Strategic Decision Making
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Think Strategically and Make Better Decisions
Many executives report that making decisions is one of their biggest professional challenges. This workshop examines the art and science of strategic decision making. Learn how to identify the most strategically important dimensions on which to ground your decisions, and find your best options. Practice proven techniques for making better strategic decisions in the face of complexity, uncertainty and conflicting objectives.
What you will learn
- Analyze the problems you wish to resolve, and link decision-making issues to strategic goals
- Articulate your corporate strategy, to ensure your team keeps moving in the right strategic direction
- Make strategic decisions involving multiple goals and stakeholders
- Perceive your environment from multiple angles to discover strategic options and predict consequences
- Structure your strategic planning with a systematic decision analysis and problem-solving framework
- Recognize and overcome unconscious biases and common decision-making traps that lead to fallacious reasoning and unfavorable outcomes
- Improve the efficiency and quality of team decision making, without sacrificing consensus
- Putting the “strategy” into strategic decision making: strategy, vision and values-based decision making, translating corporate strategy into day-to-day decisions, out-thinking your competition with game theory, managing conflicting objectives
- Frameworks for improving decision making: characterizing risk, uncertainty and opportunity, quantifying goals and identifying alternatives, tools for multi-goal decision making, staged decision making and decision tree models, scenario building and strategic planning
- Decision biases and traps: cognition and decision making, intuition vs. analysis, identifying your own decision style, awareness and control of biases, financial planning biases, group decision making and group decision traps
You will engage in hands-on activities to apply what you are learning to your own strategic decisions, and you’ll receive worksheets and guides for making better strategic decisions back at your organization.
Who should attend
Middle to senior-level leaders who are responsible for making complex decisions in their organizations