Managerial & Ethical Decision-Making

Studiengang

Bachelorstudiengang Wirtschaft & Management

Kennzahl der Lehrveranstaltung

B&M-B-4-BAS-MED-SE

Anzahl der zugewiesenen ECTS-Credits

Name des/der Vortragenden

FH-Prof. Priv.-Doz. Dr. Stöckl Thomas, FH-Prof. Priv.-Doz. Dr. Siebert Johannes, Dr. Siebert Jana

Art der Veranstaltung

empfohlene optionale Programmeinheiten

Derzeit nur in Englisch verfügbar
none

empfohlene Fachliteratur

Derzeit nur in Englisch verfügbar
Siebert, Johannes (2021). "Give yourself a nudge: How you can make better decisions", TEDxInnsbruck, Innsbruck, Austria (link, link)
Siebert, Johannes U. "How to become your own decision architect and make better career decisions", Information for study and career, Wirtschaftswissenschaftliches Studium, October 2023, 47-51
Siebert, Johannes U.; Rüdiger von Nitzsch. " The Job Selection Problem for Career Starters: A Decision-Theoretical Application. Part 1: Structuring the Problem into Objectives, Alternatives and Uncertainties", Scientific Contributions, Wirtschaftswissenschaftliches Studium, December 2020
Rüdiger von Nitzsch; Siebert, Johannes. The Job Selection Problem for Career Starters: a Decision-Theoretical Application Part 2: Identifying the Best Alternative using the ENTSCHEIDUNGSNAVI, Wissenschaftliche Beiträge, Wirtschaftswissenschaftliches Studium, November 2018, 4-11
Siebert, Johannes U.; Keeney, Ralph. "Decisions: Problems or Opportunities? How you can prevent unpleasant decision situations", Scientific Contributions, Wirtschaftswissenschaftliches Studium, June 2020, 49(6), 1-6Hammond, J. S., Keeney, R. L., & Raiffa, H. (1998). Even swaps: A rational method for making trade-offs. Harvard Business Review, 76, 137-150. (link)
Howard, R. A., Korver, C. D., & Birchard, B. (2008). Ethics for the real world: Creating a personal code to guide decisions in work and life. Harvard Business Press.
Keeney, R. L. (2021), SMARTER BUSINESS DECISIONS. Management and Business Review (MBR), 195pp. (link)
Keeney, R. L. (2020). Give yourself a Nudge: Helping Smart People Make Smarter Personal and Business Decisions. Cambridge University Press. Cambridge. (link for MCI students)
Keeney, R. L. (1992). Value-focused Thinking: A Path to creative Decision Making. Harvard University Press, Cambridge.
Keeney, R. L. (1994). Using Values in Operations Research. Operations Research 42(5), pp. 793-813.
Siebert, Johannes; Keeney, Ralph L. (2015)"Creating More and Better Alternatives for Decisions Using Objectives". Operations Research, September/October 2015, 63(5), 1144-1158. (link)
von Nitzsch Rüdiger, Tönsfeuerborn Mendy., Siebert Johannes U. (2020) Decision Skill Training with the Entscheidungsnavi. In: de Almeida A.T., Morais D.C. (eds) Innovation for Systems Information and Decision. INSID 2020. Lecture Notes in Business Information Processing, vol 405. Springer, Cham. https://doi.org/10.1007/978-3-030-64399-7_2

Niveau der Lehrveranstaltung laut Lehrplan

Bachelor

Studienjahr

Spring 2025

Semester in dem die Lehrveranstaltung angeboten wird

Unterrichtssprache

English

Lernergebnisse der Lehrveranstaltung

Derzeit nur in Englisch verfügbar
In “Managerial & ethical decision-making”, we aim at developing your critical ability to independently undertake and solve business problems using scientific methods. Having completed this course, you will have acquired sound theoretical knowledge and developed practical skills so that you are able to
• frame decision problems appropriately for single and multiple decision makers/stakeholders
o formulate decision statements
o identify and structure objectives
o operationalize objectives with suitable criteria (not necessarily KPI)
o systematically develop attractive alternatives
o identify states and uncertainties
• elicit preferences (their own as well as of others),
• master decision rules and decision trees
• aggregate preferences using multi-attribute utility theory
o explicitly consider uncertainties
o consider multiple objectives
o check robustness of the results (identify rank reversals, etc.)
• use digital decision-support tools
• make ethical decisions
• become their own decision architect
• proactively convert decision problems it decision opportunities

Lehrinhalte

Derzeit nur in Englisch verfügbar
To manage a company comprises different functions, decisions, and measures. Therefore, concepts of rationality will be critically discussed in the context of decision-making methods in business and behavioral economics. Moreover, the ethical component in decision-making will be highlighted.
• Value-focused Thinking
• Proactive Decision Making
• Rational decision making
• Decision biases
• Preference elicitation and aggregation
• Ethical decision-making
• Case studies

Lehr- und Lernformen

Derzeit nur in Englisch verfügbar
The course comprises an interactive mix of lectures, discussions and individual and group work.

Praktikum

none

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