Effective Decision-Making Thinking Critically and Rationally
The Wharton School
How long?
- from 4 days
- online, in person
What are the topics?
The Wharton School
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Comprehensive course analysis
Who should attend
Effective Decision-Making: Thinking Critically and Rationally 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.
About the course
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.
Program Experience
Highlights and Key Outcomes
In Effective Decision-Making: Thinking Critically and Rationally, you will learn how to:
- 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. Effective Decision-Making: Thinking Critically and Rationally is designed to improve your judgment and guide you to think rigorously and critically.
Wharton faculty, led by Professor Maurice Schweitzer, 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:
- Rule-Based Decision Making
- Emotions and Decision Making
- Thinking Ethically
- Judgment and Decision Making: The Logic of Chance
- Trust and Cooperation
- Procrastination and Self-Control
- Choice Architecture
- The Role of Data in Decision Making
- Group Decision Making
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.
Experts
Cade Massey
Research Interests: People analytics, judgment under uncertainty, organizational behavior Cade Massey is a Practice Professor in the Wharton School’s Operations, Information and Decisions Department. He received his PhD from the University of Chicago, and taught at Duke University and Yale Unive...
Thomas Donaldson
Education PhD, University of Kansas, 1976; BS, University of Kansas, 1967 Recent Consulting Walmart; Goldman Sachs; BP; KPMG. Areas: Ethics, leadership, and corporate governance. Career and Recent Professional Awards; Teaching Awards Outstanding Teacher of the Year award in both 2005 and 1998 and...
Maurice Schweitzer
Maurice Schweitzer's research focuses on emotions, ethical decision making, and the negotiation process. He has published in management, psychology, and economics journals such as the Academy of Management Journal, the Journal of Applied Psychology, Management Science, Organizational Behavior and...
Joseph Simmons
Joe Simmons is an Associate Professor at the Wharton School of the University of Pennsylvania, where he teaches a course on Managerial Decision Making. He has two primary areas of research. The first explores the psychology of judgment and decisionmaking, with an emphasis on understanding and fix...
Abraham Wyner
Professor Wyner received his Bachelors degrees in Mathematics from Yale University, where he graduated Magna Cum Laude with distinction in his major. He was the recipient of the Stanley Prize for excellence in Mathematics. His PhD in Statistics is from Stanford University, where he won a National...
Videos and materials
Strategic Decision-Making Mindset: Program Overview
Effective Decision-Making Thinking Critically and Rationally at The Wharton School
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