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Business Judgement (BUSA30000)

Undergraduate level 3Points: 12.5On Campus (Parkville)

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Overview

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This subject serves as a capstone for the Management and Marketing majors within the Bachelor of Commerce. As such, the aim is to integrate students’ knowledge of core business functions and analytical tools and apply these to the problems faced by modern organisations and decision-makers. Students will be exposed to these problems through simulation tasks and case analyses. Students will be challenged to form and act upon judgments around strategic directions, marketing priorities, and entrepreneurial opportunities. There is a strong focus on the need to collectively arrive at decisions within decision groups, and to argue for these choices through typical business communication formats (e.g. business plans, slide packs, formalised reviews).  

Intended learning outcomes

On successful completion of this subject, students should be able to:

  • Demonstrate knowledge of the theories and concepts from the fields of management, marketing and business studies in a domestic and international context.
  • Apply theories and models from the fields of management, marketing and business studies to business and organisational problems
  • Prioritise and justify business judgments
  • Analyse and present data to support business judgments
  • Evaluate opportunities in light of ethical and sustainability considerations

Generic skills

  • Applying critical and analytical skills and methods to the identification, evaluation and resolution of complex problems
  • Working collaboratively and productively in groups
  • Communicating ideas effectively in both written and oral formats
  • Recognising and understanding the ethical responsibilities of individuals and organisations in society
  • Engaging confidently in self-directed study and research

Last updated: 11 November 2024