Art and Science of Decision Making

Start Date:May 27, 2019 End Date:May 30, 2019
Last Date for Application:May 13, 2019 Last Date for Early Bird:May 6, 2019
Programme Fee: 90000 INR

Plus 18% GST

Early Bird Fee:83700 INR

Plus 18% GST

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Bias for action is the core of management profession. Decisions precede action framework. A complex managerial decision requires a judicious consideration of the context, data, consequences, risks and (diverse) perspectives of stakeholders. This program intends to help participants observe, understand and reflect decision making in multiple perspectives from the realms of operations research, artificial intelligence, human capabilities and behaviour.

  • To enable participants to structure a problem context, generate alternatives, evaluate them on a multiple set of criteria.
  • Examine the decision making process from the outcome from a pragmatic perspective.
  • To appreciate the complexity of decision making, when multiple stake holders are involved.
  • To draw knowledge and insights from behavioural sciences in instilling appropriate decisions in a context.
  1. Problem Structuring
  2. Managing Uncertainties in decision making
  3. Multiple stake-holders’ perspective
  4. Illustration from functional areas
  5. Complexity of decision making in public systems
  6. Behavioural aspects of decision making
  • Middle level managers with 5-10 years of experience in public, private and not-for-profit governmental organizations and multinationals.
  • Owner managers of SMEs
  • Executives holding key positions in family business

Case based; Discussions and analysis in the context of ground realities.

Faculty Chair

Goutam Dutta

Goutam Dutta

Programme Faculty