Decision-making in high-stake situations

When faced with uncertain, stressful or otherwise complex situations, analytical decision-making skills and critical thinking capabilities are key for any business executive. It is crucial to be more efficient and more bias-free in your analysis and subsequent decisions. Even more so in volatile times: the decisions you make or advise on can have great impact. The 2-day Decision-making in high-stake situations program focuses on improving these capabilities: participants will enhance their skills in making better, more rational decisions as well as in dealing with stressful, high-stake situations.

Participants will improve both their personal and organizational efficiency to reach better business results. Applications to financial decision-making will be discussed, including managing risk and uncertainty, investment decisions, budgeting, forecasting, quantitative calculating, sampling, etc.

The program is highly interactive and hands-on. It is based on role-plays and exercises, real-life business cases and examples, and empirical, behavioral research. To start off, the participants will engage in a group decision role-play, set in a high-stake situation, demonstrating how decisions can be made more efficiently. A number of decision biases will be discussed. Next, we will take a Big Picture view to improve the participants’ decision-making through enhancing their critical thinking and problem-solving skills in business. Finally, participants will engage in a self-reflection exercise, where they will be asked to analyze and discuss a business decision they made or observed in their own organization.

How you will benefit

The Decision-making in high-stake situations program will help you:

• Improve your decision-making effectiveness
• Deal with stressful, uncertain or complex situations more effectively
• Better understand and deal with decision biases
• Improve your critical thinking and problem-solving skills in business
• Augment your personal and organizational effectiveness
• Discuss applications to your own organization