Explore big ideas about decision-making and risk and learn about the decision-making process, with this course for professionals.
- Duration2 weeks
- Weekly study3 hours
- LearnFree
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
When would you like to start?
Most FutureLearn courses run multiple times. Every run of a course has a set start date but you can join it and work through it after it starts. Find out more
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?
An assistant professor in business strategy at Coventry University and an associate lecturer in strategy and entrepreneurship at the Open University.
I have a degree in Economics and Statistics from Bocconi University in Milano, and an MBA from New York University. I spent over 30 years in the automotive industry in international director positions
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.
- Established1992
- LocationCoventry
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What's different about this course?
Since 2017 you have been able to take a degree on FutureLearn. This free course is a bit like a starter course for a degree — it should give you a flavour of the degree subject but can also be your first step towards a degree qualification.
If you enjoy this course you can apply to join the program it’s part of to start working towards a degree on FutureLearn.
Don’t worry, you can still take the course without doing a full degree!
How do degrees work on FutureLearn?
Which program and degree is this course part of?
This course is part of the program Decision Making and Risk, which is one of the building blocks that leads to a degree in Master of Business Administration.
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