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Business 316: Strategic Decision Making

Course Summary

Use these video lessons on strategic decision making to gain insight on management methodologies, decision-making models, step-by-step guides for making decisions, and more. Using this Business 316 course can help you better understand homework assignments or prepare for an exam.
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13 chapters in Business 316: Strategic Decision Making

Week {{::cp.getGoalWeekForTopic(0, 13)}}
Ch 1. Introduction to Strategic Decision Making {{cp.topicAssetIdToProgress[250551].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - Decision Making: Definition & Types Score: {{cp.lessonAssetIdToProgress[64790].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[64790].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - The Seven Steps of Decision Making Score: {{cp.lessonAssetIdToProgress[14578].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[14578].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - The Decision Making Process for Organizations Score: {{cp.lessonAssetIdToProgress[2150].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2150].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - The Hidden Traps in Decision Making Score: {{cp.lessonAssetIdToProgress[250557].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[250557].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Common Biases and Judgment Errors in Decision Making Score: {{cp.lessonAssetIdToProgress[8846].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[8846].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - A Stakeholder-Based Approach to Ethical Decision Making Score: {{cp.lessonAssetIdToProgress[56954].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[56954].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - The Impact of Business Decisions on Stakeholders Score: {{cp.lessonAssetIdToProgress[25950].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[25950].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(1, 13)}}
Course Progress Best Score
Lesson 1 - Strategic Business Thinking: Definition & Examples Score: {{cp.lessonAssetIdToProgress[57927].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[57927].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - The Five Attributes of Strategic Thinkers Score: {{cp.lessonAssetIdToProgress[57928].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[57928].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Habits of Strategic Thinkers Score: {{cp.lessonAssetIdToProgress[57929].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[57929].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - What is Critical Thinking? - Definition, Skills & Meaning Score: {{cp.lessonAssetIdToProgress[5750].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[5750].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Creative & Critical Thinking in Business: Importance & Examples Score: {{cp.lessonAssetIdToProgress[65284].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[65284].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Creativity in Decision Making: Importance & Examples Score: {{cp.lessonAssetIdToProgress[250587].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[250587].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Brainstorming & Other Big Picture Thinking Strategies Score: {{cp.lessonAssetIdToProgress[57966].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[57966].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - What is the Blue Ocean Strategy? - History, Definition & Example Score: {{cp.lessonAssetIdToProgress[250589].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[250589].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - The Theory of Blue Ocean Leadership Score: {{cp.lessonAssetIdToProgress[250591].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[250591].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(2, 13)}}
Week {{::cp.getGoalWeekForTopic(3, 13)}}
Course Progress Best Score
Lesson 1 - The Purpose of Statistical Models Score: {{cp.lessonAssetIdToProgress[14564].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[14564].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Mean, Median & Mode: Measures of Central Tendency Score: {{cp.lessonAssetIdToProgress[13771].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[13771].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Calculating the Standard Deviation Score: {{cp.lessonAssetIdToProgress[2389].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2389].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Statistical Analysis: Using Data to Find Trends and Examine Relationships Score: {{cp.lessonAssetIdToProgress[9631].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9631].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Using Regression Analysis in Business Score: {{cp.lessonAssetIdToProgress[142211].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[142211].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - What is Hypothesis Testing? - Definition, Steps & Examples Score: {{cp.lessonAssetIdToProgress[58552].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[58552].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Conducting Hypothesis Testing for a Mean: Process & Examples Score: {{cp.lessonAssetIdToProgress[58553].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[58553].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Type I & Type II Errors in Hypothesis Testing: Differences & Examples Score: {{cp.lessonAssetIdToProgress[58555].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[58555].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - The Relationship Between Confidence Intervals & Hypothesis Tests Score: {{cp.lessonAssetIdToProgress[58556].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[58556].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Hypothesis Testing Large Independent Samples Score: {{cp.lessonAssetIdToProgress[58557].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[58557].bestScoreQuestions}}  Take Quiz Optional
Lesson 11 - Bias in Statistics: Definition & Examples Score: {{cp.lessonAssetIdToProgress[55395].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[55395].bestScoreQuestions}}  Take Quiz Optional
Lesson 12 - Misleading Uses of Statistics Score: {{cp.lessonAssetIdToProgress[14572].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[14572].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(4, 13)}}
Course Progress Best Score
