Syllabus
Lectures:
Basic concepts of managerial decision-making, decision-making problems. Participatory decision-making and choice of decision-making style.
Decision problems, decision processes, analysis of decision problem structures.
Identification and analysis of decision problems. Methods of causal analysis.
Methods of analysis of decision problems. Selected methods of creating variants.
Certainty, risks and uncertainty in the context of economic theory.
Selected rules of decision making under uncertainty. Suitability of decision-making variants in sports.
Selected rules of risk decision-making, decision trees. The relationship of managerial decision-making to other managerial and economic disciplines.
Seminars:
Credit requirements, principles of professional essays, basics of decision theory. Variants of decision problems.
Psychological traps in decision-making practice. Identification and analysis of decision problems - practical examples.
Methods of causal analysis.
Methods of analysis of decision problems in the application level.
Economics - expected result, expected benefit. Benefit function in individual variants of the decision-maker's relationship to risk.
Selected rules of decision making under uncertainty with application to the sports segment.
Selected rules of decision making for risks, decision trees with application to the sports segment. Questions to think about managerial decision-making in sports organizations.
Annotation
The course Managerial Decision-Making in Sport aims to acquaint students with the basic principles of decision-making, to explain the basics of decision-making theory, to understand decision-making issues from the point of view of economic as well as mathematical theory. Individual methods, principles and procedures of managerial decision-making will be explained and applied to examples from the sports industry, while reflecting the specifics requirements of the sports environment.
Students will be introduced to decision-making problems, including possible procedures for their solution. Furthermore, students will be acquainted with the possibilities of application of selected methods of managerial decision-making, such as methods of causal analysis.
An integral part of the course is also an explanation of the principles of decision-making under certainty, risk and uncertainty. These principles will be explained not only in the form of examples, but will also be derived and documented using a graphical and mathematical apparatus.