Strategic Decision Making

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Course Focus

The ability to make effective and timely decisions is an essential skill for successful executives. Mastery of this skill influences all aspects of day-to-day operations as well as strategic planning. In this course, developed by Professor Robert Bloomfield, Ph.D. of Cornell University’s Johnson Graduate School of Management, you will hone your decision-making skills by following a methodology based on tested actions and sound organizational approaches. You will leave this course better equipped to confidently tackle any decision large or small, and you’ll do so in a way that creates the optimal conditions for success.

Who should take this course?

This course is intended for mid- to upper-level managers, high potentials, and senior leaders with over three years’ experience. Learners may come from every continent and from a diverse range of organizations, including for profits large and small, NGOs, and governmental agencies.

Key Benefits

Participants who complete this course will be able to...

  • 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

Topics Include

Module 1 - Deliberate, Delegate or Trust Your Gut?

  1. Recognizing and Handling Urgency
  2. When Taking Your Time Makes Sense
  3. Decision-Making Wins and Fails

Module 2 - Identify Alternatives

  1. Unbundling and Rebundling Attributes
  2. Using Options to Split the Difference
  3. Techniques for Expanding Alternatives

Module 3 - Account for Biases

  1. Availability Bias, Future Framing, and the Halo Effect
  2. Escalation Bias and the Planning Fallacy
  3. Identify and Counteract Biases

Module 4 - Gather and Weight Information

  1. Clarifying Strategy with a Causal Map
  2. Gathering Data
  3. Assessing Data Quality

Module 5 - How to Value Risk in Outcomes

  1. Options, Risk Management, and Maximizing Value

Module 6 - Follow Through

  1. Responsibility and Accountability
  2. Inputs, Outputs, and Outcomes
  3. Assign Responsibilities and Accountabilities

Faculty

Course Cost US$769
Hours to Complete Course: 6.0
CEUS earned 0.6
This course is part of one or more online certificates:

Please choose from the following course start dates:

August 21, 2019 Add to Cart
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