ULMS Electronic Module Catalogue

The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title ENTREPRENEURIAL DECISION MAKING
Code ULMS713
Coordinator Miss M Plesa
Strategy, IB and Entrepreneurship
Magdalena.Plesa@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2022-23 Level 7 FHEQ Second Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):

 

Modules for which this module is a pre-requisite:

 

Programme(s) (including Year of Study) to which this module is available on a required basis:

 

Programme(s) (including Year of Study) to which this module is available on an optional basis:

 

Teaching Schedule

  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours 12

12

      6

30
Timetable (if known) 120 mins X 1 totaling 12
 
120 mins X 1 totaling 12
 
      60 mins X 1 totaling 6
 
 
Private Study 120
TOTAL HOURS 150

Assessment

EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
             
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Formative group presentation in week 4 of the module.  15         
Individual assignment There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When): Semester 2    100       

Aims

This module aims to provide students with an understanding of the cognitive and affective factors influencing decision-making and how cognition can be harnessed to stimulate creativity and innovation. In addition the module aims to provide students with an understanding of the factors influencing business risk and how risks can be managed and controlled. The module draws from the psychological literature to explore the variety of factors which influence entrepreneurial decision making throughout the lifecycle of the business, specifically focusing on: business start-up; creativity and innovation; risk management and conflict resolution.


Learning Outcomes

(LO1) Apply thinking techniques to effectively solve problems and innovate;

(LO2) Conduct risk assessment;

(LO3) Compile a business plan;

(LO4) Critically evaluate a business plan;

(LO5) Conduct effective group discussions;

(LO6) Apply the techniques of principled negotiation to managing conflict and negotiating.

(S1) Written communication skills. Developed by working on assignment.

(S2) Problem solving skills. Developed through practical exercises, case studies.

(S3) Ethical awareness. Developed mainly in lectures.

(S4) Commercial awareness. Developed in lectures and private study.

(S5) Research skills. Developed in lectures and private study.

(S6) Team working skills. Developed in case studies and role play.

(S7) Presentation skills. Developed through results of case study analysis.

(S8) Lifelong learning. Developed in lectures and classroom based work.


Teaching and Learning Strategies

2 hour lecture x 6 weeks
2 hour seminar x 6 weeks
1 hour group learning x 6 weeks
120 hours self-directed learning


Syllabus

 

Day 1: Introduction to the module. Personality factors, creativity and innovation;

Day 2: Problem solving and the psychology of risk;

Day 3: Compiling and evaluating the business plan;

Day 4: Group decision making, managing high performance teams;

Day 5: Escalation in decision-making;

Day 6: Negotiation and conflict resolution.


Recommended Texts

Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.