Making Critical Decisions

Foster School of Business

How long?

  • 1 day
  • online

What are the topics?

Foster School of Business

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About the course

A blueprint for avoiding common errors and arriving at sound business decisions

Studies show that half of the decisions made in organizations fail. Intelligent, responsible, well-meaning people with good information routinely make errors in judgment that can have far-reaching and sometimes devastating implications. Fortunately, studies also show that the success rate of business decisions increases by 50% when organizations implement and adhere to better decision-making processes. This course is designed to equip you with the awareness and tools to avoid common decision-making pitfalls and provides a map for making good decisions going forward. Particular attention will be paid to group decisions of the kind frequently faced in professional contexts.

Benefits of attending this online course

By the end of this seminar, you will be able to:

  • Distinguish the two systems that cognitive psychologists say drive our thinking and decision-making.
  • Identify the six most common forms of cognitive bias that interfere with decision-making, along with strategies for avoiding them.
  • Utilize a six-step decision making model to make sound, informed decisions.
  • Recognize and implement three crucial ingredients for good group decision-making in your workplace.

Making Critical Decisions content overview

This seminar explores the two systems people use for processing information and making decisions. We will draw on cognitive psychology and behavioral economics to examine common biases that get in the way of effective decision-making. We will look at the common decision errors leaders make and how to avoid them. We will also investigate the natural problems that arise when people make decisions in groups. We will address three crucial ingredients for good group decision making and examine how to aggregate individual opinions into high quality decisions. Finally, we will enact a simulation to practice exercising effective leadership decision-making

Experts

Michael Johnson

Education PhD Michigan State University (2006) BA Hope College (1985) Academic Expertise decision making emotions leadership teamwork Michael Johnson is an Associate Professor of Management at the Foster School of Business. He has been a member of the faculty since 2006 and is the recipient ...

Making Critical Decisions at Foster School of Business

From  $295

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Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

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