Managerial Decision Making in VUCA World

Start Time

18 Nov, 2019
09:30 AM

End Time

22 Nov, 2019
05:15 PM

Location

COD Campus

PERSPECTIVE

Today’s business environment is best described as VUCA – Volatile, Uncertain, Complex and Ambiguous. VUCA is quite simply the expression of the fact that the rate of change is outpacing our ability to adapt. Structured, prescriptive readymade solutions cannot be offered for the problems faced by the organizations in the today’s world as they are unique, multifaceted and complex. The managers have to develop ability to identify the real reasons for the problems, think outside the box for the solutions and also create the climate conducive for creativity, innovation and experimentation in the organization to enhance critical thinking abilities in the employees.

Managerial decision making in general is complicated and confusing. The progress of an organization can be profoundly affected by what a manager decides. Further, the decision stages, steps, platforms and phases are the important factors of the managerial decision-making process. Therefore, there is a need to train the managers so as to enable them to make effective decisions for their organizations based on agility in decision making, critical thinking, adaptable learning, people orientation and responsiveness to change.

The program blends creativity and problem solving in a comprehensive approach to problem solving and decision-making process. It aims at helping the participants in identifying the root cause of the problems, think creatively to find solutions and take optimal decisions to solve problems. The participants will be exposed to the world of creativity and several decision-making styles and techniques, application of these techniques and tools in the real-life situations will be discussed.

OBJECTIVES

The program aims at:

  • To understand the problem-solving model of decision making
  • To appreciate the problems of leadership and decision making in VUCA world
  • To learn different decision-making styles
  • To learn the skills required for problem solving and decision making

 

CONTENTS

  • Leadership in VUCA world
  • Managing change
  • Speaking with intent and listening for potential
  • Tolerance for ambiguity
  • Influence of values on decision making
  • The process of problem solving and decision making
  • Optimal decision making
  • Decision making styles
  • Creativity and decision making
  • Decision style inventory
  • Barriers to effective decision making
  • Conflict management and decision making

 

METHODOLOGY

The methodology will be a combination of psychometric assessment tools, conceptual sessions, structured exercises, group discussions and case studies

PARTICIPANTS’ PROFILE

This program is suitable for leaders, managers and middle and senior level executives who are interested in enhancing their decision making and problem-solving skills

DURATION

The programme starts at 0930 hours on November 18 and concludes on November 22, 2019 at 1715 hours. The participants are expected to arrive in Hyderabad a day before commencement and may leave after the conclusion of the programme or in the morning of the following day.
VENUE

The programme will be held at the Centre for Organization Development, Madhapur, Hyderabad. It is fully residential and the participants will be accommodated in single air-conditioned rooms at its campus.

The Centre arranges transport between Airport/Railway Station and the campus.

PROGRAM FEE

The Programme fee is Rs.42,000/- + GST. The fee includes tuition, board and lodging, courseware and other facilities of the Centre like Internet usage, well equipped gym. Local participants not availing hostel accommodation will be given a discount of Rs.1,000/- per day for the duration of the programme. Cheque/DD drawn in favour of “Centre for Organization Development” payable at Hyderabad, along with the nomination form be sent to the Head, Programmes Office, Centre for Organization Development, Madhapur, P.O. Cyberabad, Hyderabad 500 081.

Organizations/Institutions nominating more than one person will be given a concession of 10 per cent in fee to the second nominee and onwards. A 10 per cent concession is also given to a woman participant. In either case, the maximum allowable concession is 10 per cent.

LAST DATE FOR NOMINATION

November 8, 2019

CERTIFICATE OF PARTICIPATION

The Centre issues a Certificate of Participation on conclusion of the Program.

COD ALUMNI ASSOCIATION

Participants of the program will become members of COD Alumni Association.

PROGRAM DIRECTOR

Mr. A. B. Prasad, Professor, Organizational Behaviour and Organizational Development, Centre for Organization Development. Prior to joining COD in 2013, he was with State Bank of India in various capacities for more than three decades. He has a long tenure with SBI Staff College as a Deputy General Manager and Senior Faculty respectively.

Subsequently, he was General Manager with Reliance Retail Limited in the department of Talent Transformation. He is an Advisor to the OTI Company in Jakarata, Indonesia.

He has published more than 15 papers on training and organizational behavior and has contributed 12 articles on financing various agricultural projects.

He has presented papers in various international and national forums.