Curriculum Information

The content summary indicates the topics in the module that will be studied:
Section 1: Tools and Techniquesfor Management Decision Making:
Consider some of the major aspects of decision making in organisations, including discussing and using an Evidence Based Decision Making (EBDM) model.
Demonstrate and put in practice some of the techniques that businesses use to inform and manage decision making.
To consider the systems that organisations use to manage their projects.

Section 2 – Measures of Business Performance
Explore a range of quantitative methods that organisations utilise to measure their performance, considering the universal core concepts of marketing, HRM, finance and operations management.
Use some of the mathematical and statistical tools necessary for quantitative analysis of a businesses performance.
Interpret and use multiple sources of data to make decisions and provide management insight.

Section 3 – Tools and Techniques of Financial Decision Making
How to use value measurements (financial and non-financial) such as return on investment.
Analysis and interpretation of financial information including cash flow, profit and loss accounts and balance sheets using various techniques to inform management decision making.
Explain how financial information systems within business organisations aid senior managers in planning and controlling activities, with particular reference to the role of budgets and variances.
Investment in new or expanded facilities based on evaluation of projected financial returns using investment appraisal techniques.

Key and Employability Skills
Demonstrate interpretive and analytical skills involved in managementand financial decision making.

Synthesise information, both quantitative and qualitative from academic sources in a scholarly way and present findings in a clear manner.

How to interpret and use multiple sources of data to make decisions and provide management insight. Such as the resources provided by the CIPD. Use of the statistical and analytical tools to create business reports, format and presenting these in a professional fashion.

Students will have the opportunity to apply tools to specific data-sets such as the FAME database, MINTEL, the Office for National Statistics (ONS) and others. In order to extrapolate meaning pertinent to the students degree programme.

This module forms part of the CMI Certificate/Diploma for BA (Hons) Business and Management (including the Event and Entrepreneurship pathways). It maps to CMI Unit 521 Using Data and Information for Decision Making.