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DQ 101: Introduction to Decision Quality

Instructor:
Carl Spetzler, Ph.D., Partner, Strategic Decisions Group; Program Director, Stanford Strategic Decision and Risk Management Certificate Program
A free course from Strategic Decisions Group
October 09, 2014
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November 15, 2014

The Course

Uncertainty and endless debate can inhibit our ability to make good decisions. Many of us squander our best opportunities to create value through better decisions. What if we could judge the quality of our decisions at the time we make them, rather than waiting for their outcome? What if we could turn uncertainty to our advantage? Decision Quality (DQ) is a practical and systematic approach that methodically breaks down barriers and improves the quality and timeliness of important decisions.

Decision Quality has proven to be an invaluable business tool for some of the largest corporations in the world. Companies that have adopted DQ for all their major decisions, like Chevron, are significantly outperforming their peer group of companies.

Now you can learn to make smarter decisions. In this five-week introductory course, you’ll work in teams to learn the DQ approach, which draws from the disciplines of business, engineering, psychology, organizational behavior, and decision science. Whether you’re an executive, a manager, an analyst, or a small-business owner, you’ll learn to improve your decision-making process, generate better alternatives, focus on relevant information without getting bogged down, apply sound reasoning, and take timely action more effectively and efficiently. By the end of this course, you will be able to:

  • Understand the six requirements of Decision Quality
  • Recognize the quality of a decision before you make it (not just in hindsight)
  • Identify gaps in Decision Quality and focus your attention where it matters
  • Reach DQ in significant decisions in a timely and efficient way
  • Gain awareness of strategic Decision Quality, decision "power tools," and the role of decision professionals.

In a recent offering of this course, 88% of participants said it was relevant to their job, and 90% said they would recommend it to a colleague! This course will focus on DQ as it is used in business, but the principles of DQ apply to personal decisions as well.

More Information

Workload:

Expect to spend between 2-4 hours per week on the course over the five-week period.

Course Design:

This course is designed as a combination of short lectures and engaging team-based activities. While participants may work on their own, for a richer educational experience we recommend joining a team. Course materials, communications, and assignments will be in English.

 

Course Content:

Week 1: The Power of Decisions in Shaping our Lives and Business Fortunes

Week 2: Appropriate Frame; Creative and Doable Alternatives; Clear Values and Trade-offs

Week 3: Relevant and Reliable Information

Week 4: Sound Reasoning

Week 5: Gaining Commitment to Action; Bringing it All Together

 

 

Technical Requirements:

You will need a computer that allows you to watch the video lectures and upload a variety of assignments including videos, slides, and text.

 

Statement of Accomplishment:

Subject to satisfactory performance and course completion, you will receive a statement of accomplishment signed by the instructor.