Effective Decision Making: Strategies for Success

Business Strategy

Overview

Course Title: Effective Decision Making: Strategies for Success

Course Objective:

The objective of this course is to provide participants with a comprehensive understanding of the decision-making process and equip them with practical strategies, tools, and techniques to make effective decisions in various professional and personal contexts. By the end of the course, participants should be able to:

Understand the fundamentals of decision making and its importance in personal and professional life.

Analyze decision-making styles and identify personal strengths and areas for improvement.

Apply critical thinking skills to gather and evaluate relevant information for decision making.

Utilize decision-making frameworks and models to structure and organize the decision-making process.

Identify and manage common cognitive biases and emotional factors that can impact decision making.

Explore a variety of decision-making tools and techniques to facilitate the decision-making process.

Evaluate the potential risks and benefits associated with different decision alternatives.

Make ethical decisions by considering moral and social implications.

Implement effective decision-making strategies in group settings and manage conflicts.

Develop resilience in decision making and learn from failures to improve future decision-making processes.

Create action plans to implement decisions effectively and monitor their outcomes.

Course Content

Learning Outcome

Course Outline:

Module 1: Introduction to Decision Making

Importance of decision-making in personal and professional contexts

The impact of effective decision-making on outcomes

Common Challenges and barriers in decision making

Module 2: Decision-Making Styles and Self-Awareness

Understanding different decision-making styles

Assessing personal decision-making strengths and weaknesses

Developing self-awareness for improved decision making

Module 3: Critical Thinking and Information Gathering

Developing critical thinking skills for effective decision making

Gathering and evaluating relevant information

Recognizing and addressing information biases and limitations

Module 4: Decision-Making Frameworks and Models

Introduction to decision-making frameworks (e.g., SWOT analysis, cost-benefit analysis)

Decision trees and decision matrices

Applying decision-making models to real-world scenarios

Module 5: Cognitive Biases and Emotional Factors

Identifying common cognitive biases that can influence decision making

Managing emotions and biases in decision making

Enhancing decision-making accuracy and objectivity

Module 6: Decision-Making Tools and Techniques

Brainstorming and ideation techniques

Pareto analysis and prioritization methods

Decision matrices and weighted scoring models

Decision trees and scenario analysis

Six Thinking Hats technique

Cost-effectiveness analysis and financial tools

Module 7: Risk Assessment and Management

Evaluating risks and benefits associated with decision alternatives

Decision making under uncertainty and ambiguity

Strategies for managing risks and minimizing negative outcomes

Module 8: Ethical Decision Making

Considering moral and social implications in decision making

Ethical frameworks and guidelines

Handling ethical dilemmas in decision making

Module 9: Group Decision Making and Conflict Management

Effective decision making in group settings

Facilitating group discussions and consensus building

Managing conflicts and diverse perspectives

Module 10: Resilience and Learning from Failures

Building resilience in decision making

Learning from failures and adapting decision-making strategies

Continuous improvement and reflection

Module 11: Implementing and Evaluating Decisions

Creating action plans for decision implementation

Monitoring and evaluating decision outcomes

Adjusting strategies and making informed revisions

Course Summary
Course Fee
S$ 50
Duration
7 Hrs
Course Level
Beginner
Trainer Method
Workshop
Pass Percentage
75 %
Certificate
Yes
Medium
English & Mandarin

Course Schedule

No Schedule for this course

Register Interest

Basic Requirements

No formal qualification required. Basic reading and writing in English or Mandarin required.

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