Executive Decision-Making

Executive Decision-Making

50mIntermediate2019-11-05

Authors

Mike Figliuolo

Mike Figliuolo

Founder and Managing Director of thoughtLEADERS, LLC

Course details

Making executive decisions requires making tough choices. The decision to lay people off, halt major projects, or to take your company global all come with a significant amount of risk—both business risk and professional risk. In this course, executive coach Mike Figliuolo explains the difference between executive decision making and day-to-day decision making and shows how to equip yourself so you can make high-quality decisions with far-reaching positive impact.

Mike helps you find the data and tools to support your decision, make the call, communicate decisions effectively, and lead your organization through the change. He'll also address common problems that arise from these high-profile decisions: cultural differences, quality of information, trust, and accountability, to name a few.

Learning objectives
Explore methods for communicating more effectively.
Review decision-making styles to find the best one for you.
Recognize the right time to declare success.
Recall how an understanding of inherent biases can help you get the right data.
Review methods for building trust.
Explore how to make the right call while assessing risks.

Skills covered

Decision-MakingProfessional DevelopmentLeadership and ManagementDeep Dive (X:Y)

Concepts

Introduction

  • What is at stake in executive decision making

Characteristics and Context of EDM

  • Executive vs. day-to-day decision making
  • Assessing the greater risks
  • Planning for long-range impacts
  • Making hard choices

Key Ingredients for Good Decision-Making

  • Getting the right data for making a decision
  • Using the right tools
  • Exercising proper judgment
  • Communicating effectively
  • Managing change

Making the Decision

  • Determining who's involved
  • Making the call
  • Defining your measures
  • Declaring success

Common Problems

  • Cultural differences
  • Quality of data
  • Accountability and transparency
  • Trust

Example Decisions

  • Acquisition
  • System implementation
  • Market expansion
  • Downsizing

Conclusion

  • Taking a broad perspective
40,000 Toman