as examples of differing standards of work. If you have any objections to the school holding your assessment for this purpose then email the course coordinator to ensure your assignment is not used for this purpose.

Restrictions

MSCI101

Timetable Note

All lectures will be pre-recorded and available through Echo during the scheduled week.

Course Coordinator / Lecturer

Diane Mollenkopf

Lecturer

Afshin Tanouri

Assessment

Assessment Due Date Percentage  Description
Quizzes (weekly) 15% Quizzes (weekly)
Skill-development Activities 50% Skill-development Activities
Final Examination 35% Final Examination


This course adopts an “Assessment as Learning” approach throughout the semester. Weekly lectures will provide foundational knowledge to supplement reading materials, and will introduce problem-solving concepts and tools, to be followed by students engaging in a variety of quizzes, online forums, and problem-solving activities. “Assessment of Learning” will take place in the form of the Final Exam at the end of the semester.

Success in the course will be dependent on
• Regular and consistent engagement with course materials (stay on schedule with readings and lectures)
• Practice, practice, practice the problem-solving activities (nothing beats practice)
• Engage regularly in the on-line peer engagement activities (learn from each other)

Quizzes – 15%
There will be a weekly quiz accompanying each week’s reading/lecture material. This will provide a feedback on how well you understand the conceptual material presented each week. All quizzes will be completed on LEARN.  They will open at 9:00am each Monday and remain active until 11:59 the following Sunday (all times NZT: GMT+13). Quizzes are open book/notes, but will be limited to 30 minutes, and can only be attempted once. Once you have started the quiz a timer on the left will count down your remaining time. No extensions will be given for any quiz.

Skill-Development Activities – 50%
To be Developed

Final Exam – 35%
Date/Time TBA
The exam will be run via LEARN, and will consist of conceptual as well as problem-solving questions.  Students will be required to demonstrate their ability to correctly use the quantitative tools learned throughout the semester and use them to develop and justify managerial decisions.

Textbooks / Resources

All textbook materials will be provided via LEARN, either as PDF files, or via the University library. Demand for some of the online textbook materials may be high (especially at exam time!), so students are encouraged to access these materials regularly throughout the semester.

Notes

Departmental Academic Policies
A summary of Departmental academic policies on course grading, special considerations, etc. is available under: https://www.canterbury.ac.nz/business/departments/. The Department assumes that you have read this document.

You should also read the following:
• UC Business School Student Handbook on the UC Business School Students Learn page https://learn.canterbury.ac.nz/course/view.php?id=7744
General Course and Examination Regulations http://www.canterbury.ac.nz/regulations/general/general_regs_enrolment_courses.shtml

Dishonest Practice
The University of Canterbury considers cheating and plagiarism to be serious acts of dishonesty. All assessed work must be your own individual work unless specifically stated otherwise in the assessment guidelines. Material quoted from any other source must be clearly acknowledged. You must not copy the work of another person (student or published work) in any assessment including examinations, tests and assignments. Any person, who is found to have copied someone else's work, or to have allowed their work to be copied, will receive a fail grade for that piece of assessment and may face disciplinary action which may lead to a fine, community service or exclusion from the university.

IMPORTANT: Where there are concerns regarding the authorship of written course work, a student can be required to provide a formal, oral explanation of the content of their work.

Citations and referencing

Indicative Fees

Domestic fee $831.00

International fee $3,875.00

* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.

For further information see Management, Marketing and Entrepreneurship.

All MGMT170 Occurrences

  • MGMT170-21S2 (C) Semester Two 2021
  • MGMT170-21S2 (D) Semester Two 2021 (Distance)