Master the art of decision making
Summary
Master the Art of Decision Making
What You’ll Learn The course “Master the Art of Decision Making” is designed to help managers and aspiring leaders enhance their decision-making skills. It emphasizes the importance of assuming leadership roles and adopting appropriate decision-making models. Participants will gain insights into various decision-making processes and their significance in a managerial context.
Requirements The course requires only an interest in learning more about making decisions, making it accessible to anyone keen on improving their decision-making abilities.
Course Description Decision making is a critical component of managerial roles. This course delves into the multifaceted nature of decision making, which involves more than just choosing between two or more courses of action. Several factors influence the final decision, including stakeholder views, alignment with organizational objectives, and team buy-in.
Effective decision making significantly impacts team operations and organizational success. A manager’s ability to make sound decisions can determine the effectiveness and efficiency of achieving the organization’s vision and mission.
The course explores the role of managers in leading and making decisions that drive organizational goals. It also introduces various decision-making models that can be applied in different managerial scenarios to enhance decision quality.
Who This Course Is For This course is tailored for executives, assistant managers, and managers who wish to refine their decision-making skills and assume leadership roles within their organizations.
Course Content The course is divided into two main sections, comprising eight lectures with a total length of 56 minutes. The sections cover both rational and non-rational decision-making models and include quizzes to test understanding.
- Introduction (10:20 minutes) – The course begins with an overview of decision making, setting the stage for understanding its importance and complexity in a managerial context.
- Rational Decision-Making Model (10:09 minutes) – This lecture introduces the rational model, which involves a systematic, logical approach to decision making. It focuses on identifying and evaluating alternatives based on criteria such as cost, benefits, and alignment with organizational goals.
- Application (03:59 minutes) – This brief segment demonstrates the practical application of the rational decision-making model in real-life scenarios, helping learners see its relevance and utility.
- Quiz 1 – A four-question quiz to assess comprehension of the rational decision-making model.
- Non-Rational Models:
- Satisficing Model (07:54 minutes) – This model, introduced by Herbert Simon, suggests that managers often settle for a satisfactory solution rather than an optimal one due to time constraints and limited information.
- Quiz 2 – A four-question quiz on the satisficing model.
- Incremental Model (08:15 minutes) – This model emphasizes small, incremental changes and decisions rather than large, radical ones, reflecting a more cautious approach to decision making.
- Quiz 3 – A four-question quiz on the incremental model.
- Garbage Can Model (06:45 minutes) – This model posits that decision making in organizations can be chaotic and disorganized, with solutions and problems being matched more by chance than through a structured process.
- Quiz 4 – A four-question quiz on the garbage can model.
- Conclusion (02:11 minutes) – A brief wrap-up of the course, summarizing key points and reinforcing the importance of effective decision making.
- Interview (06:45 minutes) – An interview segment that provides real-world insights and experiences from seasoned managers, highlighting practical applications of the decision-making models discussed in the course.
Overall, “Master the Art of Decision Making” offers a comprehensive guide for managers to enhance their decision-making skills, incorporating both theoretical models and practical applications to foster better leadership and organizational success.
What You’ll Learn
- Understand the importance of assuming leadership and decision-making roles as a manager
Requirements
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Have an interest in learning more about making decisions
Description
Decision making is a vital part of your role as a manager.
What is decision making? Is it merely considering two or more courses of action and making a choice?
There are many factors that come into play and influences your final choice of action. As a manager, you have to take into consideration factors such as stakeholder views, alignment with organizational objectives, buy in from your team members…just to name a few.
Your ability to make good decisions affect the operations of your team and play a part in how successful the organization will be in its operations to realize its vision and mission.
In this course, we look at the role of managers in leading and making decisions to achieve organizational goals. We will also explore applying effective decision-making models in managerial functions.
