Decisions and Risk


Overview/Description
Target Audience
Expected Duration
Lesson Objectives
Course Number


Overview/Description
Your success as an organisational leader depends on your ability to make decisions. Even though you may have extensive experience of making difficult business choices, a constantly changing business environment demands relentless skill improvement. This course sheds light on the decision-making process by moving from practical methodologies to decision-making intelligence. Build both quality and commitment into your decision-making process by incorporating the information in this course.

Target Audience
Managing directors, financial directors, heads of operations, managers, team leaders, executives, and anyone interested in risk management and decision-making

Expected Duration (hours)
2.0

Lesson Objectives

Decision-making Basics

  • recognise the benefits of using analytical processes in decision making.
  • learn and apply the steps required to enable a methodical decision-making process.
  • match the decision-making styles with their corresponding examples.
  • identify the strategies that enhance decisiveness in business situations.

    • Making Informed Decisions

  • recognise the benefit of reaching decisions by using analytical methods and creative thinking.
  • identify situations in which analytical methods have been used for strategic decision-making.
  • apply what he has learned to identify creative tactics for generating ideas for decision-making.
  • identify the strategies that illustrate the creative-thinking process of decision-making.

    • Safeguarding Decisions

  • recognise the benefits of safeguarding decisions.
  • identify situations where risk-reduction techniques decrease uncertainty in decision-making.
  • identify the appropriate uses of scenarios in decision-making.
  • identify strategies that cope with the decision-making consequences for your staff.

    • Time to Decide

  • recognise the importance of actually making the decision.
  • identify the reasons for using team decision-making.
  • identify information that must be communicated when seeking support for a decision.
  • arrange in sequence the steps necessary to put a decision into action.

    • Course Number:
    PD8243