Lesson 1 - The Constructive Nature of Memory Score: {{cp.lessonAssetIdToProgress[250553].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[250553].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - The Quantitative Approach to Decision Making: Methods, Purpose & Benefits Score: {{cp.lessonAssetIdToProgress[43271].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[43271].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Quantitative Decision Making Tools: Decision Trees, Payback Analysis & Simulations Score: {{cp.lessonAssetIdToProgress[2152].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2152].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - What Is a Decision Tree? - Examples, Advantages & Role in Management Score: {{cp.lessonAssetIdToProgress[8522].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[8522].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Using Simulation to Analyze and Solve Business Problems Score: {{cp.lessonAssetIdToProgress[43276].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[43276].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - The Monte Carlo Simulation: Scope & Common Applications Score: {{cp.lessonAssetIdToProgress[43279].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[43279].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - What is Forecasting in Business? - Definition & Models Score: {{cp.lessonAssetIdToProgress[89912].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[89912].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Business Forecasting: Methods & Analysis Score: {{cp.lessonAssetIdToProgress[81779].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[81779].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(5, 13)}}
Course Progress Best Score
Lesson 1 - Using Accounting Concepts to Make Business Decisions Score: {{cp.lessonAssetIdToProgress[40543].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[40543].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Sunk Costs: Definition & Examples Score: {{cp.lessonAssetIdToProgress[15725].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15725].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Opportunity Cost: Definition, Calculations & Examples Score: {{cp.lessonAssetIdToProgress[42916].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[42916].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Differential Cost in Managerial Decision Making Score: {{cp.lessonAssetIdToProgress[80553].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80553].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Implicit Costs: Definition & Examples Score: {{cp.lessonAssetIdToProgress[15717].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15717].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Identifying Fixed Costs & Variable Costs for Producers Score: {{cp.lessonAssetIdToProgress[37337].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37337].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Mixed Costs: Definition & Examples Score: {{cp.lessonAssetIdToProgress[16008].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16008].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Incremental Analysis: Definition & Examples Score: {{cp.lessonAssetIdToProgress[80554].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80554].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(6, 13)}}
Course Progress Best Score
Lesson 1 - What Are Specialized Information Systems? - Decision Support Systems for Business Score: {{cp.lessonAssetIdToProgress[1779].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1779].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Decision Support Systems: How Managers Analyze Internal and External Data with DSS Score: {{cp.lessonAssetIdToProgress[1780].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1780].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Decision Making in Organizations Score: {{cp.lessonAssetIdToProgress[9629].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9629].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Business Intelligence (BI): Organizing, Categorizing and Accessing Data Score: {{cp.lessonAssetIdToProgress[1781].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1781].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Management Information Systems (MIS): Manager Decision-Making Tools Score: {{cp.lessonAssetIdToProgress[1782].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1782].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Applications of Management Information Systems (MIS): Financial, Marketing, Manufacturing & Human Resources Score: {{cp.lessonAssetIdToProgress[9630].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9630].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Executive Information Systems (EIS): Upper Management Decision-Making Tools Score: {{cp.lessonAssetIdToProgress[1783].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1783].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Geographic Information System (GIS): Using Maps & Locations to Make Decisions Score: {{cp.lessonAssetIdToProgress[1785].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1785].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(7, 13)}}
Course Progress Best Score
Lesson 1 - Decision Making for Managers: Certainty, Risk & Uncertainty Score: {{cp.lessonAssetIdToProgress[2151].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2151].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Risk Analysis & Risk Management in Business: Overview, Objectives & Comparison Score: {{cp.lessonAssetIdToProgress[43274].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[43274].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Risk Control vs. Risk Management Score: {{cp.lessonAssetIdToProgress[346857].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[346857].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - What Is a Risk Assessment? - Process, Methods & Examples Score: {{cp.lessonAssetIdToProgress[7512].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[7512].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Bounded Rationality and Decision Making in Organizations Score: {{cp.lessonAssetIdToProgress[8839].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[8839].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Using the Monte Carlo Simulation in Risk Management Score: {{cp.lessonAssetIdToProgress[79773].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[79773].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - External Environmental Changes Drive the Need for Risk Management Score: {{cp.lessonAssetIdToProgress[13143].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[13143].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(8, 13)}}
