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Strategic Decision Making
Course Code: BM-STM
This course will teach you how to plan, frame, and research decisions. You will learn how to define decisions, apply appropriate decisions frames, avoid overconfidence and deal with uncertainty. You will also learn how to generate options and select the best one, develop numerous high-quality options, evaluate these options and make a final choice. It will also teach you to review and learn from experience, identify optimal decision outcomes, and identify and manage linked decisions. You will learn how an organization can benefit from employing strategic decision-making techniques, and how to use decision-making strategies to improve negotiation skills. The courseware is designed for quick scanning in the classroom and filled with interactive exercises that help ensure student success.
This course is targeted at individuals or business professionals that want to want to learn how to make decisions considering the Company’s goals and its strategic objectives by using small, quantifiable goals that contribute to its overall mission.
There are no prerequisites for this course.
This course will equip you with knowledge and skills that will enable you to:
- Identify the factors and steps involved in decision making, define decisions appropriately, understand and use decision frames, and overcome overconfidence and uncertainty.
- Generate options for a decision and select an option by evaluating the options.
- Review decisions and learn from their results. Learn from the experience of others.
- Create scenarios by using the extremes and driving forces methods, make linked decisions, and follow the guidelines for making linked decisions.
- Assure the success of a decision, arrive at a group decision by using affinity diagrams, and overcome decision making barriers such as conflicts and groupthink.
- Improve negotiation strategy and decision outcomes and avoid pitfalls in negotiations.
There is no exam associated with this course.
Modules
- Topic A: Fundamentals of decision making
- Topic B: Defining decisions
- Topic C: Decision frames
- Topic D: Researching decisions
- Topic A: Generating options
- Topic B: Selecting an option
- Topic A: Results of your decisions
- Topic B: Learning from the experience of others
- Topic A: Decision scenarios
- Topic B: Linked decisions
- Topic A: Making group decisions
- Topic B: Overcoming decision making barriers
- Topic A: Making negotiation decisions
- Topic B: Decision making pitfalls for negotiators