UPDATE: Due to the global COVID-19 pandemic we will no longer be offering this course in summer 2020. Please check our latest news on this situation here.
If you already have a few years of professional expertise, you may be interested in the LSE Executive Education course Strategic Decision Making – to be delivered online commencing 1 June 2020.
In this era of deep uncertainty, rapid change and big data, making the right judgment calls and strategic decisions is more vital than ever. This course takes an interdisciplinary approach, boosting both decision intuition and analysis, and preparing you to kick-start change, one decision at a time.
How to choose in tough situations where stakes are high, and there are multiple conflicting objectives? What are the common ‘decision traps’ we fall into and how can we avoid them? Why do projects often take us longer and cost more than planned, and how should we get rid of this problem? How do we perceive risk, and how to act when there are risks and uncertainties involved in a decision? How can we create options that are better than the ones originally available?
Decision making is a central aspect of both everyday life and any business activity. The ability to understand how decisions are made, and to predict, guide and improve those decisions will be an invaluable part of every change maker’s toolbox. It is this ability that will be developed in this course, which introduces students to insights from behavioural science and decision analytics and its application to management and policy making.
Our journey will begin with an exploration of systematic biases and errors, to raise your awareness about these “traps” with a view to becoming a better intuitive decision maker. The adventure will continue with the discovery of both qualitative and quantitative solutions, that will equip you with a key analytical framework for successful strategic decisions.
Note: This course focuses on behavioural decision science. Students who are more interested in behavioural economics should consider EC200. Moreover, this course is an introductory course, tailored for undergraduates, or new graduates. If you are already familiar with decision science concepts and theories, or if you already have a few years of professional expertise, you are welcome instead to apply to the executive course Strategic Decision Making taught on the LSE Executive Education programme. Due to the COVID-19 pandemic, a 4-week virtual delivery of this course will commence 1 June 2020.
Dates: 13 July – 31 July 2020
Lecturers: Dr Barbara Fasolo (Top-10 Teachers in Department of Management at LSE) and Dr Valentina Ferretti (Winner of the LSE Teaching Award for Inspirational Teaching in Risk and Decision Analysis)