Strategic Thinking & Analytical Decision Making
Professor: Mary Finlay
Strategic Thinking and Analytical Decision Making equips students with the tools, techniques, and frameworks to think creatively, critically, analytically, and strategically to make managerial decisions that lead their firms toward value creation under conditions of competition and complexity. To be a strategic manager is to move with a goal or goals in mind, to integrate information across functional areas and organizations, to use and collect data, and to be cognizant and engaged with the past and the future, the big picture and the operational. Creative, critical, analytical, and strategic decision makers know how to recognize and categorize decision problems, how to represent the essential structure of the decision situation, how to discover multiple solutions creatively, and how to analyze solutions using tools based on decision theory. Decision makers need to be able to think effectively about the inputs into a decision analysis, about whether to trust the analysis, and about how to use the outputs to guide a firm's strategic actions. Managing uncertainty, turbulence, complexity, intense competition, and opportunities for innovation are all hallmarks of analytical decision making.
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