Postgraduate

Modules

Modules

NBS8489 : Business Analysis for Decision Making

Semesters
Semester 2 Credit Value: 5
Semester 3 Credit Value: 5
ECTS Credits: 5.0

Aims

Every good manager needs to be able to identify key business problems, investigate potential solutions and then make and present recommendations that can lead to effective business decisions. To do this, managers need to understand how to be self-directed learners able to identify root causes to business problems, lead and work in teams researching and analysing those problems, and then identify, evaluate and recommend potential solutions. These are key business skills that will be developed in this module.
However, while these skills are very necessary, they are not sufficient for an effective manager. Managers also need to be able to present and advocate for their recommendations in ways that are compelling and can generate strong Executive support. In other words, leaders need also to be able to convince other executives that their recommendations should become implemented as business decisions.
This module therefore develops the skills and approaches needed to research, analyse and present a compelling business case in support of Boardroom decision making.
The module starts by understanding the business research and decision-making process. Students, working collaboratively, then draw on both their learning across the MBA and on their own prior experience to research a business issue and develop and evaluate solutions. In addition to integrating technical and managerial learning across the MBA, the module also builds on the consulting and inter-personal skills developed earlier in the MBA while moving the emphasis even more onto understanding how to work in and motivate self-directed teams through the problem-research-evaluation-recommendation process.
But recommendations are not decisions. To move from recommendation to decision, the module culminates with the ‘Boardroom Challenge’ where students present their recommendations to a decision-making Board, incorporating experienced managers and business leaders. In the Boardroom, students will be challenged to explain, justify and defend their recommendations. Will your business case be robust enough, clear enough and compelling enough for the Board to decide to adopt it?
This module is the first of three modules that develop and assess students’ skills in applying theory into practice. Skills learned in this module are therefore central also to both the team Management Consultancy module and the Individual Project module that follow on from this module.

Outline Of Syllabus

The module incorporates a series of classes covering
•       From Business Analysis to Management Consultancy and your Individual Project
•       Understanding the Individual Project routes
•       Corporate governance and the role of the Board
•       Understanding decisions and decision making
•       What is Business Analysis?
•       The research and analysis process: getting from problem situations to solution recommendations
•       Methods of investigation and analysis: qualitative and quantitative tools and techniques
•       Ethics in the research and analysis process
•       The Business Case: purpose, structure and content
•       Making and presenting a compelling business case
•       Applying these Research and Analysis skills in the Individual Project.
These classes form the basis for students to then work in groups to research a business challenge problem and develop recommendations and a business case for presentation in the Boardroom Challenge. In the Boardroom Challenge, student teams are required to present, concisely and compellingly, their business case and be challenged on it by the board members. Feedback from the Board then better equips students for the subsequent Management Consultancy and Individual Project modules.

Teaching Methods

Module leaders are revising this content in light of the Covid 19 restrictions.
Revised and approved detail information will be available by 17 August.

Assessment Methods

Module leaders are revising this content in light of the Covid 19 restrictions.
Revised and approved detail information will be available by 17 August.

Reading Lists

Timetable