Managerial Decision Making and the Best Strategies to Improve It

Managerial Decision Making and the Best Strategies to Improve It

Managerial Decision Making and the Best Strategies to Improve It Introduction : This course is introduced to you by the International Academy of Human Resources Development (IAHRD). Our courses are specially designed to meet your needs, explained to you by experts with a long experience in the field. This is a course rich with new ideas, concepts and practical skills. This course will ..

Managerial Decision Making and the Best Strategies to Improve It

Introduction :

This course is introduced to you by the International Academy of Human Resources Development (IAHRD). Our courses are specially designed to meet your needs, explained to you by experts with a long experience in the field.

This is a course rich with new ideas, concepts and practical skills. This course will help you practically improve your decision-making skills by taking a close look on the obstacles that prevents us from analyzing and making the right decision at the right time. The course will help you increase your predictions accuracy in order to improve your decision-making skills. It will also help you make more informed decisions to strengthen the organization's competitive advantage.

Objectives:

By the end of this course, participants will be able to:

 

  1. Understand the definition of decision making in the context of
  2. Find the relationship between successful decision making and the personality of the decision maker in addition to the participants involved in the process.
  3. Increase predictive accuracy via defining the base rate.
  4. Assess the reliability and validity of information gathered for the decision making process.
  5. Understand and apply resisting scenario thinking.
  6. Make informed decisions that contribute to strengthening the organization’s competitive advantage.

 

Content :

Module 1:

  1. The modern definition of decision making.
  2. The nature of decision making.
  3. Decision making and uncertainty.
  4. Concepts related to decision making.

 Module 2:

  1. Why to allocate time and effort to improve business decision making?
  2. How scientific research helped managers improve their decision making skills.
  3. What is decision frame management?
  4. Finding optimal solutions.

Module 3:

  1. What are the Individual behavioral factors?
  2. How do individual behavioral factors affect the decision maker?
  3. Ways to maximize the positive impact and how to reduce the negative impact.

Module 4:

  1. Theoretical aspects of behavioral decision making and the main provisions.
  2. The irrational nature of people and how it is considered as an obstacle.
  3. Each one of us has his own irrationality.
  4. Beliefs and interests and how the effect the decision making process.

 Module 5:

  1. What is planning fallacy?
  2. Bases rates orprevious rates of occurrence.
  3. Our tendency to neglect bases rates.
  4. The lack of scenario thinking and the consequences.
  5. Reliability and validity of information.

Module 6:

  1. Protecting yourself from overconfidence.
  2. The factors that affect overconfidence.
  3. Understanding Calibration.
  4. Strengthening the organization and adding value.
  5. Case study.
  6.  

Target Audience:

  1. Middle managers
  2. Supervisors
  3. Section heads
  4. Individuals moving to managerial roles
  5. Interested candidates.

 

times [ Istanbul ]

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2024-05-19 2024-5-23 3,250 Istanbul join enquire
2024-07-21 2024-7-25 3,250 Istanbul join enquire
2024-09-15 2024-9-19 3,250 Istanbul join enquire
2024-11-17 2024-11-21 3,250 Istanbul join enquire