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Course, academic year 2023/2024
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Managerial Decision-making in Sport - PMNG227NC
Title: Managerial Decision-making in Sport
Guaranteed by: Department of Sport Management (51-300100)
Faculty: Faculty of Physical Education and Sport
Actual: from 2023 to 2023
Semester: winter
Points: 0
E-Credits: 4
Examination process: winter s.:
Hours per week, examination: winter s.:1/1, C+Ex [HT]
Capacity: unknown / unknown (0)
Min. number of students: unlimited
4EU+: no
Virtual mobility / capacity: no
Key competences:  
State of the course: taught
Language: English
Teaching methods: full-time
Teaching methods: full-time
Level:  
Guarantor: doc. PhDr. Jan Šíma, Ph.D.
Ing. Mgr. Daniel Opelík
Incompatibility : PMNG227
Interchangeability : PMNG227
Annotation -
Last update: PhDr. Josef Voráček, Ph.D. (03.05.2022)
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.
Aim of the course -
Last update: PhDr. Josef Voráček, Ph.D. (03.05.2022)

After successful completion of this course, students will be able to:

  • identify decision-making problems in the sports sector,
  • apply a suitable decision-making process to a selected decision-making problem,
  • distinguish with the help of managerial decision-making methods whether it is a cause or a consequence of a given problem,
  • structure the decision problem graphically in order to clarify the decision problem,
  • calculate decision options using uncertainty and risk decision-making rules,
  • use the principle of decision and probability trees for complex problems of the sports sphere,
  • explain the economic logic of managerial decision-making on the principle of utility, especially with the help of graphics and apparatus.
Course completion requirements -
Last update: PhDr. Josef Voráček, Ph.D. (03.05.2022)

Assessment requirements:

  • successful completion of continuous tests
  • writing an argumentative essay

Examination requirements:

  • written exam
Literature -
Last update: PhDr. Josef Voráček, Ph.D. (03.05.2022)

Basic study literature:

Abubakar, A. M., Elrehail, H., Alatailat, M. A., & Elçi, A. (2019). Knowledge management, decision-making style and organizational performance. Journal of Innovation & Knowledge, 4(2), 104-114.
Coccia, M. (2020). Critical Decisions in Crisis Management: Rational Strategies of Decision Making. Journal of Economics Library, 7(2), 81-96.
Williams, A. M., & Jackson, R. C. (Eds.). (2019). Anticipation and decision making in sport. Routledge.

Recommended study literature:

Köhn, J. (2017). Uncertainty in economics. Contributions to Economics.
McCann, B. T. (2020). Using Bayesian Updating to Improve Decisions under Uncertainty. California Management Review, 63(1), 26-40.
Hamilton, B., Burt, P., & Anderson, L. (2021). Decision-Making in Sport During a Pandemic. Clinical Journal of Sport Medicine, 31(6), 516-521.

Syllabus -
Last update: PhDr. Josef Voráček, Ph.D. (03.05.2022)

Lectures:

  1. Basic concepts of managerial decision-making, decision-making problems. Participatory decision-making and choice of decision-making style.
  2. Decision problems, decision processes, analysis of decision problem structures.
  3. Identification and analysis of decision problems. Methods of causal analysis.
  4. Methods of analysis of decision problems. Selected methods of creating variants.
  5. Certainty, risks and uncertainty in the context of economic theory.
  6. Selected rules of decision making under uncertainty. Suitability of decision-making variants in sports.
  7. Selected rules of risk decision-making, decision trees. The relationship of managerial decision-making to other managerial and economic disciplines.

Seminars:

  1. Credit requirements, principles of professional essays, basics of decision theory. Variants of decision problems.
  2. Psychological traps in decision-making practice. Identification and analysis of decision problems - practical examples.
  3. Methods of causal analysis.
  4. Methods of analysis of decision problems in the application level.
  5. Economics - expected result, expected benefit. Benefit function in individual variants of the decision-maker's relationship to risk.
  6. Selected rules of decision making under uncertainty with application to the sports segment.
  7. 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.
 
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