Managerial Decision Making under Uncertain Business Environment

Presently, as the global business environment undergoes significant changes, businesses are becoming more competitive, volatile, and uncertain. The effects of such changes are substantial, particularly from a managerial decision-making perspective. The question arises, what can go wrong? How likely is it? What are the consequences? While a sensitive manager may take due care to insulate the business against fairly predictable changes, she also needs to keep herself ready to adapt to the uncertain business environment. Such readiness to navigate the volatile business environment at times opens unexplored opportunities for the corporation.

It is essential for managers in dynamic business organizations to stay up to date with various techniques that would not only help them to overcome the challenges of an uncertain business environment but also help them navigate the corporation in newer avenues.

The programme will cover the following topics:

The programme objective is to train senior and middle-level managers to develop critical thinking and analytical skills that can be applied to enhance decision-making in an uncertain business environment. Several analytical tools would be introduced to equip managers with the skills to apply economics meaningfully to navigate the organizations in a dynamic environment of uncertainty. Concepts from this programme can also be used in fields such as Industrial Regulation, Strategic Competition, International Business, Marketing, Financial Management, Operations Management, and Public Policy.

Sessions are primarily lecture-based. Applications and case studies will be discussed to reinforce understanding of concepts.

The programme is intended for middle and senior-level managers who make decisions in a dynamic environment of uncertainty.

It is designed for executives transitioning from tactical to strategic roles and for those engaged in cross-functional decision-making.

It is of particular benefit to the decision makers who need to have deep knowledge of various analytical models to navigate the organisations through high levels of geopolitical uncertainty.