COMM1100 Business Decision Making

Hello, if you have any need, please feel free to consult us, this is my wechat: wx91due

COMM1100 Business Decision Making


Course Details & Outcomes

Course Description

This is the first course in the Integrated First Year of the Bachelor of Commerce and offers students an introduction to business decision-making. Students learn about economic, corporate responsibility and legal principles to understand what organisational actors need to consider and what actions they might take. Fundamental economic principles inform decision-makers to ask and answer questions about how the economy works, and how these principles influence the decisions that individuals and organisations make. Core legal principles guide decision-makers to protect value for owners and other stakeholders, and to protect both managers and organisations from public and private legal actions arising from their decisions.  Corporate sustainability principles direct decision-makers to meet the organisation’s responsibilities to a range of stakeholders.

Course Aims

COMM1100 gives students an understanding of the interplay of economic, legal, and corporate responsibility principles in business decisions. Students learn to identify relevant economic models and analyse how they are used in business decisions; identify legal issues that arise in commercial situations and analyse how they influence business decisions; and identify the key features of corporate (social, environmental) responsibility, and how the business world can contribute to the greater good.

Relationship to Other Courses

COMM1100 is a prerequisite for COMM1150 Global Business Environments.

Course Learning Outcomes

Course Learning Outcomes Program learning outcomes
CLO1 : Explain the interplay of economic, legal, and corporate responsibility principles in business decisions
  • PLO1 : Business Knowledge
CLO2 : Identify appropriate economic models and analyse how they are used in business decisions
  • PLO1 : Business Knowledge
  • PLO2 : Problem Solving
CLO3 : Identify legal issues that arise in commercial situations and analyse how they influence business decisions
  • PLO1 : Business Knowledge
  • PLO2 : Problem Solving
CLO4 : Identify the key features of corporate (social, environmental) responsibility, and how the business world can contribute to the greater good
  • PLO1 : Business Knowledge
  • PLO5 : Responsible Business Practice
CLO5 : Apply appropriate search strategies to research and summarise relevant and valid information from a range of suitable sources
  • PLO3 : Business Communication


Course Learning Outcomes Assessment Item
CLO1 : Explain the interplay of economic, legal, and corporate responsibility principles in business decisions
  • Tutorial participation
  • Problem Set
  • Case study analysis
  • Final exam
CLO2 : Identify appropriate economic models and analyse how they are used in business decisions
  • Tutorial participation
  • Problem Set
  • Case study analysis
  • Final exam
CLO3 : Identify legal issues that arise in commercial situations and analyse how they influence business decisions
  • Tutorial participation
  • Problem Set
  • Case study analysis
  • Final exam
CLO4 : Identify the key features of corporate (social, environmental) responsibility, and how the business world can contribute to the greater good
  • Tutorial participation
  • Problem Set
  • Case study analysis
  • Final exam
CLO5 : Apply appropriate search strategies to research and summarise relevant and valid information from a range of suitable sources
  • Tutorial participation
  • Case study analysis
  • Final exam

Learning and Teaching Technologies

Moodle - Learning Management System | Zoom

Learning and Teaching in this course

The teaching strategy for this course is based on a problem and scenario-based learning model, in which students are presented with a problem or a problem set, accompanied by simulated and real-world scenarios to help address the problems. This strategy is underpinned by a constructivist approach where students undertake a series of activities to develop their own problem-solving, decision-making, collaboration, and communication.

Teachers and tutors are guides and mentors helping students to construct their own knowledge rather than reproduce a series of facts. Students will be provided with models and tools for problem-solving, which they will use to progressively formulate and test their ideas against simulated and real-world scenarios, and communicate their knowledge in a collaborative learning environment.

The student journey is based on an adaptation of the St Gallen Management Model (SGMM). The framework guides students through the course sequence of COMM1100 (focused on the centre, given the environment) and COMM1150 (focused on the complex business environment), from the starting point of an organisation's diverse stakeholders.

Additional Course Information

Communication with Course Staff

Questions about course content should be asked during live lectures, in tutorials, or via the course Moodle forum. Asking questions in these places allows other students with similar questions to benefit from the response and helps create a dynamic, supportive learning community.

For personal academic matters, please email the course email address [email protected].

When sending an email to course staff, you must use your UNSW email address and include your zID. Please be courteous and use appropriate email etiquette (i.e., no text-message short-hand). Course staff will closely monitor the course Moodle forum and email address and endeavour to respond to all enquiries received  through these channels within one business day. Emails sent to staff members' personal email addresses may be answered with a significant delay.

Use of your Webcam and Digital Devices

If you enrol in an online class, or the online stream of a hybrid class, teaching and associated activities will be conducted using Teams, Zoom, or similar technologies. Using a webcam is optional, but highly encouraged, as this will facilitate interaction with your peers and instructors. If you are worried about your personal space being observed during a class, we encourage you to blur your background or make use of a virtual background. Please contact the Lecturer-in-Charge if you have any questions or concerns.

