Business Decision-Making

Program Objective

The goal of the Business Decision-Making workshop is to acquire the skills and knowledge necessary for quality business decision-making among participants. In this seminar, participants will familiarize themselves with various models and techniques of professional business decision-making. The training will pay special attention to the psychological and practical aspects of business decision-making and how to successfully apply acquired knowledge and skills in practical business situations.

Intented Audience

The seminar is intended for anyone who wants to improve their business decision-making skills, especially middle and senior-level managers.

Business Decision-Making

After completing the seminar, participants will be able to
  • Describe and explain modern models of business decision-making.
  • Analyze, recognize, discover, and assess correct and incorrect actions (mistakes) that occur in the process of business decision-making and how to avoid typical mistakes.
  • Apply certain models of business decision-making.
  • Synthetically, based on various models, choose their approach and method of business decision-making.
Implementation Method

Participants are divided into teams that compete in solving a series of problem situations during the program. Throughout the program, various working methods are used: facilitated discussions, role-playing, video feedback, case studies, group work, analysis of critical events, demonstrations, presentations, brainstorming, questionnaires, panels, exchange of experiences, and more. The greatest attention is paid to skill development rather than the dry transfer of theoretical information, which dominates in traditional teaching.

 

Duration

The optimal duration of the seminar is 8 school hours, divided into four blocks of 90 minutes each.

 

Program Topics
  • Categories of decision-making.
  • Group decision-making.
  • Japanese decision-making model.
  • Delphi technique.
  • Pareto analysis.
  • Network analysis.
  • PMI (Plus-Minus-Interesting).
  • Pairwise comparison.
  • Force field analysis.
  • Ladder technique.
  • Decision tree technique.
  • Cost-Benefit analysis.
  • Six Thinking Hats technique.
  • Vroom’s decision-making model.
  • Cognitive dissonance.
  • Cognitive illusions.
Number of Participants

The optimal number of participants is 8-12.

Business Decision-Making