Explore big ideas about decision-making and risk and learn about the decision-making process, with this course for professionals. Understand the decision-making process in a management context. How do we make decisions? How does our understanding of risk affect our decisions? Get answers to these questions and more, with this short course that explores big ideas about decision-making and risk.
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You will learn about the definition of risk and look at some of the barriers that hinder effective decision-making in our professional and personal lives. You will also look at some techniques that could help overcome these barriers, and analyse Daniel Kahneman’s decision-making model.
What topics will you cover?
- The difference between risk and uncertainty: are our professional and personal decisions as good as we think they are?
- The nature of data and information
- The challenges facing data management
-Risk management
- Barriers to effective decision-making
What will you achieve?
By the end of the course, you‘ll be able to...
- Explore the nature of data and information
- Explore the challenges facing data management
- Explain the difference between risk and uncertainty
- Explore and deal with barriers to effective decision-making
