Courses – Fakultet tehničkih nauka u Novom Sadu

Subject: Managerial Decision Making (17.IMDR66)

Native organizations units: Department of Industrial Engineering and Engineering Management

Type of studies	Title
Doctoral Academic Studies	Industrial Engineering / Engineering Management (Year: 2, Semester: Winter)

General information:

Category	Scientific-professional
Scientific or art field	Proizvodni i uslužni sistemi, organizacija i menadžment
ECTS	10

The following are the objectives of the course Managerial decision-making: 1) to master the basic knowledge in the area of ??managerial decision-making in the industrial system; 2) to introduce students to methods and techniques of making managerial business decisions; 3) to train students in applying these tools and techniques; and 4) to introduce students with the rules of decision-making, factors of influence, as well as properties of decision makers. The purpose of the course is to provide students of management with competencies that will enable them to apply the basic principles and approaches for making functional managerial decisions in organizations.

Students attending the subject of Managerial decision-making and passing the exam are enabled for the following: 1) applying the principles and approaches towards making functional decisions; and 2) using decision-making software for making the business system more successful. The student of management acquires competence in applying the principles and use of software for decision making, as the basis for improving the quality of organizations.

Introduction to managerial decision making; The process of strategic decision-making (good and bad decisions, Types of decision); Factors and stages of decision-making (constraints, environments, methods of decision-making); The context and framework of strategic decision-making, methods of growth in new markets; Personal factors of decision-making (knowledge, skills, and personality traits); Managerial / entrepreneurial decision-making (management style / decision-making style, responsibility and authority); Implementation of business decisions (resources required for the implementation of decisions, their monitoring and evaluation); Models of strategic managerial decision-making (Functional decision making); Decision-making software in business systems: Doctus, Excel Solver; Methods and techniques of strategic decision-making: Structured conflict, Delphi technique, electronic brainstorming, nominal group technique.

Lectures are presented with the aid of computers, consultation, and seminar papers - presentations.

Authors	Title	Year	Publisher	Language
Fred W. Nickols	Strategic Decision making	2015	Distance Consulting LLC	English
Mikael Krogerus, Roman Tschäppeler	The Decision Book: 50 Models for Strategic Thinking	2012	Norton & Company, Inc	English
Grubic-Nesic, L., Mitrović, S., Melović, B., Milisavljevic, S.	Differences between the state/public and private sectors in organizations in Serbia regarding the functionality of managers decision making	2016	Journal for east european management studies. Rainer Hampp Verlag, Germany	English