Some courses may involve undertaking online exams for which your own computer or digital devices will be required. Monitoring of online examinations will be conducted directly by University staff and is bound by the University's privacy and security requirements. Any data collected will be handled accordance with UNSW policies and standards for data governance. For more information on how the University manages personal information please refer to the UNSW Student Privacy Statement and the UNSW Privacy Policy.

Learning Activities and Teaching Strategies

COMM1100 is delivered both on-campus and online. Each week, students will have 2 hours and 30 minutes of lecture time and 2 hours of tutorial. This lecture time is divided into 1 hour of asynchronous individual core learning and a 1 hour and 30 minute live lecture. Students must complete the individual core learning before attending the live lecture. In the tutorial, students will practice applying the principles and concepts from the individual core learning and live lecture in a small group environment.

Assessments

Assessment Structure

Assessment Item Weight Relevant Dates Program learning outcomes
Tutorial participation
Assessment FormatIndividual
10%
Start DateNot Applicable
Due DateNot Applicable
  • PLO1 : Business Knowledge
  • PLO2 : Problem Solving
  • PLO3 : Business Communication
  • PLO5 : Responsible Business Practice
Problem Set
Assessment FormatIndividual
15%
Start DateWeek 4, Friday
Due DateWeek 4, Friday
  • PLO1 : Business Knowledge
  • PLO2 : Problem Solving
  • PLO5 : Responsible Business Practice
Case study analysis
Assessment FormatIndividual
25%
Start DateNot Applicable
Due DateWeek 7 Friday
  • PLO1 : Business Knowledge
  • PLO2 : Problem Solving
  • PLO3 : Business Communication
  • PLO5 : Responsible Business Practice
Final exam
Assessment FormatIndividual
50%
Start DateNot Applicable
Due DateNot Applicable
  • PLO1 : Business Knowledge
  • PLO2 : Problem Solving
  • PLO3 : Business Communication
  • PLO5 : Responsible Business Practice

Assessment Details

  • Tutorial participation
    Assessment Overview

    The quality and frequency of students' participation in tutorials will be assessed from Week 2 - 10. A document with guidelines will be made available on Moodle.

    Assesses: PLO1, PLO2, PLO3, PLO5

    Course Learning Outcomes
    • CLO1 : Explain the interplay of economic, legal, and corporate responsibility principles in business decisions
    • CLO2 : Identify appropriate economic models and analyse how they are used in business decisions
    • CLO3 : Identify legal issues that arise in commercial situations and analyse how they influence business decisions
    • CLO4 : Identify the key features of corporate (social, environmental) responsibility, and how the business world can contribute to the greater good
    • CLO5 : Apply appropriate search strategies to research and summarise relevant and valid information from a range of suitable sources
    Detailed Assessment Description

    The quality and frequency of students' participation in tutorials will be assessed from Week 2 - 10. A document with guidelines will be made available on Moodle.

    To provide students with flexibility for illness, misadventure, or other unforeseen circumstances, the overall participation mark will be calculated as the average of the best 6 of the 8 possible tutorial marks. .

    Assignment submission Turnitin type

    Not Applicable

  • Problem Set
    Assessment Overview

    A problem set will be used to assess and give feedback on students' progress in understanding and applying the course concepts. The problem set will be in the form of an online quiz in Week 4

    Assesses: PLO1, PLO2, PLO5

    BCom students: myBCom course points for PLO5


    Course Learning Outcomes
    • CLO1 : Explain the interplay of economic, legal, and corporate responsibility principles in business decisions
    • CLO2 : Identify appropriate economic models and analyse how they are used in business decisions
    • CLO3 : Identify legal issues that arise in commercial situations and analyse how they influence business decisions
    • CLO4 : Identify the key features of corporate (social, environmental) responsibility, and how the business world can contribute to the greater good
    Detailed Assessment Description

    The problem set will assess students' understanding and ability to apply core concepts of the course. This  will take the form of a timed quiz, which may feature a variety of question types, such as multiple choice, short essay, or numerical response. The set of questions will differ across students. Students will have one attempt at each quiz.

    Additional details and preparation materials will be provided on the course Moodle site.

    BCom students: myBCom course points for PLO5

    Assignment submission Turnitin type

    Not Applicable

Assessment Overview

This written assessment will allow students to demonstrate and receive feedback on their ability to apply the course concepts to a business case. (1,200 words due in Week 7)

Assesses: PLO1, PLO2, PLO3, PLO5


Course Learning Outcomes
  • CLO1 : Explain the interplay of economic, legal, and corporate responsibility principles in business decisions
  • CLO2 : Identify appropriate economic models and analyse how they are used in business decisions
  • CLO3 : Identify legal issues that arise in commercial situations and analyse how they influence business decisions
  • CLO4 : Identify the key features of corporate (social, environmental) responsibility, and how the business world can contribute to the greater good
  • CLO5 : Apply appropriate search strategies to research and summarise relevant and valid information from a range of suitable sources
Detailed Assessment Description

This written assessment will allow students to demonstrate and receive feedback on their ability to apply the course concepts to a business case. Additional details and submission instructions will be provided on the course Moodle site.

