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Making Successful Business Decisions: Getting It Right the First Time
Course: 908
Type: RealityPlus
Duration: 3 Days
You Will Learn How To
- Make intelligent decisions with limited time and information
- Reframe issues to ensure greater problem-solving accuracy
- Convert conflicting opinions into useful insights
- Leverage a range of qualitative and quantitative tools to enact your decisions
- Foster efficient and effective group decision making
- Ensure decisions are implemented by the organization
Course Benefits In today's business environment, professionals deal with uncertainties from every angle as pressure to make the right decisions builds. The ability to make critical, high-impact decisions under less than ideal conditions requires clarity, confidence and decisiveness. This course provides you with the skills to wade through uncertainty to reach well-considered decisions and gives you the necessary knowledge to repeat your success in the future.Who Should Attend Anyone in a decision-making capacity who would like to learn how to make successful business decisions, including managers, business analysts, department heads and team leaders.Extensive activities throughout the course immerse you in an authentic environment, providing practical experience in making successful business decisions. Activities include:
- Analyzing probability and impact of real-life scenarios
- Implementing key business drivers and stakeholder needs
- Reframing issues for decision-making effectiveness
- Clarifying opinions within groups and teams
- Leveraging integrative thinking in group meetings
- Facilitating team decision making in simulated case studies
- Applying qualitative and quantitative analysis tools
- Creating solutions for key business initiatives
- Convincing managers to implement critical decisions
- Designing metrics to monitor and track success ratios
Course 908 Content
- Evaluating the impact of key business drivers
- Developing an awareness of issues and risk
- Reframing the decision landscape
- Recognizing the psychology of the process
- Quantifying the risks associated with decision making
- Overcoming the ambiguity and uncertainty of opinions
- Increasing personal effectiveness through integrative thinking
- Forging a four-step process to integrate multiple points of view
- Facilitating the "Six Hats" theory to decision analysis
- Removing bias and limited perspective in a group
- Performing probability and impact analysis
- Differentiating between acceptable and unacceptable odds
- Evaluating potential initiatives using a range of tools including net present value (NPV) and return on investment (ROI)
- Establishing a multistep decisional process
- Identifying trends in quantitative analysis
- Managing discussions through affinity analysis
- Eliciting ideas using the Delphi technique
- Recognizing group needs through prioritization
- Mastering the skill of facilitated dialog
- Working with virtual and remote teams
- Implementing your decisions in an environment resistant to change
- Redirecting resistance by leveraging emotional intelligence
- Undertaking and reviewing your plans
- Leveraging the art of persuasion
- Identifying profit models in your organization
- Rating their effectiveness
- Measuring the impact of key variables
- Structuring a plan to focus your organization's efforts on profitability
- Selecting profit models to maximize benefits
- Realigning your organization to implement the model
- Adhering to best practices to solve real-world issues
- Implementing plans to mitigate or avoid negative risks
- Exploiting or enhancing positive risks
- Developing growth opportunities
- Building appropriate plans to consider the downstream impacts of your decisions
- The "butterfly effect" in decision making
- Navigating "complexity theory" in long-term planning
- Building downstream measures to track success
- Adjusting for continuous improvement
- Reporting progress to key stakeholders
- Analyzing real problems using best practices
- Evaluating the data with proven tools and techniques
- Making success repeatable by converting theory into practice
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RealityPlus is a trademark of Learning Tree International.
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