Decision-making and Risk: An Introduction
Explore big ideas about decision-making and risk and learn about the decision-making process, with this course for professionals.
Duration
2 weeksWeekly study
3 hours
Decision-making and Risk: An Introduction
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
Learning on this course
You can take this self-guided course and learn at your own pace. On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.
What will you achieve?
By the end of the course, you‘ll be able to...
- 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
Who is the course for?
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.
Who will you learn with?
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
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.
Established
1992Location
Coventry
Learning on FutureLearn
Your learning, your rules
- Courses are split into weeks, activities, and steps, but you can complete them as quickly or slowly as you like
- Learn through a mix of bite-sized videos, long- and short-form articles, audio, and practical activities
- Stay motivated by using the Progress page to keep track of your step completion and assessment scores
Join a global classroom
- Experience the power of social learning, and get inspired by an international network of learners
- Share ideas with your peers and course educators on every step of the course
- Join the conversation by reading, @ing, liking, bookmarking, and replying to comments from others
Map your progress
- As you work through the course, use notifications and the Progress page to guide your learning
- Whenever you’re ready, mark each step as complete, you’re in control
- Complete 90% of course steps and all of the assessments to earn your certificate
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