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EncartaLabs

Decision Making

( Duration: 2 Days )

This Decision Making training course will teach you the notions and philosophy behind decision-making as well as the process, tools, techniques, and strategies of management decision making. Moreover, we will provide you with the tips to influence the others’ decision-making and to stay away from the drawbacks of typical mistakes of decision making. This course will help you develop and establish long-term strategies based on effective decisions that will lead to a competitive advantage for your organization.

This course will teach you how to establish the situation around where decision is taken, how to analyze all elements engaged in developing possibilities, how to evaluate each possibility towards the requirements, to determine the best alternative and then how to derive that into an effective decision.

By attending Decision Making workshop, delegates will learn to:

  • Understand the major keystones of making high-quality decisions
  • Set a decision result they expect to accomplish
  • Describe the main stakeholders and their responsibilities in the process of decision making
  • Determine how decision making models influence others and the decision making context
  • Use instinctive and data-based decision making in the right situations
  • Use a structure and methods to oversee high-quality decisions
  • Guide their team towards a high-quality decision
  • Understand the significance and the long-term effect of making effective decisions
  • Sustain dignity during the rise of a problem
  • Apply the right tools for collecting facts needed for successful decision making
  • Distinguish between different styles of decision making
  • Lead a successful problem solving session
  • Handle difficult scenarios by comprehending the best and alternate solutions
  • Create and sustain open interactions
  • Express their opinions in an unambiguous and convincing style
  • Improve the required skills to lead creative brainstorming sessions
  • Separate and analyze options for solving problems
  • Determine best solutions via scoring and ranking options
  • Understand the necessity to accomplish a long-term solution and accomplish success

The Decision Making class is ideal for:

  • Project managers
  • Program managers
  • Team leaders
  • Analysts
  • All the professionals involved in making high quality decisions

COURSE AGENDA

1

Overview of Managerial Decision Making

  • Various forms of decision making
  • Strategic decision making definition
  • Difference between strategic and tactical decisions
  • Strategic decision making process
  • Why implementing the decision is crucial?
  • Discussing the decisions you might have to make
  • The Keystones of excellent decisions
  • Understanding the problems you face
  • Decision context
  • Decision constraints
  • Tasks
  • The Importance of Management Decision Making
  • How to find the root causes of issues
  • Decision making styles
  • Principles behind an effective decision making
  • Steps and thoughts for good decision making
  • Step-by-step process of decision making
  • Big picture and the decisions impact on it
  • Implementing solutions while securing open interactions and creativity
2

The Decision Making Structure

  • Determining the problem, needs, or opportunities
  • Constructing the decision framework
  • Researching the alternatives
  • Assessing the alternatives
  • Going with the right choice
  • Putting the selected option into action
  • Evaluating the results
3

How to Shape the Decision Framework

  • There is no universal structure
  • Fully comprehend the decision framework
  • What/why you are deciding about?
  • Determining the results-oriented objectives
  • Determining the principals of decision making
  • Choosing the key stakeholders
4

Evaluation Matrices

  • Knowing all about your competitors
  • The outcomes you would like to achieve
  • What does it take to accomplish your goals?
  • What are accessible resources?
  • Factors of success
5

Being Cautious about Decision Traps

  • What are the potential decision traps
  • How managers can avoid them
  • Impact of stereotypes on your decisions
  • Why each company requires its unique style of decision making?
  • Why do you need to stay away from the initial “guesstimates” in your decision-making?
  • How confirming information can result in faulty decisions
6

Decision Categories

  • Range of decision forms
  • Instinctive decision making
  • Evaluating various models of decision making
  • Data-based decision making
  • Managing the decision process
7

Strategic Decision Making Development

  • Analyzing the process of strategic decision making
  • Wrong executive decision making signs
  • Decision making models
  • How to improve your decision making skills
  • How come managers are not and cannot be rational when making decisions
8

Risk and Probabilities

  • Definitions of uncertainty, risk, and certainty
  • Measuring possibilities and probable values
  • Integrating probabilities to accomplish effective results
  • Effect of decision framing prejudices managers’ decisions and their insights of value
  • When managers are entitled to make risky choices
  • How to make the decisions influencing behavior
9

Communication Role in Decision Making

  • How poor communication harm decision making
  • DISC Model components associated with human behavior
  • Empowering behavioral styles to enhance strategic decision making
10

Decision Making as A Team

  • Situations requiring individual and group decision making
  • Vroom-Yetton Decision Tree Model
  • Pros and cons of team decision making
  • Effective approaches in group decision making
11

Role of Creativity in Managerial Decision Making

  • How to avoid the assumptions from blocking creativity
  • Effect of cognitive practices on creativity
  • Breaking the creative barriers to improve the creativity
  • How to enhance brainstorming
12

Establishing a Successful Procedure for Strategic Decision Making

  • Developing an efficient strategic decision making procedure
  • Evaluating the already existing strategic situation
  • Establishing long-term strategic objectives
  • How to assess the alignment and gap of the plan
  • Developing and analyzing various strategic pathways
  • Monitoring and evaluating the effectiveness of the implemented decisions

Encarta Labs Advantage

  • One Stop Corporate Training Solution Providers for over 6,000 various courses on a variety of subjects
  • All courses are delivered by Industry Veterans
  • Get jumpstarted from newbie to production ready in a matter of few days
  • Trained more than 50,000 Corporate executives across the Globe
  • All our trainings are conducted in workshop mode with more focus on hands-on sessions

View our other course offerings by visiting https://www.encartalabs.com/course-catalogue-all.php

Contact us for delivering this course as a public/open-house workshop/online training for a group of 10+ candidates.

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