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Making Effective Business Decisions
Code:
HIL-MEBD
Duration:
1 Session
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$595
USD
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As pressure to make better data-driven business decisions increases and the amount of data available continues to grow, leaders need to be able to think strategically and use the right information and approach to make decisions and optimize outcomes. The challenge is that there are many factors that can negatively impact your ability to make good decisions. Knowing what data is most relevant and understanding how personal biases and tendencies can positively and negatively impact results is critical to success.
In this workshop, you will gain the insight you need to maximize your ability to think strategically and make better decisions. Learn how to apply practical tools and models to improve the outcomes of your decisions.
This course is available in the following formats:
Duration: 1 Session
Duration: 1 Session
| Call 800-798-3901 to enroll in this class! |
- Strategic thinking, your thinking style, and your decision-making style
- Biases in strategic thinking and decision making
- Reaction to feedback about your decisions
- How to use data to make better decisions
- Tools to structure problems and make better decisions
Introduction
- What is an Effective Business Decision?
- Common Biases in Decision Making
- The Analyze-Decide-Act (ADA) Framework
1. Analyzing the Situation
- Step 1: Define the Decision
- Step 2: Gather and Analyze Data
- Three Steps to Identifying the Right Data
- Turning Data into Insight
2. Decision Making
- Decision-Making Approaches and Styles
- The Decision Analysis Model
- Identifying Alternative Options
- Priority Matrix
3. Maximizing the Results
- Monitoring the Results
- Assessing the Impact of Your Decision
- Getting Feedback from Others
- Biases that Impact Reflection or Reactions to Feedback
4. Summary and Action Plan
Perform Phase
- Perform Phase Overview
- Your Challenging Scenario Feedback and Reflection
Introduction
- What is an Effective Business Decision?
- Common Biases in Decision Making
- The Analyze-Decide-Act (ADA) Framework
1. Analyzing the Situation
- Step 1: Define the Decision
- Step 2: Gather and Analyze Data
- Three Steps to Identifying the Right Data
- Turning Data into Insight
2. Decision Making
- Decision-Making Approaches and Styles
- The Decision Analysis Model
- Identifying Alternative Options
- Priority Matrix
3. Maximizing the Results
- Monitoring the Results
- Assessing the Impact of Your Decision
- Getting Feedback from Others
- Biases that Impact Reflection or Reactions to Feedback
4. Summary and Action Plan
Perform Phase
- Perform Phase Overview
- Your Challenging Scenario Feedback and Reflection