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Hospitality Leadership Through Learning
Industry

Executive Decision Making

Course Cost US$625
Number of Hours to Complete Course: 8
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This course is part of an Online Certificate.

Course Focus

In today's competitive business climate, it is imperative that executives know how to make key decisions quickly and decisively. Strategic decisions often entail considerable risks and can have long-range implications for the organization. In this course, participants will learn how to apply formal decision-making processes in order to reduce risk and choose the best course of action for their organization. They will learn methods and techniques for making critical decisions in a challenging environment with limited time and resources. This course focuses on how to maximize available assets, identify risks and obstacles, and gather the necessary data for an informed decision-making process.

Who Should Take This Course?

This course is a priority for executives, managers, and team leaders responsible for their organizations' strategic and operational decisions.

Course Overview

The Executive's Decision-Making Tasks -

1. Organizational factors and personal characteristics that affect decision making
2. Framing and categorizing situations to aid in making effective, objective decisions
3. Conducting decision-tree analyses
4. Gathering data and evaluating it for completeness, relevance, and possible bias

Formal Methods for Executive Decision Making -

1. Most common formal methods and when to use them
2. Bayesian analysis

Course Topics:

  • Gather crucial data and resources to inform the decision-making process.
  • Identify appropriate situations for involving others in a decision-making process.
  • Ascertain risks, uncertainties, and ambiguities in an executive decision-making environment.
  • Overcome organizational factors that complicate decision making.
  • Apply formal methods such as decision tress and Bayesian analysis to arrive at appropriate decisions.

Faculty

  • Florence Berger, Ph.D., Professor Emeritus, School of Hotel Administration, Cornell University
  • Judi Brownell, Ph.D., Professor, School of Hotel Administration, Cornell University

Levels 1 2 

Course Format:

Our online courses take a problem-based approach to learning, and we build each course around realistic case studies and scenarios. All courses are self-paced, and are managed by an online instructor who leads the online discussions and is available to answer any questions about the course content. You will have a 2-week instructional period at the beginning of the course within which you will complete the required elements of the course. You will have access to the course content for an additional month following the instructional period.

Course sessions begin on Wednesdays.
Please choose from the following course start dates:

Course Code: DLP04SM506

Completion of this course qualifies for .6 Continuing Education Units (CEUs).

  • 09 December 2009
  • 06 January 2010
  • 20 January 2010
  • 03 February 2010
  • 17 February 2010
  • 03 March 2010
  • 17 March 2010
  • 31 March 2010
  • 14 April 2010
  • 28 April 2010
  • 12 May 2010
  • 26 May 2010
  • 09 June 2010
  • 23 June 2010
  • 07 July 2010
  • 21 July 2010
  • 04 August 2010
  • 18 August 2010
  • 01 September 2010
  • 15 September 2010
  • 29 September 2010
  • 13 October 2010