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Management Concepts

Decision Making

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Next dates

Jun 5
Washington, District of Columbia, United States
USD 429
USD 429 per day
Sep 23
Tysons, Virginia, United States
USD 429
USD 429 per day
Oct 23
Washington, District of Columbia, United States
USD 429
USD 429 per day
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Description

As organizations become increasingly fast-paced and complex, leaders are tasked with making more decisions, more quickly while still considering the impact on their employees, teams, and organizations. Effective leaders apply critical thinking skills holistically to make countless decisions each day. You will explore a decision-making framework tied to strategic thinking, learn to evaluate decision options that support organizational success, and use real-world scenarios to apply decision-making best practices.

Learning Objectives

  • Discuss steps in a framework for effective decision-making and different types of decisions to be made in the workplace
  • Use strategic thinking to plan and achieve long-term goals

Course Topics

Making Effective Decisions

  • Decision-Making Overview
  • Decision-Making Framework
  • Types of Decisions

Thinking Strategically

  • Thinking Approaches
  • Developing a Strategic Perspective

Who should attend

This course is designed for managers, team leaders, analysts, and individuals who want to make high quality decisions.

Wharton School of Business

The Strategic Decision-Making Mindset

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Next dates

May 21—24
4 days
Philadelphia, Pennsylvania, United States
USD 9100
USD 2275 per day
Nov 4—7
4 days
Philadelphia, Pennsylvania, United States
USD 9100
USD 2275 per day

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Description

Emphasizing the importance of long-term strategic decision-making, The Strategic Decision-Making Mindset program is designed to improve managers’ judgment and critical thinking skills using proven approaches, cutting-edge research, and behavioral economics.

Participants will understand the decision-making process from start to finish, with the ability to recognize cognitive biases that inhibit good decisions. This strategic decision-making program enhances participants’ capacity to make well-thought-out individual, group, and organizational decisions.

Strategic Decision-Making Program Highlights & Benefits

  • Make decisions in a dynamic of uncertainty
  • Build adaptability into your decisions
  • Provide the leadership to mitigate the effects of cognitive biases
  • Understand the role of emotions and ethics in decision making
  • Develop tools to improve individual and organizational decision making

Experience & Impact

In an uncertain business environment, a major challenge is being a decisive, strategic leader. The Strategic Decision-Making Mindset is designed to improve your judgment and guide you to think rigorously and critically.

Wharton faculty, led by Maurice Schweitzer, Cecilia Yen Koo Professor, Professor of Operations, Information and Decisions, apply their field-based research and the latest strategic insights to help you broaden your perspective on how to influence, persuade, and make informed, strategic decisions without bias.

You will be exposed to new tools and actionable knowledge that will make an immediate impact on how you lead your organization.

Session topics include:

  • Understanding Individual Decision Biases
  • Advice Taking and Advice Seeking
  • Decision Making with Multiple Stakeholders
  • Strategic Agility: Building Adaptability into Decisions

Through highly interactive lectures, exercises, and case studies, both in the classroom and in smaller work groups, this deep dive into the art and science of decision making will enhance your effectiveness as a leader.

Who should attend

The Strategic Decision-Making Mindset is designed for executives who are moving from tactical to strategic roles and for those involved in cross-functional decisions. It is of particular benefit to organizations and industries whose decision-making approaches are shifting as a result of high levels of uncertainty, including telecommunications, financial services, and health care.

Participants leave the program with an expanded peer network, plus specific tools and frameworks they can use to enhance how they approach decisions across their organization.

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