Vision, decision and leadership

Vision is the most essential ingredient of leadership. This course illustrates how visions arise out of collective decision-making, naturally leading to socially accepted leadership.

Visions are based on business narratives that provide a coherent interpretation of the past pointing towards a direction for the future. This course understands the emergence of business narratives with the aid of established decision theories from economics, sociology, group psychoanalysis, management and cognitive science.

This course covers the following topics:

  1. Alternative theories of collective decision-making from economics, sociology, group psychoanalysis, management and cognitive science: Rational decision-making, group and social pressures, instinct-based decision-making, bounded rationality.
  2. The Garbage Can Model of organizational choice. A computer-based simulation showing unexpected organizational outcomes of individual behavior.
  3. Decision-making as coherence-seeking. Arranging available evidence into networks of causal relations in order to arrive at shared decisions.
  4. Visions and narratives. Constructing coherent interpretations of the past that provide orientation for the future. Positive and negative organizational narratives.
  5. Leadership based on a shared vision. Collective foundations of individual leadership. Leadership, organizational identity and pride.

Source: Vision, decision and leadership