Course Progress Best Score
Lesson 1 - Decision Making: Process & Models Score: {{cp.lessonAssetIdToProgress[64788].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[64788].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Strengths and Weaknesses of Group Decision Making Score: {{cp.lessonAssetIdToProgress[10177].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10177].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Techniques for Group Decision-Making in Business Score: {{cp.lessonAssetIdToProgress[10179].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10179].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Group Polarization in Group Decision Making Score: {{cp.lessonAssetIdToProgress[10180].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10180].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Groupthink: Definition & Examples Score: {{cp.lessonAssetIdToProgress[2084].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2084].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Group Decision Support Systems (GDSS): Improving the Group-Decision-Making Environment Score: {{cp.lessonAssetIdToProgress[1784].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1784].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - The Common Sense Approach to Team Problem Solving Score: {{cp.lessonAssetIdToProgress[58757].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[58757].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - The Devil's Advocate: Impacts on Groups Decision Making Score: {{cp.lessonAssetIdToProgress[10181].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10181].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Problem Solving in High-Performing Teams Score: {{cp.lessonAssetIdToProgress[58756].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[58756].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(9, 13)}}
Course Progress Best Score
Lesson 1 - What Is a Decision Strategy in Business? Score: {{cp.lessonAssetIdToProgress[43292].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[43292].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Decisional Roles in Management: Types, Examples & Definition Score: {{cp.lessonAssetIdToProgress[4089].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[4089].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Strategy Formulation: Definition, Model & Process Score: {{cp.lessonAssetIdToProgress[8493].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[8493].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Payback Analysis: Formula & Example Score: {{cp.lessonAssetIdToProgress[8491].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[8491].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Process Approach to Management: Definition & Concept Score: {{cp.lessonAssetIdToProgress[8486].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[8486].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Quantitative School of Management: Improving Managerial Decision-Making Score: {{cp.lessonAssetIdToProgress[2052].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2052].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(11, 13)}}
Course Progress Best Score
Lesson 1 - The Decision Analysis Approach to Decision Making in Business Score: {{cp.lessonAssetIdToProgress[43285].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[43285].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Making Business Decisions Using Probability Information & Economic Measures Score: {{cp.lessonAssetIdToProgress[43286].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[43286].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Decision Making Without Probabilities: Optimistic, Conservative & Minimax Approaches Score: {{cp.lessonAssetIdToProgress[43287].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[43287].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Business Decision Analysis for Cases with Probability Data Score: {{cp.lessonAssetIdToProgress[43288].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[43288].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Expected Values of Perfect Information in Business Score: {{cp.lessonAssetIdToProgress[43290].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[43290].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Using New Information & Revised Probability Values to Make Business Decisions Score: {{cp.lessonAssetIdToProgress[43291].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[43291].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Bayes' Theorem: Definition, Formula & Usage Score: {{cp.lessonAssetIdToProgress[43293].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[43293].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Using Utility in Business Decision Making Score: {{cp.lessonAssetIdToProgress[43295].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[43295].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(12, 13)}}
Course Progress Best Score
Lesson 1 - Managerial Communication Score: {{cp.lessonAssetIdToProgress[2123].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2123].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Organizational Communication Score: {{cp.lessonAssetIdToProgress[2126].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2126].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Communication as Information Transfer within Organizations Score: {{cp.lessonAssetIdToProgress[461319].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[461319].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - The Importance of Strong Communication Skills for Leaders Score: {{cp.lessonAssetIdToProgress[56329].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[56329].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Choosing Your Channel of Communication: Oral, Written, Visual & Electronic Score: {{cp.lessonAssetIdToProgress[21113].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[21113].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Organizing & Developing an Effective Presentation Score: {{cp.lessonAssetIdToProgress[38806].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[38806].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Importance of Building Commitment & Trust in Strategic Decision-Making Score: {{cp.lessonAssetIdToProgress[250567].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[250567].bestScoreQuestions}}  Take Quiz Optional

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