Science and art of decision making

Program Title

Science and art of decision making

Brief About the Workshop

Decision making is both science and art this session intend to cover  decision-making approaches for effective decision in personal, professional and organizational settings. The course intend to introduce some key element, structure, approached for rational and /or ethical decision making. It intends to give a process for some of approaches which business can follow for risk-based decisions. Topic will cover discussion around psychology, risk management, marketing and economics.

Objective & Key Takeaways

  • Is decision-making an art or science?
  • The Implications of Personal Preferences on Decision-Making
  • Individual vs group Decision-Leverage diversity and collaboration in decision making
  • Behavioural economics tool for analysis of decision making
  • Stakeholder analysis
  • Process vs. the decision itself
  • Decision trees and other tools
  • Predictive modelling and Simulating the future
  • Decision making by business based on Vision, Mission, Goal , plan and strategy, Risk and evaluating option for decision making
  • Some ethical aspect in decision making
  • Reprise – is decision-making an art or science?

Who can Participate

  • College student sitting for placement or have got campus placement
  • Employees at entry to mid level of profession/ Job
  • Young professional who have set up business including startups
  • Anyone wanting to learn on art and science of Decision making

For any query, please write to :

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