Most checklists are designed to ensure that work is carried out, often in a predefined sequence, with specific steps. Executive-level checklists focus on the thought processes and behaviors that guide strategic decision-making. Let’s explore how and why they can best be leveraged to your organization’s advantage.
Important project decisions should not be dictated by the project manager alone. Instead, they should involve the project team with the PM serving as champion of the process. When teams “own” the decision, they feel responsible for resolving any unanticipated consequences of it. Here are five steps to help guide them.
How to Use the Consumer Decision Making Model. We all have to make choices. One of those most important decisions made in our life are based on the market – buying goods. The Consumer Decision Making Model can be applied with any economics…
A number of myths persist about people’s allegedly ever-shortening attention spans, but what does the science say? Neuroscience, behavioral economics, and consumer psychology all offer insights into how we manage and allocate attention.
This workshop will introduce and enhance your understanding of Emotional Intelligence (EQ) your ability to identify and manage your own emotions and those of others so that you and your team can make better decisions.
This article describes the Internal Rate of Return (IRR) rule and the pitfalls that companies usually come across when they try to use this rule as an exclusive basis for making decisions about their investments.
This article discusses the ways and means to actualize successful decision making in a confusing world. The key themes in this article are that business leaders must take inputs from a wide variety of sources, trust one’s judgment, cross check facts, and defer the decision-making without delaying it when confronted with a dilemma. The strategies to actualize decision-making are thus based on the latest research in behavioral science.
Today Managers are confronted with uncertainty and ambiguity. To overcome this, use of scenario based decision-making is recommended – where the managers draw up possible scenarios that the company might face in the short term, medium term, and longer term.
Business decision making is a critical process. While decision support systems are built to support managerial decision making, a lot goes into planning and designing of these systems. This article discusses the need and process for evaluating business decision making, which is required to build bespoke decision support system software to ensure ‘good’ decision making in an organization.
The business world is not what it used to be a few decades ago. With increasing complexity and rapidity of change, it is becoming extremely difficult for decision makers to plan for the longer term and respond to the immediate term events and trends. This article gives a 30,000-foot view of some of the dilemmas that decision makers face when they attempt to control the future and be certain about a business landscape that is overly uncertain.
The conflict of interest amongs team members leads to situations that are morally challenging to the manager who wants to be moral and righteous to his own conscience and serve the interests of the organization.
This article deals with decision making in an organizational context where the managers at all levels and the CEO and vice presidents at the top of the ladder have to make decisions regarding each and every aspect of the organization.
Curious observation is the first step in the decision making process. With these two things: curiosity and observation i.e. curious observation you can make your decision process easy and also effective.
Self-Directed teams exists in all organizations where the managers of these teams have greater freedom. Decision making in self-directed teams must be encouraged without ceding complete control over the larger areas of policy and strategy.
OODA Loop or the Observe-Orient-Decide-Act Loop is an important concept in decision making. The concept was proposed by the military strategist and member of the United States Air Force, Colonel John Boyd.
Decision-making is an integral part of modern management. Decision Making process can be regarded as check and balance system that keeps the organisation growing both in vertical and linear directions
Decision making process requires thinking process, time, efforts, resources and also a little bit of knowledge and past experiences. Lets discuss the steps involved in the decision making process.
Unethical Decision Making in Organizations from University of Lausanne. This course ‘Unethical decision making in organizations : A seminar on the dark side of the force’ will teach you how strong organizational contexts push good people towards …
Financial Accounting Toolkit for Decision Making from Vanderbilt University. This course gives you a firm grounding in both the theory and practical application of finance and accounting for general management, corporate planning, sales, and …
Data-driven Decision Making from PwC. Welcome to Data-driven Decision Making. In this course you’ll get an introduction to Data Analytics and its role in business decisions. You’ll learn why data is important and how it has evolved. You’ll be …
Exploring and Producing Data for Business Decision Making from University of Illinois at Urbana-Champaign. This course provides an analytical framework to help you evaluate key problems in a structured fashion and will equip you with tools to …
Business Analytics for Decision Making from University of Colorado Boulder. In this course you will learn how to create models for decision making. We will start with cluster analysis, a technique for data reduction that is very useful in market …
Accounting for Business Decision Making: Strategy Assessment and Control from University of Illinois at Urbana-Champaign. Accounting information is the lifeblood of the organization, as it facilitates and influences operational and strategic …
Accounting for Business Decision Making: Measurement and Operational Decisions from University of Illinois at Urbana-Champaign. Accounting information is the lifeblood of the organization as it facilitates and influences operational and strategic …
Accounting for Decision Making from University of Michigan. Through this course, you will start by addressing the two “big questions” of accounting: “What do I have?” and “How did I do over time?” You will see how the two key financial statements …
Meetings are most often the setting for engaging new ideas, confirming previous positions and making important decisions. But there are a number of common psychological traps that can sabotage the process and the decision-making of well-intentioned project leaders, including dissonance, rationalization and circular causation.
When managing a crisis, leaders must be willing to accept responsibility for their decisions and have the courage to follow through. But limited information, risk avoidance and self-preservation can lead to poor choices or inaction. Here are four decision-making traps to recognize and avoid.
This white paper presents a tried and true, expedited decision analysis methodology that was created and refined by a large government contractor and formally recognized by the government as a best practice. The value of this approach is in its simplicity, ability to be standardized, and applicability to the vast majority of issues that face decision-makers. Supporting rationale behind the methodology is provided, along with a presentation format.
Projects are really a series of decisions about priority, approach, the team, the timeline and more. In organizations where project managers and team members don’t make decisions, it’s no wonder projects languish and often fail. