LEO5301 Decision making for managers
Faculty of Business and Economics
LEO5301 Decision making for managers is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics. It isn't offered in 2024. It has no prerequisites.
- Credit points
- 6
- Offered in 2024
- Not offered
- Assessment
- No exam
- 1 task
- Workload
- 144 hours
- per semester
This is the 2024 handbook entry. See the 2027 entry.
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Requisites
Before LEO5301
No prerequisites or corequisites besides the enrolment rules below.
After LEO5301
No unit lists LEO5301 as a prerequisite in the 2024 handbook.
Enrolment rules
You must be enrolled in a Monash Online course to undertake this unit.
Overview
Digital transformation and disruption have made it increasingly important for managers to understand the applications of using data to make informed decisions. Managers must make complex decisions to enable organisational success. The abundance of data generated by organisations can be confronting for managers particularly on how to use data to make optimal decisions. This unit introduces a data analytics cycle to empower managers in using data to generate insights and execute decisions. Students will learn how fallacies in data can lead to the formulation of incorrect conclusions and potentially suboptimal decisions. This unit describes the importance of analysis and visualisation of data to make effective managerial decisions with reference to reports and dashboards.
Offerings in 2024
The 2024 handbook lists no offerings for LEO5301.
Assessment
- Within semester assessment100%
Learning outcomes
When you finish this unit, you should be able to:
- 1
understand relevant decision-making paradigms for managers and the importance of data fluency for managers.
- 2
understand and apply a data analytics cycle to inform and enhance organisational decision making.
- 3
recognise the common fallacies and limitations with interpreting data and how this affects the process of making decisions.
- 4
demonstrate ability to recognise various data visualisation principles and practices and how these can help managerial decision making.
Workload and teaching
- Teaching approachEnquiry-based learning
- Teaching approachCase-based teaching
- Teaching approachActive learning
- Teaching approachResearch activities
- Teaching approachProblem-based learning
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
This unit engages you in enquiry-based learning, where you will be encouraged to use your own knowledge to develop and engage in a process of enquiry, study and research to identify areas to be investigated and an approach to doing so.
This unit includes case-based teaching, where you apply your knowledge and engage in analytical and reflective thinking to solve complex contextual scenarios. Activities are often designed so that there is not one clear answer, but you need to work together to examine, analyse and make decisions to resolve the situation.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
This unit allows you to develop their research skills by engaging in structured inquiry using a systematic approach and discipline-specific methodologies.
This unit includes problem-based learning approaches, where you engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.
Common questions
What are the prerequisites for LEO5301?
LEO5301 has no prerequisites, but enrolment rules apply.
When is LEO5301 offered?
LEO5301 has no offerings listed in the 2024 handbook.
How much work is LEO5301?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does LEO5301 have an exam?
No. LEO5301 has 1 assessment task and no exam.