2392 Strategic Decision Making
Mag.Mag. Christian Schumacher, Ph.D.
Contact details
  • Type
  • Weekly hours
  • Language of instruction
09/22/21 to 09/27/21
Registration via LPIS
Notes to the course
Subject(s) Master Programs
Day Date Time Room
Tuesday 12/07/21 02:00 PM - 07:00 PM Online-Einheit
Thursday 12/09/21 02:00 PM - 07:00 PM Online-Einheit
Tuesday 12/14/21 02:00 PM - 07:00 PM Online-Einheit
Wednesday 12/15/21 09:00 AM - 02:00 PM Online-Einheit
Thursday 12/16/21 02:00 PM - 07:00 PM Online-Einheit


Business resolves around making decisions. Leaders, managers, and everybody else frequently need to make important decisions, often with very limited information and under considerable uncertainty. The purpose of the class is to familiarize students with normative and descriptive approaches to decision making and to enable them to analyze and understand the challenges of decision making in organizations. The course will consist of a mixture of lectures, decision making exercises and case studies. During the class we will talk about fundamental decision making concepts and then discuss them in the context of typical management decisions in organizations. We will focus in particular on the challenges for strategic decision making in organizations that are posed by uncertainty and the different approaches how decision makers can deal with them.

Learning outcomes

Introduce students to the analytic concepts necessary to understand and analyze management decision making in different contexts


Help students to understand and appreciate the crucial importance of randomness and luck in strategic decision making


Enable students to recognize (and name) predictable decision traps in their own decisions and decisions of others


Improve the ability of students to make decisions themselves

Attendance requirements

Attendance is mandatory. You can miss one out of five sessions without losing points, you will lose all participation marks if you miss two sessions and you will automatically fail the class if you miss more than two sessions

Teaching/learning method(s)

Lectures, cases, class discussions


Language: The course is held in English


Class participation (max 30 points)


Individual project (max 30 points)


Group Presentation (max 40 points)


You need to achieve a total of at least 50 points in order to pass the class.


Please note that you will start working on the Individual project during our fourth session so it is essential that you attend this session. You will have 24h to complete the project (including class time).


Last edited: 2021-06-25