Decision-Making Strategies
Who is this course for
Leaders and Managers – Those looking to enhance their decision-making skills to lead teams effectively.
Business Professionals – Individuals in business or management roles who need a structured approach to making informed decisions.
Entrepreneurs – Business owners who need to make quick, well-informed decisions for business success.
Course Overview
In the business world, effective decision-making is a key to success. In this course, leadership coach Mike Figliuolo will guide you through the art and science of making better business decisions. You’ll explore different decision-making styles—autocratic, participatory, democratic, and consensual—and learn when each is most effective.
Recognizing that decisions are often made in uncertain or ambiguous environments, Mike discusses four types of ambiguity and provides strategies to address them. This will help you understand what you don’t know, reduce risk, and prepare for contingencies.
A major part of the course focuses on involving stakeholders in the decision-making process. Mike introduces the RACI matrix (Responsible, Accountable, Consulted, Informed) as a tool for clarifying roles and ensuring all necessary parties are involved.
By applying the concepts learned in this course, you will be able to make decisions faster, incur less risk, and gain greater support from your team and stakeholders.
What You'll Learn
- Understanding Decision-Making Styles – Learn the four decision-making styles (autocratic, participatory, democratic, and consensual) and when to use each.
- Navigating Ambiguity – Recognize the four types of ambiguity in decision-making and how to address them.
- Risk Management – Techniques to reduce risks and plan for contingencies in business decisions.
- Stakeholder Involvement – Methods for involving stakeholders in the decision-making process for broader support.
- Using RACI Matrix – How to apply the RACI matrix to clarify roles and responsibilities in decision-making.
- Improving Decision Speed and Quality – Develop the tools and techniques to make faster and better decisions with greater confidence.
