Making decisions in an atmosphere of increasing time pressure, uncertainty, and conflicting advice creates challenges for any manager. Making sound leadership decisions in crisis situations is even more demanding.
Strategic Decision Making focuses on how to frame complex issues appropriately the first time. It presents a roadmap for making winning decisions every time, by alerting managers to common thinking traps and by offering practical remedies.
Objectives
Developed over years of testing and validation with leading companies that wished to increase the quality and speed of their strategic choices, the program starts with how managers actually perceive, think and make decisions — rather than with idealized theories or impractical quantitative tools. The ideas behind this program – including our own research – were profiled in Newsweek, Fortune Magazine and numerous other publications.
The program is built around Russo and Schoemaker’s books Decision Traps (Simon & Schuster, 1990) and Winning Decisions (Currency Doubleday, 2002) which have been translated into Japanese, Chinese, Spanish, Portuguese, Italian, Dutch and French. It is based on the latest concepts and findings of behavioral decision research conducted at the University of Chicago, Duke, Stanford, Princeton, and the Wharton School among others. It builds on the seminal work of Professors Amos Tversky and Daniel Kahneman, whose path-breaking work was honored with the Nobel Prize for Economics in 2002.
In this program you will learn how to recognize, assess and avoid or overcome characteristic errors in human judgment and choice using revealing self-tests. Participants are invited to bring an actual decision challenge from work, to be analyzed by breakout teams during the program. Although we may not be able to solve your problem on the spot, you will have a clear road map for generating, testing and choosing among your various decision options.
Benefits
Participants will:
- Acquire a variety of strategies for framing problems, and learn when to apply them.
- Learn to accurately assess the degree of uncertainty in individual problems.
- Learn to recognize when you have enough information, the right information, or when you need to do more research.
- Learn to structure more complex challenges to ensure you are addressing the right issues.
- Learn to involve the proper people at the right time in the right way.
- Learn to create environments that foster continual feedback and learning.
