Corporate Resilience and Decision Making

by John Taylor

At times of immense pressure, like now, businesses make decisions that affect their whole future. This course looks at how to optimise our decision making to cope now, and with any future shock that could be thrown at us.

price £75+vat
cpd hours 4 CPD hours
access 120 days' access

This course will enable you to

  • Make good decisions even when under pressure
  • Understand and use appropriate decision making methods to solve problems and make good choices
  • Understand how biases, preconditions and assumptions can impact decision making
  • Avoid common pitfalls and mistakes in the decision making process
  • Establish the optimal decision making systems and structures to ensure you can respond rapidly and robustly to any future shocks.

About the course

At times of immense pressure, businesses can make decisions that affect their whole future, and sometimes those decisions can be bad ones. The coronavirus pandemic wiped out whole businesses before they even had a chance to react. It's critical that we think about the way that we make decisions, so that we can develop a plan for the future, and so that we can respond robustly and rapidly to any future shocks.

This course looks at the way that we make decisions, how sometimes we make bad decisions, some common mistakes and traps we can fall into, and how we can develop a methodology to optimise our decision making to cope with any future shock the world may throw at us.

Look inside

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Contents

  • The decision making process
    • Cause and effect
    • Decision making and problem solving
    • Naturalistic decision making
    • Rational models of decision making
    • Adaptive decision making
    • Analysis paralysis
    • Trust the process
    • Making decisions in risky or uncertain conditions
    • Risk analysis
    • Decision trees
  • How to make bad decisions
    • Bad decisions
    • Avoiding regret
    • Preconditions affecting the decision making process
    • Overconfidence and the illusion of control
    • Leaping to conclusions
    • The normalisation of deviance
    • Recognising bias
    • Biased thinking
  • Avoiding the traps
    • Your role
    • Don't fall into the traps
    • Behavioural issues
    • You've been framed
    • Framing
    • Loss aversion
    • Peer pressure
  • Optimising decision making
    • Knowledge is power
    • Making good decisions
    • Emotional intelligence
    • Knowns and unknowns
    • Preventing near misses
    • Checking the process
    • Assessing the process
    • Overconfidence and the illusion of control
    • Overcoming framing bias

How it works

Author

John Taylor

John is a Chartered Accountant who has spent many years advising small and medium-sized businesses across the North of England. John is the author of two industry standard textbooks: Millichamp - Auditing and Forensic Accounting. He has also written several auditing textbooks for AAT courses.

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Access to this course
Total CPD unitshourshours4 unitshourshours21 units20 hours21 hours800+ unitshourshours800+ unitshourshours
Access period120 days120 days12 months12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your teamís needs
Learn moreLearn moreLearn more
Recommended

Why not upgrade?

Find the best way to complete your CPD

Licence

All you need for this year and more.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Course

Need just a few unitshourshours?

Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Why not upgrade?

Find the best way to complete your CPD

Pick n Mix

All you need for this year's CPD.

Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Licence

Recommended

All you need for this year and more.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Course

Need just a few unitshourshours?

Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Pick n Mix

All you need for this year's CPD.

Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

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