Submission notes

PDF or Word documents only.

Assignment submission Turnitin type

This assignment is submitted through Turnitin and students do not see Turnitin similarity reports.

  • Final exam
    Assessment Overview

    The final exam will be administered online and will consist of two parts: Part 1 will consist of case analysis, and Part 2 will consist of a problem set.

    Assesses: PLO1, PLO2, PLO3, PLO5

    BCom students: myBCom course points for PLO2

    Course Learning Outcomes
    • CLO1 : Explain the interplay of economic, legal, and corporate responsibility principles in business decisions
    • CLO2 : Identify appropriate economic models and analyse how they are used in business decisions
    • CLO3 : Identify legal issues that arise in commercial situations and analyse how they influence business decisions
    • CLO4 : Identify the key features of corporate (social, environmental) responsibility, and how the business world can contribute to the greater good
    • CLO5 : Apply appropriate search strategies to research and summarise relevant and valid information from a range of suitable sources
    Detailed Assessment Description

    The final exam will be administered online and will consist of two parts.

    Part 1 will consist of a case analysis. Students will be required to undertake research on this case, using available resources
    through the UNSW Library catalogues, databases and collections, or other appropriate sources.

    Part 2 will consist of a problem set, which will be similar in style to Assessment 2.

    Additional details and submission instructions will be provided on the course moodle site.

    BCom students: myBCom course points for PLO2

    Submission notes

    Part 1 - PDF or Word documents only.

    Assignment submission Turnitin type

    This assignment is submitted through Turnitin and students do not see Turnitin similarity reports.

General Assessment Information


Grading Basis

Standard

Requirements to pass course

In order to pass this course students must:

  • Achieve a composite mark of at least 50 out of 100.
  • Engage actively in course learning activities and attempt all assessment requirements.
  • Meet any additional requirements specified in the assessment details.

Course Schedule

Teaching Week/Module Activity Type Content
Week 1 : 27 May - 2 June Lecture

Introduction to Business Decision Making

  • Stakeholders to business decisions
  • Normative and instrumental factors
  • The role of markets and corporate responsibility in business decision-making
Week 2 : 3 June - 9 June Lecture

Decision Making

  • Opportunity cost

Decision Making in Markets

  • Comparative Advantage

Competitive Markets

  • Demand
  • Supply
  • Market equilibrium
Assessment

Tutorial participation

Week 3 : 10 June - 16 June Lecture

Market power and imperfect competition

Surplus measures and welfare

The efficiency of competitive markets

Assessment

Tutorial participation


Week 4 : 17 June - 23 June Lecture

Legal rights of stakeholders in decision-making

  • Legal entities
  • Agreement (contract)
  • Control (consumer protection law)
  • Liability (duty of care)
  • Ownership (intellectual property)


Assessment

Tutorial participation

Assessment 2 Problem Set --  4:00PM( AEST) Friday, 21 June.

Week 5 : 24 June - 30 June Lecture

Stakeholders and customer relations decisions

  • Price discrimination
  • Consumers as stakeholders
Assessment

Tutorial participation

Week 6 : 1 July - 7 July Homework

Flexibility Week - No lectures or tutorials

Week 7 : 8 July - 14 July Lecture

Competitor relations decisions

  • Introduction to game theory
  • Competition law
  • Reciprocity
  • Dual concerns


Assessment

Tutorial participation

Assessment 3: Case study analysis : Due Week 7: 4.00PM (AEST) Friday, 12 July.

Week 8 : 15 July - 21 July Lecture

Employee and supplier relations decisions

  • Supply chains
  • Labour markets
  • Boundaries of the firm
  • Normative considerations in employee and supplier-related decisions


Assessment

Tutorial participation

Week 9 : 22 July - 28 July Lecture

Decision interactions with government and broader society

  • The role of government in business
  • Externalities
  • Effects of taxes, subsidies and price controls
  • Taxation law
Assessment

Tutorial participation


Week 10 : 29 July - 4 August Lecture

Stakeholder decisions in relations with managers

  • Moral hazard and principal-agent problems
  • Stakeholder power and influence
  • Stakeholders activism

Complexity in business decision-making

Assessment

Tutorial participation

Attendance Requirements

Students are strongly encouraged to attend all classes and review lecture recordings.

Course Resources

Prescribed Resources

All course materials will be provided via the course Moodle site.

Course Evaluation and Development

Feedback is regularly sought from students and continual improvements are made based on this feedback. At the end of this course, you will be asked to complete the myExperience survey, which provides a key source of student evaluative feedback. Your input into this quality enhancement process is extremely valuable in assisting us to meet the needs of our students and provide an effective and enriching learning experience. The results of all surveys are carefully considered and do lead to action towards enhancing educational quality.


发表评论

电子邮件地址不会被公开。 必填项已用*标注