Strategic Decision Making for Management

The London School of Economics and Political Science

How long?

  • 5 days
  • in person

What are the topics?

The London School of Economics and Political Science

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Who should attend

  • Executives across every department of the organisation who are dealing, or are involved with, important decisions
  • Managers who will be in leadership positions in the future
  • Anyone dealing with important decisions, either in private or public organisations, as well as small enterprises
  • Anyone intrigued by the fascinating field of decision making and wishing to develop their decision readiness and confidence.

About the course

Enhance your strategic decision making capabilities through an interdisciplinary approach that blends analysis and intuition and allows you to face the tough decisions that are often avoided, and to transform them into a smart and insightful process.

Today’s increasingly complex life demands more of us than ever. We make thousands of choices every day, but lack of time and “decision-ware” mean that we delay strategic ones for “decision fatigue” or make them with insufficient thought about what really matters.

The course focuses on strategic decisions - the most important of the many decisions we make every day, but also the most challenging because they present multiple, often conflicting, strategic objectives and points of view, which are difficult to balance. They involve long-term impacts that are hard to predict and quantify. They require creativity in the definition of winning alternatives and they typically entail a commitment of large amount of resources, which may be irreversible. This unique course offers you the opportunity to overcome these challenges, and master a smart process of strategic decision making which includes a toolkit of effective and replicable solutions for better decisions and awareness of decision traps.

Programme structure

This course will propose you an awakening journey into both the psychology and modelling of decisions, and will be highly interactive. Morning lectures will discuss how to make decisions, both when there is sufficient time to conduct analyses and when there is only time to choose intuitively. During the afternoons, you will gain hands-on experience on framing and modelling decisions under tough conditions, thus experiencing directly the benefits of the balance between intuitive and deliberate decision-making.

Course outcomes

During the highly interactive five days, participants will update their own personal mindware for decision making and boost their strategic decision making capabilities on three key fronts:

  • Become aware of systematic cognitive biases and traps that operate on individuals and groups;
  • Learn how to effectively develop winning solutions for the key traps in strategic decision making;
  • Discover how to recognize when you have the “green light” on the decision making process and it is time to go ahead and commit to the developed recommendation.

Experts

Paul Willman

Professor Paul Willman is an Emeritus Professor of Management in the Department of Management and Academic Director of LSE’s Executive Courses. Professor Willman has taught on MBA and Executive MBA programmes at Oxford University, Cranfield School of Management, Budapest University of Economics,...

Valentina Ferretti

Dr Valentina Ferretti holds a PhD in Decision Analysis (2011, Politecnico of Torino, Italy). Dr Ferretti’s areas of expertise focus on two main themes. The first one is Decision Analytics and the modelling of judgments that can be used in public policy making and management contexts. The second o...

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Strategic Decision Making for Management at The London School of Economics and Political Science

From  6295 GBP$8,138

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