Foundation In Business Decisions — Syllabus

• Module I: Fundamentals of Business Decision Making
• Module II: Quantitative Techniques for Decision Making
• Module III: Decision Making Under Uncertainty & Risk

Unit 1: Nature, Scope, and Significance of Business Decision Making in Organizations. •

Unit 2: Decision Making Process – Problem Identification, Alternatives, and Evaluation. •

Unit 3: Types of Business Decisions – Strategic, Tactical, Operational, Programmed,

Non-Programmed.

Unit 4: Rationality, Bounded Rationality, and Intuition in Decision Making. •

Unit 5: Data Collection, Presentation, and Descriptive Statistics for Managers. •

Unit 6: Measures of Central Tendency, Dispersion, and Skewness in Business Contexts. •

Unit 7: Probability Theory and Decision Trees for Business Analysis. •

Unit 8: Forecasting Techniques – Time Series Analysis and Regression Analysis. •

Unit 9: Decision Making Under Risk – Expected Value, Maximax, Maximin, Minimax Regret Criteria.

Unit 10: Marginal Analysis, Break-Even Analysis, and Cost-Volume-Profit (CVP) Relationships.

• Module IV: Behavioral & Ethical Aspects of Business Decisions

Unit 11: Linear Programming Formulation and Sensitivity Analysis. •

Unit 12: Scenario Analysis, Sensitivity Testing, and Monte Carlo Simulation Overview. •

Unit 13: Group Decision Making – Brainstorming, Delphi Technique, Nominal Group Technique.

Unit 14: Cognitive Biases, Overconfidence, and Heuristics in Executive Decisions. •

Unit 15: Ethical Decision Frameworks and Corporate Social Responsibility (CSR). •

Unit 16: Technology and AI-Assisted Decision Support Systems (DSS). •