Decoding Decision-Making Process Training

In this Second module of Management Theory and Practice, we covered a range of crucial topics related to decision-making in management. We began by exploring the role of time and human relationships in the decision-making process, focusing on problem finding, opportunity identification, and the fundamentals of the decision-making process. Moving on, we delved into the nature of managerial decision-making, distinguishing between programmed and un-programmed decisions and examining concepts of certainty, risk, and uncertainty. We also introduced decision-making tools, including Probability Theory, Decision Trees, and the Rational Model of Decision Making. This holistic exploration equipped participants with a deeper understanding of the multifaceted nature of decision-making in management and provided valuable insights into strategies and tools for navigating this critical process.