Decision Making for Leaders and Managers

Overview

Decision Making for Leaders and Managers. Course provided by MTF Institute of Management, Technology and Finance.MTF is the global educational and research institute with HQ at Lisbon, Portugal, focused on business & professional hybrid (on-campus and online) education at areas (Business & Administration, Science & Technology, Banking & Finance).

The Decision-Making Process is a systematic approach to identifying and evaluating options, leading to informed choices. It's a structured framework that helps individuals and organizations tackle complex problems and make decisions that align with their goals and values.

Syllabus

• Introduction to Decision Making
Understanding the importance of structured decision-making processes
Overview of decision-making frameworks
• How Do People Make Decisions?
Psychological and cognitive aspects of decision-making
Common biases and errors in judgment
Behavioral economics in decision-making
• Making Hard Decisions
Identifying and addressing complex problems
Weighing risks and benefits in high-stakes scenarios
Ethics and values in decision-making
• Decision Making for Leaders and Managers
Strategic decision-making aligned with organizational goals
Problem-solving tactics for operational challenges
Engaging teams in the decision-making process
• Steps in the Decision-Making Process
Identifying the Problem: Clearly define the decision issue
Gathering Information: Collect relevant data and insights
Identifying Alternatives: Generate potential solutions or actions
Evaluating Alternatives: Assess options for potential impact
Choosing the Best Alternative: Align choices with goals
Implementing the Decision: Action the chosen solution
Reviewing and Evaluating: Analyze outcomes and adapt as needed
• Practical Applications for Career Building
Enhancing employability and leadership potential through decision-making skills
Building a reputation as an effective problem-solver
Navigating changes in the job market and career advancement
• Conclusion
Reinforcing the value of decision-making skills for personal and professional growth
Encouraging continuous practice and reflection to refine decision-making abilities

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Taught by

MTF Institute of Management, Technology and Finance

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Subjects

Business