Strategic Decision Making: Smart Business Choices in 2024

Updated for 2023!

To be successful in business, you have to make good decisions.

Sounds easy enough. The problem is: how do you know if your decision is any good until long after you have seen its results? Are you properly predicting the outcomes of your decisions? Are you always getting the results you wanted?

Analyzing your situation, evaluating pros and cons, predicting future outcomes, ... these are all skills needed to make good decisions. And considering how many decisions you have to make in your business, it's a lot to handle.

You have to:

• Know how each decision impacts your whole business

• Understand what you can and can not control

• Evaluate your options and choose the best one

This course is a step by step guide in Problem Solving with simplicity. You will learn a simple decision making framework that you can apply in a multitude of scenarios. Every decision means a change, and a change means that something will be gained and something will be lost. This framework makes it easy to find out what is changing and know you are making the right decision about it.

If you are running a business, managing a business, or directing a business team, you are responsible for strategic decisions and their success (or failure).

Course Structure

The intro section will provide a detailed guide to what constitutes Decision Making, including the types of decision a business encounters.

We will then dive into the three areas of effective decision making in

1. Pre Game - understanding your current position

2. Gains - understanding the upsides to your decision options

3. Losses - understanding the downsides to your decision options

Finally, we will review how to use all of the above, and check out the new bonus section Decision Making Models for new videos explaining traditional decision making models, and how they fit in with the above framework.