Critical Skills Series Effective Decision Making (Course Code: 106)

Course Schedule:

Please call 8622 8900 or email us for further information

Overview:

This course demonstrates various approaches to facilitating the process to make decisions based upon solid foundation of reason and strategy.

Learning Method:

This course uses a combination of instructor presentation, and student hands-on practical exercises. Participants will have the opportunity to apply what they have learned in the classroom throughout the course.

Who will benefit from this course?

This course is intended for people who need to know how to ensure good decisions are being made and be able to justify any course of action taken.

Pre-requisites:

There are no formal requirements to attend this course.

What can you expect to gain from this course?

This course will give you the techniques, awareness, and attitudes that will make you a more effective decision-maker, both when making decisions individually and as part of a group. An effective decision-making process that you can apply in your own personal and organisational decision-making will be described.

Course Content:

Module 1:Decision-making in context
  • What is decision-making?
  • Why it is so important personally and professionally
  • How decision-making differs from problem solving
  • Individual versus group decision-making
  • Intuitive versus rational decision-making: when to trust your gut
  • Fitting a decision-making process to a problem
  • Exercise: Case studies of decision-making. Review and comment on how the decision was made, intuitive versus rational techniques applied, group dynamics etc.
Module 2:Introduction to the decision-making process
  • Understanding your decision-making environment
  • Considering style and/or biases
  • Framing the problem
  • Gathering information
  • Deciding what to do
  • Implementing the decision
  • Reviewing process and outcomes
  • Exercise: Complete the supplied questionnaire on your own organisation’s decision-making process, and be prepared to discuss with the class
Module 3:Understanding your decision-making environment
  • Managing decision-complexity
  • Dealing with uncertainty of outcome
  • Managing time pressures
  • Making effort proportional to consequence
  • Exercise: Question for team discussion: what are the two or three biggest challenges in effective decision-making you face, both as individuals and as organisations?
Module 4:Considering style and/or biases
  • Typical psychological biases: illusion of control, over-confidence, status quo bias etc
  • Influence of personal style on decision-making
  • Two common typologies DISC and MBTI (introduction only)
  • Organisational styles of decision-making
  • How to compensate for organisational/personal biases
  • Exercise: Reviewing your personal decision-making history
Module 5:Framing the problem
  • Prioritising decisions
  • Detecting and tabling key assumptions
  • Ensuring a diversity of views is presented
  • The need to generate alternative options:
  • Exercise: Overcoming the positive test strategy
Module 6:Gathering information
  • Asking appropriate questions: checklist
  • Using both internal and external data sources
  • Interpreting data: the need for hypotheses
  • How much is enough? - Avoiding “analysis paralysis”
  • Exercise: Case study - then psychologists know too much
Module 7:Deciding what to do
  • How to ensure dialogue and debate
  • The dangers of false consensus
  • Separating facts from emotions and values
  • Avoiding premature conclusions
  • Using analytical techniques
  • Exercise: Using analytical techniques, e.g. decision trees, option swaps, etc
Module 8:Implementing the decision
  • Mobilising resources and commitment
  • Monitoring decision outcomes
  • When things go wrong: responding to implementation surprises
  • Exercise: Preserving your flexibility of action in decision-making
Module 9:Reviewing the process and outcomes
  • How to audit a decision-making process
  • The need to review predictions and outcomes
  • Measures for implementing personal/organisational accountability
  • Exercise: How to review your personal and organisational decision-making process