Basics of Decision-Making 12 20 16
1 Meaning, Nature, and Importance of decision making and
Business. Types of decisions: Programmed and Non
Programmed decisions, Strategic, tactical, and
operational decisions. Factors affecting the decision
making.
2 Importance of a Structured Decision-Making Process,
Overview of Various Stages Involved in Decision
Making. Barriers in Decision-making - Psychological
Barriers, Structural and Organisational Barriers,
Environmental Barriers etc.
3 Tools and Techniques for Decision Making: Basic
Statistical Tools, Measures of Central Tendency and
Measures of Dispersion.
4 Tools and Techniques for Decision Making -
Understanding the Concept, Advantages, and
Disadvantages of various tools & techniques:
Brainstorming Technique, Decision Tree Analysis,
SWOT Analysis, Pros and Cons Analysis, PESTLE
Analysis
II Decision-Making Models 12 18
5 Rational Model of Decision-Making – Meaning,
Concept, Importance, Strength and Weakness of Rational
Model, Practical Applications
6 Bounded rationality model - Meaning, Concept,
Importance, Strength and Weakness of Bounded
rationality Model, Practical Applications
7 Intuition-based decision making – Concept and Strength
and Weakness, Role of intuition in decision making,
different types of intuition: Expert Intuition, Social
Intuition, and Strategic Intuition
8 Group decision-making – Meaning, Concept and
significance, overview of various strategies used in group
decision-making, such as consensus building,
brainstorming, and multi-voting
III Basics of Management 12 18
9 Management: Meaning, Nature, Functions. Roles of a
manager in an organisation
32
10 Evolution of management Thought: Classical,
Behavioural, Neo Classical, Modern
11 Types and Levels of management
12 Decision Making Styles of Managers – Autocratic,
Participative, Consultive, Consensus, Directive,
Analytical, Cognitive, Behavioural styles
IV Functions of Management 12 18
18 Planning and Decision-making in Management:
Meaning, Nature, Importance, and types.
19 Organising and Leading in Management: Meaning,
Nature, and Importance. Organisational Structure,
Motivation and Leadership
20 Staffing in Management: Meaning, Nature, and
Importance. HR planning, Recruitment, Selection,
Training and Development.
21 Controlling in Management: Meaning, Nature,
Importance, and Steps in control process. Levels and
Types of Control.
V Open Ended Module 12 10
1 Case Study Analysis and Presentation: Students work in
groups to analyse assigned case studies of businesses
facing strategic decisions. They must present their
analysis, recommendations, and action plans to the class,
followed by a Q&A session.
2 Ethical Decision-Making Debate: Organize debates on
ethical dilemmas faced by businesses, such as
sustainability practices, labor rights, or consumer
privacy. Students take stands, present arguments, and
propose ethical solutions.
3 SWOT Analysis Workshop: Students select a real
company and conduct a SWOT analysis (Strengths,
Weaknesses, Opportunities, Threats) to evaluate its
strategic position. This includes researching the
company, industry, and competitive landscape.
4 Social Media Strategy Campaign: Students design a
social media marketing campaign for a product or
service, including target audience analysis, content
creation, and engagement strategies. They present their
campaign plan and expected outcomes.
- Teacher: Vimya K P Faculty in Commerce & HOD