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Ch 7: Evaluating Business Decisions

About This Chapter

This comprehensive corporate training chapter shows managers important concepts related to evaluating business decisions. You can show these engaging lessons to your managers to improve their decision-making skills at any time.

Evaluating Business Decisions - Chapter Summary

In this chapter, your company's managers will review a handful of lessons about evaluating business decisions. These short and expertly taught lessons cover essential concepts such as:

  • The factors involved in decision making
  • Decision errors and biases
  • Ethical decision making
  • The legal considerations of business decisions

Following each lesson is a short quiz that helps managers retain important concepts. If your managers have any questions about the material, they can easily reach out to our instructors online. The chapter is also accessible on any desktop, laptop or mobile device.

How It Helps

  • Builds awareness: Lesson are designed to establish an awareness of the effects and impacts of business decisions.
  • Points out common decision-making errors: Managers will be able to recognize errors and biases that are often involved in decision making.
  • Improves decision-making skills : The chapter can help your front-line managers become better and more effective decision makers.

Skills Covered

By the end of the chapter, your company's front-line managers should be able to:

  • Identify factors that are involved in the managerial decision-making process
  • Recognize common decision, leadership and judgment errors in decision making
  • Assess common decision-making biases
  • Explain how stakeholders can be impacted by business decisions
  • Discuss the importance of ethical decision making
  • Evaluate legal considerations regarding the making of business decisions

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