Strategic Decision Making
June 19 - June 23\ 2023 : London
September 11– September 15 \ 2023 :London
October 02 - October 06 \ 2023 : London
November 13 - November 17\2023 : London
Introduction
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, 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.
Strategic decisions are not only among the most important decisions we make daily, but also the most challenging because they present multiple, conflicting, strategic objectives and points of view, which are difficult to balance. They involve long-term impacts that are hard to predict and quantify, require creativity in the definition of winning alternatives and, typically entail a commitment of a huge amount of resources, which may be irreversible.
This unique 5-day IACT training course offers you the opportunity to overcome these challenges, master the art and science of strategic decision making, and gain experience with proven techniques for making better strategic decisions in the contexts of complexity, uncertainty and often conflicting objectives.
Objectives
Participants attending the training seminar will:
Þ Respond decisively and consistently when faced with situations that require a decision
Þ Grasp the reasons for making decisions using the process of structured analysis
Þ Identify when and how to involve others in the process making decisions or solving problem
Þ Apply the steps to use to achieve the highest probability of successful decisions and solutions
Þ Interpret and analyse data more successfully
Þ Appreciate the significance and value of various problem-solving approaches and styles
Þ Develop an operational framework for effectively facing a variety of problem situations
Þ Determine the most important features of the decision you need to make, based on the setting and the context
Þ Recognize and compensate for psychological factors in yourself and in others that affect decision quality
Þ Incorporate available information into decisions, with an awareness of the limitations of that information
Þ Establish responsibilities and accountabilities to ensure effective followthrough on decisions made
Who Should Attend?
Þ This course is intended for upper-level managers, high potentials, and senior leaders with over SEVEN 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.
Þ Managers who are or will be in leadership positions
Þ Executives from across the organizations who are involved in important decisions
Þ Team leaders
Course Methodology
The course uses self-assessments and a wide mix of business cases that promote healthy discussions around the importance of managing multiple tasks, deadlines and priorities. Participants will benefit from role plays covering workplace challenges related to handling tasks, deadlines and priorities. They will learn how to deal with conflicts that may arise as a result. Interactive team exercises are also used with each team presenting their findings and comments.
Each module covers different aspects of using Game-Based Learning and Gamification in education. Coursework will incorporate your existing knowledge and experience and provide helpful learning environment with a good mix of theoretical and practical knowledge. On all outlines will apply Skills for Game-Based Learning and Gamification and practiced in hands-on, collaborative way within an international group setting.
This interactive training course includes the following training methodologies as a percentage of the total tuition hours:
- 30% Lectures, Concepts, Role Play
- 30% Workshops & Work Presentations, Techniques
- 20% Based on Case Studies & Practical Exercises
- 20% Videos, Software & General Discussions
Pre and Post Test
Outline
DAY 1:
Effective Decision Making
Þ Define decision making
Þ Rational v emotional decision making
Þ Individual v Collective
Þ The science behind decisions
Þ Avoiding decision making
Þ Psychological biases
DAY 2 :
Decision Models
Þ Process of decision making
Þ Kepner Tregoe
Þ Decision trees
Þ Other tools
Þ Intuition: thinking fast and slow
Þ Neuroscience – the brain is not 2 halves
DAY 3 :
Problem Analysis/ Problem Solving
Ü Types of problems
Ü Problem solving process
Ü Question bursts
Ü Solving complex problems
Ü Who makes decisions?
Ü Getting consensus
DAY 4:
Managers and Decision-Making
Þ Strategic decision making
Þ Understanding the environment
Þ Variables in strategy development
Þ Option development/option selection
Þ Delivering multiple goals, agendas, objectives
Þ Building a strategic planning framework
DAY 5
Engaging & Empowering Staff
Þ The paradox: compliance v creativity
Þ Agile decision making
Þ What if mistakes occur?
Þ Strategic drift
Þ Decisions at an inflection point
Þ Review and action planning
Þ Workshop combines case studies, group activities and simulation to explore the concepts and tools of strategic decision making. You will apply what you are learning to your own strategic decisions, and you’ll receive worksheets and guides for making better strategic decisions back at your organization
Fees:
The Fee for the seminar, including instruction materials, documentation, lunch, coffee/tea breaks & snack is: 4.950USD$
Schedule:
08:30 – 10:15 First Session
10:15 – 10:30 Coffee Break
10:30 – 12:15 Second Session
12:15 – 12:30 Coffee Break
12:30 – 14:00 Third Session