Strategic Decision Making
March 8 – 9, 2023 | 09:00 – 17:00
SSE Riga, Strēlnieku 4a
EUR 790 + VAT
Key trait for any business leader is to consistently create sound business decisions that are based on thorough reasoning, solid data, and unbiased thinking. In other words, have strategic decision making. When making decisions, there are multiple challenges - the amount of information & data, conflicting viewpoints, and fast changing external environment complicates effective decision making. This course will help business managers in making impactful decisions. During this course, participants will be able to tackle these challenges and know how to approach decision making amidst complexity & uncertainty.
Rihards Garancs
Rihards is the Executive Education Managing Director at SSE Riga and lecturer in undergraduate and Executive MBA programmes across the Stockholm School of Economics in Riga, Russia, and Hanken Executive Education in Helsinki. He is the Course Director of the Artificial Intelligence, Data Analysis and Business & Leadership Skills courses. He is also the Topic Lead for Digital Transformation at the SSE Riga Institute for Strategy.
Rihards runs a consulting practice that develops Business Intelligence, Data Strategy, Data & Digital capability building solutions. He helps companies & their employees advance in business analytics using the latest digital tools.
Rihards holds a double degree MBA in HEC Paris and National University of Singapore, a BSc in Economics & Business from SSE Riga as well as Data Science certification.
Context
Strategic decision making looks at the most important and most difficult to recruit (find) skill that organizations are lacking. The course will look at key components that create strategic decision making - navigating information & data, critical thinking, acquiring & synthesizing new information, making decisions based on data and thinking strategically. Each of these topics will be covered thoroughly to ensure that course participants can effectively apply different frameworks and develop the right mindset to solve business problems.
Through practical examples, simulations, case studies, and reflection, the participants will be able to fully experience & develop strategic decision making & apply it effectively in day-to-day work.
Benefits
Organizations that invest in the capabilities underpinning this course will gain:
- Participants that have a substantial arsenal of frameworks, concepts, and knowledge base to make impactful decisions
- Course participants will develop a strategic mindset in approaching different types of problems, they will be able to identify what elements should be used, how to frame different decisions and how to make them under pressure, ambiguity, or complexity
- Understanding how to solve complex problems and think critically as well as have data driven decision making mindset that is bias-free
- Able to create new solutions and think holistically, taking into consideration multiple aspects when making decisions
- Able to practically apply knowledge to their daily or strategic problems and test their impact on decisions
Who should attend
This course is designed for all workers that make decisions, perform analysis, manage other people, are team members or are simply company expert/specialist that wants to become more effective in making decisions.
Content
Critical thinking/acquiring new information
- Learning strategies
- Information synthesis
- Rethinking and information evaluation
- Unbiasing your thinking
Data driven decision making
- Reading data critically
- Business decision making
- Dealing with “noise”
- Implementing data driven decision making in your organization
Complex problem solving
- Problem solving approaches
- Structured problem solving
- Dealing with complexity and ambiguity
- Creating new solutions
Strategic thinking
- Introduction in design thinking
- Creative problem solving
- Holistic thinking
- Introduction in strategic foresight
Participation fee
790 EUR + VAT
Receive a 10% discount on the participation fee if you have participated in any of our open programmes during the past 12 months.