4/15/2021 Laureate International Universitieshttps://laureate-au.blackboard.com/webapps/blackboard/content/listContent.jsp?course_id=_102672_1&content_id=_9647266_1&mode=reset 1/4MODULE 4Biases, Ethics and HeuristicsIntroduction:Todays business environment is ever-changing with managers having todeal with large amounts of data, often ambiguous and wicked problemswith an absence of precedent on which to base their decision-making.Facing demands for fast, eàective decision making, within tight timeconstraints and decisions which are of good quality make the role of themanager a complex and demanding one. Research suggests that demandsof this type which require extreme levels of information processing and fast,4/15/2021 Laureate International Universitieshttps://laureate-au.blackboard.com/webapps/blackboard/content/listContent.jsp?course_id=_102672_1&content_id=_9647266_1&mode=reset 2/4high quality decisions free of errors and biases may well be beyond thecapacity of many managers.This module strives to address some of the data handling and informationprocessing challenges confronting todays managers. The module deals withthe errors, biases and shortcuts managers typically apply in theirinterpreting of data, processing of information and forming judgments ontheir way to making decisions. In addition, by providing some tools, meansand processes, we can perhaps help overcome managers typically errorprone, biased approaches to information processing, decision making.This Module will help you achieve the followingoutcomes:a) Compare, contrast and critically evaluate sources of data asinÖuences for decision making in a range of business contextsb) Compare and critically evaluate sources of data as inÖuences fordecision making in a range of business contextsc) Examine and evaluate decision-making systems and techniques toengage group decisions and analyse how these can enhancesustainable outcomes Explain change processes and interventionThis Module will cover:Type and nature of biases confronting mana
gers in their individualand group related roles as decision makersA reÖection on biases in your decision making and introduce steps toovercome individual biases and errors in your information processingand decision makingThe ethics of good decision making in workplace settings.Time ManagementStudent workload expectation is 20 hours for Module One4/15/2021 Laureate International Universitieshttps://laureate-au.blackboard.com/webapps/blackboard/content/listContent.jsp?course_id=_102672_1&content_id=_9647266_1&mode=reset 3/4approx. 5 hours3 hours Per week topic Facilitated study: Attending class, respondingto facilitator feedback7 hours Personal Study per week: Assessment progression, readingand viewing resources, self-directed and collaborative online learningactivitiesAssessment Progression:Assessment 2Assessment 2 is due module 4 week 8By week 7 of module 4 students should have completed their seconddraftAssessment 3Familiarise yourself with the assessment 3 briefStart roughing out workload and likely time requirementsEnsure you consult your facilitator if you have any questions aboutthe assessment expectationsStart reading forward in anticipation of future workBegin preliminary research and start roughing out a draftClass Expectation:Participate in all scheduled Collaborate or face-to-face classes.This time is intended to be used by students and their lecturer towork through activities and engage in discussion about the weeklycontent.These sessions provide a space for students to raise questions andseek guidance on writing their assessments4/15/2021 Laureate International Universitieshttps://laureate-au.blackboard.com/webapps/blackboard/content/listContent.jsp?course_id=_102672_1&content_id=_9647266_1&mode=reset 4/4Students will review and explore more deeply the informationpresented in the learning materialStudents are also expected to have worked through the learningmaterial for this module before attending the class this enablesinformed discussion and full participation in learning activities