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Strategic Decision Making

Decision making is one of the most important activities in which management of organizations are engaged in on a daily basis. In the same view, the success of any organization is critically linked to effective decisions and an effective decision-making process.

This is because decision making is so important and can have such a significant effect on the operation of an organization(s). It has been suggested by a lot of scholars that, administration is decision making. It would be a mistake however, to conclude that only administrators make decisions. Increasingly, important decisions are being made by non-administrative/managerial personnel.

Thus, while decision making is an important administrative process, it is fundamentally a people process and everyone should be involved during the decision-making process.

This course examines the topic of decision-making. It attempts to identify the important elements of decision-making and present them in a form that will help the understanding of managers. The course’s scope involves the processes that managers at all levels go through in making a decision, through to the issues surrounding the implementation of a decision.

The essential function of a manager is to make decisions. Decision-making is about making choices between alternatives to reach a goal or objective. In our personal lives, decision-making can involve determining many things, such as where we live, what foods we eat, and who our friends are.

In business, decision-making can revolve around the products and services that a company offers, the markets it serves, the people it hires, and so on.

In this course, we will look at the decision-making process, paying close attention to the basic decision types, tools, methods, and insights to help you quickly learn how it involves both logic and emotion. When you complete the course, you will have practical tools to quickly determine the type of decision you are trying to make, the available tools and methods you may use, and the way to effectively engage your teams in the process.

A central part of managing an organization, process or project is decision-making. Decision-making is often characterized as both an art and a science. You will want to trust your instincts, but also approach your decisions more methodically when you can. This unit will cover the basics of decision-making, including an overview of various approaches, considerations, and challenges.

Completing this unit should take you approximately 10 hours. Upon successful completion of this unit, you will be able to:

  • Define Decision making and explain its function in society;
  • Explain Framing a Decision
  • Describe Faulty Decision-Making in Organizational framework
  • And many more.

Course Curriculum

SECTION 1: INTRODUCTION TO DECISION MAKING

1
Overview Of Decision Making
Self-Paced
2
The Nature Of The Decision-Making Process
Self-Paced
3
Models Of Decision-Making
Self-Paced
4
The Process Of Decision Making
Self-Paced
5
Understanding Decision Making
Self-Paced
6
Types Of Decisions
Self-Paced
7
Categories Of Decision Making
Self-Paced
8
Making Rational Decisions
Self-Paced
9
Making Good Decisions
Self-Paced
10
Making Intuitive Decisions
Self-Paced
11
Making Creative Decisions
Self-Paced
12
Quiz
10 questions

SECTION 2: MANAGEMENT AND DECISION MAKING

1
Decision-Making And Management Challenges’
Self-Paced
2
Anchoring And Framing Bias
Self-Paced
3
Decision-Making In Groups
Self-Paced
4
Tools And Techniques For Making Better Decisions
Self-Paced
5
Decision Trees
Self-Paced
6
Framing A Decision
Self-Paced
7
Questions For Framing A Decision
Self-Paced
8
Mistakes In The Framing Decision Process
Self-Paced
9
How To Make Better Decisions
Self-Paced
10
Types Of Decisions
Self-Paced
11
Decision-Making Steps
Self-Paced
12
Quiz
10 questions

SECTION 3: THE ART OF DECISION MAKING

1
The Decision-Making Process
Self-Paced
2
Asking The Right Questions
Self-Paced
3
Nine Principles For Decision-Making
Self-Paced
4
Other Decision-Making Factors To Consider
Self-Paced
5
Productivity Tables
Self-Paced
6
Develop Thresholds
Self-Paced
7
Factors For Good Decision-Making
Self-Paced
8
Wrapping Up
Self-Paced
9
Quiz
10 questions

Certification

Coursepedia Demo Certificate
Showcase your achievements with a Valuable Certificate. Your certificate is the official recognition for your Learning achievements on Coursepedia. This is optional, but highly recommended after course completion. Verified Certificates issued by Coursepedia can differentiate you against competitions and also establishes you as a continuous learner anyday, anytime. Employers are always looking for people who never want to stop learning.

SECTION 1: INTRODUCTION TO DECISION MAKING

1
Overview Of Decision Making
Self-Paced
2
The Nature Of The Decision-Making Process
Self-Paced
3
Models Of Decision-Making
Self-Paced
4
The Process Of Decision Making
Self-Paced
5
Understanding Decision Making
Self-Paced
6
Types Of Decisions
Self-Paced
7
Categories Of Decision Making
Self-Paced
8
Making Rational Decisions
Self-Paced
9
Making Good Decisions
Self-Paced
10
Making Intuitive Decisions
Self-Paced
11
Making Creative Decisions
Self-Paced
12
Quiz
10 questions

SECTION 2: MANAGEMENT AND DECISION MAKING

1
Decision-Making And Management Challenges’
Self-Paced
2
Anchoring And Framing Bias
Self-Paced
3
Decision-Making In Groups
Self-Paced
4
Tools And Techniques For Making Better Decisions
Self-Paced
5
Decision Trees
Self-Paced
6
Framing A Decision
Self-Paced
7
Questions For Framing A Decision
Self-Paced
8
Mistakes In The Framing Decision Process
Self-Paced
9
How To Make Better Decisions
Self-Paced
10
Types Of Decisions
Self-Paced
11
Decision-Making Steps
Self-Paced
12
Quiz
10 questions

SECTION 3: THE ART OF DECISION MAKING

1
The Decision-Making Process
Self-Paced
2
Asking The Right Questions
Self-Paced
3
Nine Principles For Decision-Making
Self-Paced
4
Other Decision-Making Factors To Consider
Self-Paced
5
Productivity Tables
Self-Paced
6
Develop Thresholds
Self-Paced
7
Factors For Good Decision-Making
Self-Paced
8
Wrapping Up
Self-Paced
9
Quiz
10 questions
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