Emerging Leaders: learn judgment and practise it on decisions without a neat answer.

Every week combines a chapter from the existing Business Judgement Course with a real company situation. Learn one tool, then put it under pressure.

35–50 min

Learn the method

Complete one chapter from the existing self-paced Business Judgement Course.

45 min

Use it in a real case

Read the evidence, choose a path and write a short memo across the five FRAME moves.

Private

Use private feedback

See your reasoning gaps and a practical push. Your employer cannot open it.

Two tracks, one programme

Learn the tools in the existing Business Judgement Course while applying them to real company decisions. Both tracks run in parallel at your own pace.

8 chapters + 8 cases

The five moves behind every memorandum

F

Frame the decision

Name the real decision, the objective, the boundary, and the time horizon.

R

Use the evidence

Use decision-relevant facts from the case and separate them from assumptions.

A

Compare alternatives

Test genuinely different options and name the trade-off, stakeholders, and opportunity cost.

M

Price uncertainty

Name what could break, what is reversible, and the evidence that would change your mind.

E

Commit and learn

Choose, answer the strongest opposition, and name the next move or learning loop.

Course track · learn the tools

Existing course chapters unlock in order. No new course content is created.

Self-paced
Start here15–20 min

Welcome to Latchkey

How the course works

Chapter 140–50 min

What decision is actually on the table

Decision quality · Clarity test

Chapter 235–45 min

Intent, and what the dashboard can’t see

Commander’s intent · Map is not the territory

Chapter 335–45 min

Borrowed conviction

Outside view · Survivorship bias

Chapter 440–50 min

Four stories, one number

Falsifiability · Competing hypotheses

Chapter 540–50 min

What the money says no to

Opportunity cost · Trade-offs

Chapter 635–45 min

Arguing the other side

Steel-man · Red team

Chapter 740–50 min

How this decision fails

Inversion · Second-order thinking

Case track · use the tools

Each case takes about 45 minutes: read, decide, write and get private feedback.

01

Baseline · Rolls-Royce

Choose a financing mix under severe uncertainty and name the evidence that would reverse your call.

A case study in promises priced in advance

45 min
02

Capital allocation · Constellation Software

Allocate capital when the acquisition discipline that created the company no longer scales cleanly.

A case study in the price of your own discipline

45 min
03

Positioning · Bloomberg

Defend a position by identifying the system customers are truly buying, not merely the product they see.

A case study in owning the desk the market sits at

45 min
04

Distribution · Nike

Test the second-order effects of taking distribution under direct control before approving the strategy.

A case study in distribution

45 min
05

Strategic refusal · Rolex

Decide when saying no creates durable value and when scarcity turns into strategic fragility.

A case study in the economics of saying no

45 min
06

Uncertainty · SoftBank

Set a commitment under radical uncertainty without hiding behind confidence or vague optionality.

Case study. How to lose $70 Billion in a single year, and gain $200 Billion from a 6-minute meeting

45 min
07

Commitment · Palantir

Choose which customers and constraints define the company you are willing to build for the long term.

A case study in strategic refusal. Lose money for Seventeen Years, but finally reach profitability and valuation — $327 billion.

45 min
08

Final · Klarna

Own the credit risk hidden behind a frictionless customer promise and commit to a measurable course.

A case study in owning the risk you make invisible

45 min

Want to see the material, not just the outline?

Open one public case and inspect the evidence, questions and decision board.

Preview a real case