Foundations of Decision Analysis

This two and a half-day course will present the basic foundations of decision making under uncertainty. The course will illustrate the benefits of using a sound decision making system built on the axioms of rational thought and the good practices that may induce quality decisions in enterprises. The course will also discuss cognitive and motivational biases in decision-making; the elements of decision quality; the difference between direct and indirect values, framing a decision, and the notion of an enterprise decision culture. 

Value Focused Thinking
This two and a half-day will present the basic foundations of value-focused decision-making and the evaluation of decisions involving multiple objectives. Value-focused decision-making includes concepts and procedures to identify and address the critical softer aspects of making sound important decisions. These include structuring the decision to be addressed, by identifying the full range of relevant objectives and creating innovative alternatives. The technique of value-focused brainstorming is illustrated for decisions involving a team. How to be proactive by creating and acting on decision opportunities to avoid potential future decision problems is included. The concepts of value models and value tradeoffs to evaluate alternatives with multiple objectives are discussed and illustrated.

Ethical Considerations in Enterprise Decision Making
Instructors: Ali Abbas, Marsha E. Hames, Josh Hyatt
This two and a half-day course will provide an overview of the critical role ethical decision making plays in a globally integrated environment. Against the backdrop of today’s fast-paced, competitive global economy, certain business practices in one geographical region may be considered unethical or may violate legal business standards in the organization’s Code of Conduct, yet be locally acceptable.  

Strategic Decision Making in Organizations
Instructors: David & Jim Matheson
Strategic Decision Making in Organizations is hard because the problems are usually complex, alternatives are numerous, many people are involved with different interests and perspectives. Yet good decisions that align people in a powerful direction can have huge impact. This two and a half-day course will present the skills and process for making strategic decisions within organizations. Learn how to identify strategic goals, conceive of possible ways to achieve them, focus on the path with the best balance of risk and return, and craft an action plan to implement the strategy.

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