All entries for Sunday 22 April 2012

Robust Decisions

While doing the Robust Decision Making module I have learnt different techniques to understand the use of theories in implementing excellent ways to make a sustainable decision. I have learnt different skills and the use of various tools on how to make decisions that are robust. Decision-making is a skill that managers have reported as being essential, as training sessions should be experimented with new tools and techniques that are effective in bringing about behavioural change. The significance of learning about these different techniques has furthered my knowledge to help provide potential ways to make sustainable long lasting robust decisions. There are many tools out there and during the module we have focused on 3 main tools. Which were the decision tree, a grid analysis, and scenario planning. One of the tools was scenario planning this tool was used to forecast flexible plans in the future and see what the financial year will be like and how many products will be sold this year and next year, this is done by using previous years information.

: 22 Apr 2012 01:24 |  Comments (0) |  Close comments |  Report a problem