Strategic Decision Making

Whether you lead the decision making process or participate in it,  you’ll benefit from developing and refining your decision making skills,  both as an individual and as a member of a management team. In this  course, you’ll learn key decision making concepts and processes as well  as tools and techniques to improve strategic decision making. You’ll  also discover factors that influence individual and group decision  making and avoid the pitfalls of common decision making mistakes. Apply  what you learn in Strategic Decision Making to develop and implement long-term strategies that create a competitive advantage for your organization.

This Strategic Decision Making training course teaches students how to  plan, frame, and research decisions. Students learn how to define  decisions, apply appropriate decisions frames, avoid overconfidence,  deal with uncertainty, generate options and select the best one, review  and learn from experience, identify optimal decision outcomes, and  identify and manage linked decisions. Students will also learn how an  organization can benefit from employing strategic decision-making  techniques, and how to use decision-making strategies to improve  negotiation skills.

WHAT YOU'LL LEARN

• Respond decisively and consistently when faced with situations that require a decision

• Determine the most important features of the decision you need to make, based on the setting and the context 

• Recognize and compensate for psychological factors in yourself and in others that affect decision quality

• Incorporate available information into decisions, with an awareness of the limitations of that information

• Establish responsibilities and accountabilities to ensure effective follow­ through on decisions made