Certificate in Business Decision Models|Online

Certificate in Business Decision Models - Virtual Learning

Why Attend

Managers make decisions under three different conditions: certainty, risk, and uncertainty. It is part of their job description. Yet, few managers receive any formal training on decision making. This course provides participants with the essential business decision models and techniques in order to improve the quality of their decision making, taking into consideration the condition they operate under.

It also offers key advice on decision-making models and techniques that will enable you to make more informed/better decisions, manage uncertainty, improve your success rate, and become a more effective manager.

Course Methodology

The course uses a mix of interactive techniques, such as brief presentations by the consultant, case studies, and group exercises to apply knowledge acquired throughout the course.

Course Objectives

By the end of the course, participants will be able to:

Explain the principles of good decision making
Use data to make informed and better decisions
Implement risk-based decision making techniques
Develop essential financial literacy skills
Use tools to implement successful decisions

Target Audience

Managers, department heads, and business professionals who are involved in decision making, planning, and developing strategies for their own departments as well as the organization.

Target Competencies

Decision making
Risk management
Risk assessment
Evaluation
Budgeting
Analytical thinking
Financial decision making

The Principles of Decision Making
- Decision-making assessment
- The standard decision-making model
- The decision-making spectrum
- Townsend’s rules
- The RAPID model
Using Data for Better and Informed Decisions
- Lewin’s force field analysis of support and opposition
- Scenario analysis and charting possible futures
- Case study
- Mapping stakeholders’ reactions
- Dealing with the politics of decisions
Risk-Based Decision Making
- Risk impact/probability chart
- Characteristics of the risk/impact probability chart
- Decision tree analysis
- Decision tree analysis implementation steps
- Application exercises
Financial Literacy for Decision Makers
- Capital budgeting and cost of capital
- Accounting Rate of Return (ARR)
- Payback Period (PP)
- Net Present Value (NPV)
- Internal Rate of Return (IRR)
Implementing Your Decisions Successfully
- Round’s Trap model
  - How to use it
- Shewhart’s PDCA model
  - How to use it
- Application exercise
- Lessons learned

Meirc Professional Certificate (MPC)

MPC certified courses by Meirc Training & Consulting are designed for those willing to challenge themselves and go the extra distance. Participants who fully attend an MPC course and successfully complete the test on the last day, will receive a Meirc Professional Certificate (MPC), in addition to the one they receive for full attendance. MPC certificates are regionally recognized and can be quite valuable when applying for more senior roles within the organization or outside.

List of Certified Courses

2024 Schedule & Fees

Fees

Per participant

USD 3300

Fees + VAT as applicable

Discount Plans & Cancellations Policy

Location & Date

There are no public sessions remaining for the course this year. Please contact us if you wish to have a customized in-house session, or to find out how an additional public session can be scheduled.

Meirc reserves the right to alter dates, content, venue, trainer, and to offer courses in an integrated virtual learning (IVL) format whereby face to face classroom participants and virtual learners participate simultaneously in the same course in an interactive learning experience.

Tax Registration Number: 100239834300003

This course is also offered in face-to-face courses, click on the course below.

Certificate in Business Decision Models

26 - 30 May, 2024

Arabic

Cairo

Certificate in Business Decision Models

14 - 18 Jul, 2024

English

London

Certificate in Business Decision Models

1 - 5 Sep, 2024

Arabic

Dubai

Certificate in Business Decision Models

8 - 12 Dec, 2024

English

London

Overview

Course Methodology

The course uses a mix of interactive techniques, such as brief presentations by the consultant, case studies, and group exercises to apply knowledge acquired throughout the course.

Course Objectives

By the end of the course, participants will be able to:

Explain the principles of good decision making
Use data to make informed and better decisions
Implement risk-based decision making techniques
Develop essential financial literacy skills
Use tools to implement successful decisions

Target Audience

Managers, department heads, and business professionals who are involved in decision making, planning, and developing strategies for their own departments as well as the organization.

Target Competencies

Decision making
Risk management
Risk assessment
Evaluation
Budgeting
Analytical thinking
Financial decision making

Course Outline

The Principles of Decision Making
- Decision-making assessment
- The standard decision-making model
- The decision-making spectrum
- Townsend’s rules
- The RAPID model
Using Data for Better and Informed Decisions
- Lewin’s force field analysis of support and opposition
- Scenario analysis and charting possible futures
- Case study
- Mapping stakeholders’ reactions
- Dealing with the politics of decisions
Risk-Based Decision Making
- Risk impact/probability chart
- Characteristics of the risk/impact probability chart
- Decision tree analysis
- Decision tree analysis implementation steps
- Application exercises
Financial Literacy for Decision Makers
- Capital budgeting and cost of capital
- Accounting Rate of Return (ARR)
- Payback Period (PP)
- Net Present Value (NPV)
- Internal Rate of Return (IRR)
Implementing Your Decisions Successfully
- Round’s Trap model
  - How to use it
- Shewhart’s PDCA model
  - How to use it
- Application exercise
- Lessons learned