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Decision Making for Effective Leadership


19 Mar 2020 - 21 Mar 2020
MDP Number : 68
Area : Organizational Behaviour
Venue : XLRI Jamshedpur
Programme Directors : Kanchan Mukherjee

Introduction and Objective :

The goal of this course is to transform the way you think, by bringing to you some of the latest research in the cognitive and decision sciences. Decision making lies at the heart of our professional (and personal) lives. It is the quality of decisions that make or break leaders. Today, institutional leaders are confronted with increasingly complex, volatile and uncertain environments, placing a demand for exceptional leadership and decision making skills. It is no longer enough to simply use traditional theories and frameworks to guide your decision making as they do not seem to provide all the answers. An indispensable element in an organization’s success is the leaders’ ability to make the right judgments and right choices in highly nebulous circumstances. The goal of this course is to deepen and broaden your decision making skills and enhance your internal mental capabilities by equipping you with the latest concepts drawn from the fields of decision analysis, cognitive psychology, behavioral economics and management science.

Methodology :

I shall introduce the chief concepts and ideas in the course through interactive lectures and videos where I resort to many examples to illustrate the use and importance of the ideas we discuss. We shall add value by bringing cutting edge research into the classroom. The participants are encouraged to approach each session with an open mind, constantly question one’s assumptions and adopt a rigorous mode of thinking. We shall discuss several decision problems and cases which will help to appreciate the complexities involved in integrating large amounts of information for real life decision making.

Expected Participant :

This program is appropriate for senior managers and executives who either currently occupy decision making positions or seek to transition into such positions in due course.

Programme Content :

  • Analytical tools and frameworks for rational decision making
  • Decision making under risk and uncertainty
  • Psychology of decision making: heuristics and biases
  • Decision making styles
  • Designing business experiments
  • Nudging: How to be a choice architect
  • Decision making applications in the workplace

Programme Directors :

Prof. Kanchan Mukherjee

Duration :

March 19 - 21, 2020

Venue :

XLRI Jamshedpur

Fee (per participant) :

Non Residential
Rs. 60,000/-
Service Tax extra, as applicable