Strategic Decision-Making

Overview:

The Strategic Decision-Making training course is designed to provide participants with the knowledge, tools, and frameworks necessary to make effective strategic decisions in complex and uncertain environments. This course covers a range of topics related to strategic decision-making, including decision analysis, risk assessment, scenario planning, and cognitive biases. Participants learn how to evaluate strategic options, assess their potential impact on the organization, and make informed decisions that align with organizational goals and objectives. Additionally, the course may cover topics such as strategic thinking, problem-solving techniques, and decision-making processes to enhance decision-making effectiveness. Through interactive workshops, case studies, and real-world examples, participants have the opportunity to apply strategic decision-making concepts and frameworks to practical business scenarios. Ultimately, the course aims to empower participants to become more confident and effective strategic decision-makers capable of driving organizational success in dynamic and uncertain environments.

Audience:

Anyone who works within companies will benefit from this course on strategic decision-making skills.

Topics Covered.

1. Decision making skills
   • The advantages of better decision making skills.
   • Ensuring ownership of decisions.
   • How to use available resources to make effective decisions.
2. The main types of decisions?
   • The value of different types of decision making available.
3. An effective six-step decision making process
   • Practical steps to improving decision making skills.
   • Decision making skills.
4. Six decision making techniques
   • PMI.
   • Decision trees.
   • Fault trees.
   • Disconfirming questions.
   • Prospective hindsight.
   • Body frame.
5. Understanding uncertainty and risk
   • Key things to consider.
6. Decision making techniques (Part 2)
   • Linked decisions.
   • Trade-offs.
   • The even-swap method.

Learning Outcomes:

• Your participants will:
  • Explore the main obstacles to effective decision making.
  • Understand an effective decision making process.
  • Understand a range of techniques.
  • Examine the benefits of a decision making process.