Psychology of Risk Decision-Making & Reputation

Harness the Power of Mental Models, Perception & Communication Regarding Risks to Make Better Decisions and Influence Others

This interactive workshop is designed to improve your personal effectiveness and increase the productivity of your organization by drawing on the latest research in the psychology of judgment, combined with effective methodologies and tools on decision making. In today’s complex and volatile world, managers need to have the self-confidence to make important strategic decisions and to guide decision-making processes within their organizations. In doing so, a lot of attention is focused on quantitative aspects of risk and decisions. Decisions are supposed to be made based on the information that is available to us. However, this largely ignores the fact that human beings interpret data with systematic biases and make decisions in the context of their individual and group environment. We all have our own culture, personal experience and psychology. And these viewpoints form the real basis of our goals and influence profoundly the decisions we make. If these contexts are ignored, executives can make disastrous decisions and as a result, companies often lose money and competitive advantage. Hence developing your decision making skills are vital to develop frameworks for making sounder decisions and hence obtaining better results.

Course Content
* The Psychology of Judgment and Decision Making Processes
* Beginning with the Toughest: Risk Perception & Mental models
* Understand how your perception of risk creates biases while making important decisions
* Framing decisions, Gathering relevant information and forming informed diagnostic
* Overcome organizational barriers that inhibit decision processes
* Build on a comprehensive decision-making approach integrating a systematic analysis of risks
* Influencing individuals’ perceptions and decisions in group contexts
* Influencing organizational culture and how it influences decision making

A variety of methods are deployed in order to personalize the learning process such as: decision games, group games, case examples, small group discussions, as well as lectures and theory.