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The Decision Making Process

Steps in Decision Making Process

Identification of the Problem

Gathering Information

Developing Alternatives

Evaluation of Alternatives

Selection of Best Alternative

Implementation and Review

Psychological Factors Affecting the Decision Making Process

Cognitive Biases

Emotions

Risk Perception

Groupthink

Decision Making Styles

Different Styles of Decision Making

Autocratic

Democratic

Laissez-faire

Collaborative

Factors Influencing Decision Making Styles

Personality Traits

Organizational Culture

Work Environment

Impact of Decision Making Styles on Leadership and Strategic Decision Making

Decision Making Techniques

Overview of Decision Making Techniques

Decision Matrix Analysis

Pareto Analysis

SWOT Analysis

Cost-Benefit Analysis

Application of Decision Making Techniques in Strategic Decision Making

Role of Technology in Decision Making Techniques

Enhancing Decision Making Skills

Importance of Improving Decision Making Skills for Leadership

Strategies for Enhancing Decision Making Skills

Improving Emotional Intelligence

Reducing Cognitive Biases

Encouraging Diversity and Inclusion

Role of Training and Coaching in Developing Decision Making Skills

Case Studies and Practical Applications

Analysis of Real-life Scenarios

Role Plays and Simulations

Reflection and Debriefing

Quiz

This course explores the psychological processes and biases that influence decision making, providing insights into how we make choices and how to make better decisions in personal and professional settings. Through an examination of classic and contemporary research in psychology and behavioral economics, students will develop a deeper understanding of the factors that shape decision making, and learn practical strategies to improve their own decision making skills.

Psychology of Decision Making

Less is more! Dive into this mini-course to see how micro-content can make macro changes. Let's get started 🚀 
Created by Phil Charles 