Decision Making for Managerial Effectiveness
Last date for registration: 04 Nov, 2023
End Date : 16 Nov, 2023
Early Bird Discount Date : 24 Oct, 2023
Residential Early Bird Fee(excluding GST) : Rs. 94,500
Non-Residential Fee(excluding GST) : Rs. 90,000
Non-residential Early Bird Fee(excluding GST) : Rs. 81,000
The great French philosopher, Jean-Paul Sartre, said: “Men are not created but create themselves through their choices.” These choices are rooted in and stem from the decisions we make. To become high achievers or managers aspiring to become effective leaders, we must understand how to make optimal decisions. It is even more important to understand how not to make suboptimal decisions.
Most often, when managers make decisions, they are unaware of the subtle influences that underpin the decisions they make (or do not make). Therefore, understanding decision making extends beyond discrete “decisions” to how individuals frame and set the context for decisions among themselves and within their teams and organizations. This programme seeks to fill this critical gap by exposing participants to different perspectives on how decisions are made by individuals, groups, and organizations in the real-world context.
The programme exposes participants to how framing, biases, motivational influences, and escalation of commitment creep into decisions we make. We seek to understand how decisions made by smart and responsible individuals and groups can sometimes lead to organizational failures and disasters, that can affect the destinies of thousands of people. We also try to understand how humans interpret the complex situations they face, and how do strategies leaders and managers employ to deal with these complexities, uncertainties, and crises. Understanding this will help managers and leaders make better and more creative decisions in their organizations.
The objectives of the programme are to:
Appreciate the complexities of individual, group and organizational decision-making processes, and be able to gainfully apply the acquired knowledge and understanding to day-to-day professional and social environments, and managing crises.
Become more aware of decision biases and their pitfalls and be able to develop strategies to guard against these crises.
Gain an understanding of the relationship between organizational performance and decision making, and the importance of building an organizational culture of mindfulness to prevent critical organizational failures.
Through experiential exercises, videos, case analyses, and hands-on simulations, this program helps participants understand various biases and traps that cause smart people to make bad decisions. Participants will also learn how to overcome information gaps and asymmetries in team settings in order to enhance group decision making. Finally, participants will learn how to manage agreement and disagreement. All modules are anchored in conceptual and practical perspectives.
Who Should Attend
Young and middle managers with practicing experience of between five to twelve years will benefit substantially from the program, as it will help them prepare decision strategies for the future.
INR 1,05,000/- Residential and INR 90,000/- Non -Residential (+ Applicable GST) per person for participants from India and its equivalent in US Dollars for participants from other countries.
Early Bird Discount
Nominations received with payments on or before 24-Oct-23 will be entitled to an early bird Discount of 10%.
Early Bird Fee (Residential) INR 94,500/-(+ Applicable GST)
Early Bird Fee (Non-Residential) INR 81,000/-(+ Applicable GST)
Group Discount of 5% percentage can be availed for a group of 3 or more participants when nominations received from the same organization.
All enrolments are subject to review and approval by the programme director. Joining Instructions will be sent to the selected candidates 10 days prior the start of the programme.
The programme fee should be received by the Executive Education Office before the programme commencement date.
In case of cancellations, the fee will be refunded only if a request is received at least 15 days prior to the start of the programme.
If a nomination is not accepted,the fee will be refunded to the person/ organisation concerned.
A certificate of participation will be awarded to the participants by IIMB.
Mukta Kulkarni obtained her PhD degree in Organization and Management Studies from the University of Texas at San Antonio. She is currently a Professor and was the Mphasis Chair for Digital Accessibility and Inclusion at IIMB and she teaches courses on Organization Design. Regarding disability policy, she has served on the National Committee of the Confederation of Indian Industry, has authored reports for the Ministry of Social Justice and Empowerment, and for the Karnataka Government. Her work has been recognized in a variety of academic spaces including Academy of Management Journal, Human Relations, and the Academy of Management Carolyn Dexter award, among others.
Professor Vasanthi Srinivasan did her Post Graduate Diploma in Personnel Management and Industrial Relations from XLRI Jamshedpur, and a Fellow in Management (PhD equivalent) from the Indian Institute of Management, Bangalore. She was the ICCR Chair Professor of Corporate Responsibility and Governance at the HHL School of Management, Leipzig, Germany in 2012-2013 and a British Council Visiting Scholar at the International Centre for Corporate Social Responsibility at the Nottingham University Business School. Her research projects include “Business and Human Rights disclosures of the 100 listed companies’ with National Human Rights Commission, “Rethinking responsible business conduct in the pharmaceutical and healthcare sector” with CUTS International and “Building the women directorship pipeline in India” with support from National Stock Exchange. Vasanthi is currently on the Board of Directors of Enable India and Fourth Wave Foundation. She was a member of the Uday Kotak Committee on Corporate Governance set up by Securities Exchange Board of India in 2017. She has been a member of the Working Group on Business and Human Rights set up by NHRC and a member of the Advisory Group of the NAP on Business and Human Rights set up MCA in 2020. She is an Executive Committee Member of the International Society of Business, Economics & Ethics (ISBEE).
How to Apply
Note: Certificate image is for reference to potential participants only and may change at the discretion of Executive Education Programmes Office