Making Better Decisions

Making Better Decisions

How do we make better decisions using data and teams?


Dates

28 August 2019

Price

DKK 5.000 excl. VAT

From start-ups to large global companies, executives make strategic decisions, where stakes are high, in complex, uncertain contexts. Beyond analysis, synthesis involves judgment calls. That’s where even seasoned managers miss opportunities or fail to avoid disasters. Come and learn about common pitfalls in exercising judgment and how to develop better team decision processes.

BENEFITS


With this module, you will gain the ability to:

  • Familiarize with decision models. Learn what science knows about how our brains make decisions made, the role of analysis, synthesis and emotions.
  • Recognize most common mental biases: review these biases, and real examples of their consequences.
  • Experience the challenges in team decision-making. Interactive exercises will drive home real-life challenges such as time pressure, limited information, uncertain, ambiguous and complex environment, and social dynamics.
  • Organize team decision-making. Understand how to develop better decision processes in team.
  • Know when to organize formal decision-making. Decide when such formal processes are required, and when a healthy culture and organizational structure are sufficient.

ESSENTIAL QUESTIONS


Here are some of the questions this module will explore

  • What are common biases in strategic decision making?
  • How to work with data?
  • How do emotions influence decision making?
  • How are team decisions different from individual decisions – and how does this make them more difficult to manage?
  • How to design better decision making processes in teams?

The module will address the stated questions and provide some insights to inspire you.

WHO SHOULD ATTEND?


  • Strategic Managers
  • Business Developer
  • Senior Executives involved in strategic decisions

FACULTY


Stephan SchubertStephan Schubert is Adjunct Professor of Strategy at INSEAD, faculty member at Ashridge Executive Education and Visiting Professor at DTU Business. Stephan has a deep interest in strategic issues, ranging from decision-making processes to business modeling, strategic leadership and organizational transformation. He pays particular attention to the role of mental frameworks, biases and hidden agendas in strategy development. He is a frequent traveler to the Gulf Region, where he directs and delivers strategy workshops and executive development programs for a variety of private sector and government clients. He has worked on client assignments in over 25 countries, from Chile to China. Among his past global clients are McKinsey, Vodafone, Lufthansa, Philips, Sinopec, Addax Petroleum Nigeria, as well as several mid-sized companies.



Practical Info


 

Price
DKK 5.000 excl. VAT
Incl. teaching material and lunch

Calendar
28 August 2019

Time
8:30 – 16:30

Language
English

Location
DTU Business
Building 421
2800 Kgs. Lyngby
Directions


Questions?
Please don't hesitate to contact
Program Director
Ellen Als
elals@dtu.dk
(+45) 4030 3117

https://www.executive.dtu.dk/DTU-Summer-Academy/Making-Better-Decisions
15 DECEMBER 2019