Cornell methods of decision management
Hospitality Leadership Through Learning
Executive Decision Making
Course Cost US$769
Hours to Complete Course:
Course Focus
In today's competitive business climate, it is imperative that executives know how to make key decisions quickly and decisively. Strategic decisions often entail considerable risks and can have long-range implications for the organization.
In this course, participants will learn how to apply formal decision-making processes in order to reduce risk and choose the best course of action for their organization. They will learn methods and techniques for making critical decisions in a challenging environment with limited time and resources. This course focuses on how to maximize available assets, identify risks and obstacles, and gather the necessary data for an informed decision-making process.
Who Should Take This Course?
This course is a priority for executives, managers, and team leaders responsible for their organizations' strategic and operational decisions.
Key Benefits
The Executive's Decision-Making Tasks
• Organizational factors and personal characteristics that affect decision making
• Framing and categorizing situations to aid in making effective, objective decisions
• Conducting decision-tree analyses
• Gathering data and evaluating it for completeness, relevance, and possible bias
Formal Methods for Executive Decision Making
• Most common formal methods and when to use them
• Bayesian analysis
Faculty
- Florence Berger, Ph.D., Professor Emeritus, School of Hotel Administration, Cornell University
- Judi Brownell, Ph.D., Professor, School of Hotel Administration, Cornell University
Levels
Course Format:
Our online courses take a problem-based approach to learning, and we build each course around realistic case studies and scenarios. All courses are self-paced, and are managed by an online facilitator who leads the online discussions and is available to answer any questions about the course content. You will have a 2-week instructional period at the beginning of the course within which you will complete the required elements of the course. You will have access to the course content for an additional week following the instructional period.
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Q&A
Decision Methods (Management)?
The question is about decision methods.
The decision methods are:
* Paired Comparison Analysis
* Grid Analysis
* PMI (Plus/Minus/Interesting)
* Force Field Analysis
* Six Thinking Hats
* Cost/Benefit Analysis
Now the question is, out of the listed methods above, which one would you choose to use for decision under certainty?
Thank you in advance. Best answer will be chosen and rewarded with five stars.
Cost/Benefit analysis.
This method provides a rational conclusion whether the decision will be for the benefit or detriment of the company and is a near-certain way of making decisions.
