The Art of Decision Making

Offered by the State Bank of India

Course Description

Welcome to "The Art of Decision Making," an insightful and comprehensive course designed to enhance your decision-making skills in both personal and professional contexts. This introductory-level course, offered by the prestigious State Bank of India, delves into the fundamental concepts, processes, and strategies of effective decision making.

In today's fast-paced world, we are constantly faced with choices that can significantly impact our lives and careers. Whether you're a seasoned manager or an individual looking to improve your personal decision-making abilities, this course offers invaluable knowledge and practical tools to help you make better, more informed decisions.

What Students Will Learn

  • The concept and definition of decision making
  • The importance of decision making in personal and organizational contexts
  • Different types and styles of decision making, including individual and group approaches
  • Hidden traps and common errors in decision making
  • Essential skills required for better decision making
  • Ethical considerations in the decision-making process

Pre-requisites

There are no specific pre-requisites for this course. It is designed for beginners and assumes no prior knowledge of decision-making theories or practices. However, an open mind and willingness to learn and apply new concepts will be beneficial.

Course Coverage

  • Definition and concept of decision making
  • Importance of decision making in various contexts
  • Individual and group decision-making styles
  • The rational decision-making process
  • Hidden traps and common errors in decision making
  • Key decision-making skills (information gathering, ideation, creativity, analysis, etc.)
  • Critical thinking and problem-solving techniques
  • Ethical principles and considerations in decision making

Who This Course Is For

  • Managers and professionals looking to enhance their decision-making skills
  • Students preparing for leadership roles
  • Individuals seeking to improve their personal decision-making abilities
  • Anyone interested in understanding the psychology and process behind effective decision making

Real-World Applications

The skills acquired in this course have wide-ranging applications in both personal and professional settings. Learners will be able to:

  • Make more informed and effective decisions in their daily lives
  • Improve their problem-solving abilities in the workplace
  • Enhance their leadership capabilities by making better strategic decisions
  • Avoid common pitfalls and biases in decision making
  • Apply ethical considerations to complex decision-making scenarios
  • Collaborate more effectively in group decision-making processes
  • Analyze and evaluate decisions more critically

Syllabus

Week 1: What is Decision Making?
  • Definition and concept of decision making
  • Importance of decision making
  • Individual decision making
  • Individual decision making styles
  • Group decision making
  • Group decision making styles
Week 2: Decision Making Process
  • Rational decision making
  • Assumptions in rational decision making
  • Three Cs in decision making – Conflict, Consideration, and Closure
  • Hidden traps in decision making
  • Common errors in decision making
Week 3: Decision Making Skills
  • Information gathering
  • Ideation/ Brainstorming
  • Creativity & lateral thinking
  • Decision analysis
  • Intuitive decision making
  • Critical thinking
  • Problem Solving
Week 4: Ethics in Decision Making
  • Importance of ethics in decision making
  • Ethical principles
  • Ethical choices

Conclusion

By the end of this course, you'll be equipped with a robust toolkit of decision-making strategies and techniques, enabling you to navigate complex choices with greater confidence and clarity. Don't miss this opportunity to transform your approach to decision making and unlock your potential for success in all areas of life!