Professional Learning - Sensible business decisions under uncertainty

Professional Learning

Sensible business decisions under uncertainty

Sensible business decisions under uncertainty

Location: Tilburg

Decisions are key in shaping our lives, professionally as well as privately. Taking decisions is a science as well as an art. It needs effective mixing of analytical skills, tools, organization structures, and efficient processes to make high quality decisions.

Taking decisions is a science as well as an art!


Often, we see that the quality of a decision is discussed afterwards, when the outcome is clear. This is wrong as we should like to know at the moment that we make a decision what the quality is. Moreover, in decision making there is always uncertainty involved that can make a good decision turn into a good or bad outcome, vice versa a bad decision can also turn into a good or bad outcome.

In this program you will learn how to establish the quality of a decision, how to tackle the complexity of a decision and how to address the associated risks and uncertainties.

Starting from a different angle, enterprise risk management usually focusses on the effects that particular events or circumstances can have on an organization. This program gives insights in how enterprise risk management and decision analysis can reinforce each other for the benefit of organizational performance.

After following this program:

  • you understand how to tackle the complexity of decision making in a structured and analytical way
  • you have the tools to determine the appropriate approach for preparing decisions that are organizationally and/or analytically complex
  • you have an overview of the six requirements to make high quality decisions and you learn how to apply these in your own environment
  • you’ve learned the basic steps of valuation and probabilistic analysis that can be used in the evaluation phase of investment decision
  • you are able to understand how enterprise risk management and decision analysis can reinforce each other
  • you are able to facilitate a risk deep-dive session to reduce the level of uncertainties
  • you understand the value of scenario thinking to describe different future worldviews that can help in the decision making process
  • you have insights how an organization can structure itself to increase the quality of its decisions
  • you work on your own case and will be guided during the implementation (tuned to the fase of your own question)
Sensible business decisions under uncertainty in short
What makes this program unique?

Program structure and approach

Program overview Sensible business decisions under uncertainty
Learn from the best: introducing our professors and practitioners
Practical information Sensible business decisions under Uncertainty

Contact

  • Miriam Crousen

    Program Coordinator

    If you require more information about this program please feel free to contact our Program Coordinator via

    Phone: +31 13 466 3898

    E-mail: professional-learning@tilburguniversity.edu

Sensible business decisions under uncertainty

Are you interested?