Welcome to course: Decision Making for Leaders and Managers
Course provided by MTF Institute of Management, Technology and Finance
MTF is the global educational and research institute with HQ at Lisbon,
Portugal, focused on business & professional hybrid (on-campus and online)
education at areas: Business & Administration, Science & Technology, Banking &
Finance.
MTF R&D center focused on research activities at areas: Artificial Intelligence,
Machine Learning, Data Science, Big Data, WEB3, Blockchain, Cryptocurrency &
Digital Assets, Metaverses, Digital Transformation, Fintech, Electronic
Commerce, Internet of Things.
MTF is the official partner of: IBM, Intel, Microsoft, member of the Portuguese
Chamber of Commerce and Industry.
MTF is present in 208 countries and has been chosen by more than 450 000
students.
Course Author:
Dr. Pedro Nunes has built a multifaceted career combining academia and practical
business expertise. His educational journey culminated with a Doctorate in
Economic Analysis and Business Strategy with a cum laude mention from the
University of Santiago de Compostela. Professionally, he has navigated through
various sectors, including technology, international commerce, and consultancy,
with roles ranging from business analyst to director. Currently, Pedro serves as
a Professor in several DBA programs, applying his extensive industry experience
and academic insights to educate the next generation of professionals.
The Decision-Making Process is a systematic approach to identifying and
evaluating options, leading to informed choices. It's a structured framework
that helps individuals and organizations tackle complex problems and make
decisions that align with their goals and values.
Why is the Decision-Making Process Important for Business?
decisions, leading to better outcomes.
allocate resources more effectively.
risks associated with each option.
made promptly.
to justify them and learn from mistakes.
effectively when they have a structured process in place.
Importance for Leaders and Managers
direction of the organization.
systematically.
and buy-in.
confidence in leaders.
a neutral framework.
How Decision-Making Skills Support Career Building
various industries.
often promoted to leadership roles.
go-to resources for their teams.
job markets and career paths.
resilience.
Steps in the Decision-Making Process:
1. Identify the Problem: Clearly define the issue or decision that needs to be
addressed.
2. Gather Information: Collect relevant data and facts related to the problem.
3. Identify Alternatives: Generate a list of possible solutions or courses of
action.
4. Evaluate Alternatives: Assess the pros and cons of each option, considering
their potential impact.
5. Choose the Best Alternative: Select the option that best aligns with your
goals and values.
6. Implement the Decision: Put the chosen solution into action.
7. Review and Evaluate: Monitor the results of your decision and make
adjustments as needed.
By mastering the decision-making process, individuals and businesses can make
more confident, informed choices that lead to success and growth.

• Informed Choices: It reduces the risk of making impulsive or uninformed
• Resource Optimization: By carefully considering alternatives, businesses can
• Risk Management: It enables the identification and mitigation of potential
• Efficiency: A streamlined process saves time and ensures that decisions are
• Accountability: It provides a clear rationale for decisions, making it easier
• Adaptability: Businesses can respond to changing circumstances more
• Strategic Direction: Leaders can use the process to shape the overall
• Problem-Solving: Managers can address operational issues and challenges
• Team Engagement: Involving team members in the process fosters collaboration
• Leadership Development: Making sound decisions builds credibility and
• Conflict Resolution: The process can help resolve disagreements by providing
• Employability: Decision-making skills are highly valued by employers across
• Advancement: Individuals who demonstrate strong decision-making abilities are
• Problem-Solver Reputation: People known for making good decisions become
• Adaptability: Those with honed decision-making skills can navigate changing
• Confidence: Making sound decisions consistently builds self-assurance and