Ch 3: Tools for Making Decisions in Business

About This Chapter

Assign this corporate training chapter to help your employees learn about the functions of useful decision-making tools for business. Inside the chapter, they'll find engaging lessons and practice assessments that can be accessed whenever it's convenient.

Tools for Making Decisions in Business - Chapter Summary

In this decision-making training chapter, your employees will take a look at useful and effective tools that can be used to make business decisions. Share these short lessons with your employees to help them understand important decision-making concepts, such as:

  • Decision analysis approach
  • Decision evaluation checklists
  • Creative decision making
  • Logic and reasoning for business decisions

Following each lesson is a short quiz that helps your employees check their understanding of the material. The chapter can be accessed on any computer or mobile device, and the Ask the Expert feature helps your employees submit any questions they may have.

How It Helps

  • Builds awareness: The chapter is designed to educate employees on methods and tools for decision analysis
  • Improves decision-making skills: Employees will be able to utilize creativity, logic and reasoning when making decisions at work
  • Offers helpful decision-making strategies: The chapter includes a lesson on how to use an evaluation checklist to make decisions

Skills Covered

By the end of the chapter, your employees will be able to:

  • Define the decision analysis approach for business decision making
  • Use an evaluation checklist for business decisions
  • Describe the functions of several decision analysis tools/models
  • Explain the importance of creativity in decision making
  • Make business decisions by using logic and reasoning

5 Lessons in Chapter 3: Tools for Making Decisions in Business
Test your knowledge with a 30-question chapter practice test
The Decision Analysis Approach to Decision Making in Business

1. The Decision Analysis Approach to Decision Making in Business

How do you know what the best decision for your business is? What are the costs and benefits associated with each option? In this lesson, we'll examine decision analysis, including what it is and how to use value and uncertainty in your analysis.

Practical Application: Business Decision Evaluation Checklist

2. Practical Application: Business Decision Evaluation Checklist

This checklist will help you evaluate the effectiveness of your business decisions. You'll be able to easily go through the checklist and look for implications of your decisions in your finances, interpersonal relationships, and in the long-term success of your business.

Decision Analysis: Models & Tools

3. Decision Analysis: Models & Tools

Each day we make important decisions, personally and professionally. Often we use decision-making tools without even realizing it. In this lesson, we'll discuss some important models and tools that we can use to improve our decision-making process.

Creativity in Decision Making: Importance & Examples

4. Creativity in Decision Making: Importance & Examples

Creativity can take many forms, including the way that decisions are made for business success. Understanding the process of making creative decisions - and implementing some steps to improve your creativity - can help you make better decisions.

Using Logic & Reasoning to Make Business Decisions

5. Using Logic & Reasoning to Make Business Decisions

Making business decisions can be scary. Even simple business decisions can have million dollar consequences. In this lesson, we discuss the use of logic as a tool we can use to make sound business decisions.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

Earning College Credit

Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.

To learn more, visit our Earning Credit Page

Transferring credit to the school of your choice

Not sure what college you want to attend yet? has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.

Other Chapters

Other chapters within the Decision Making in the Workplace course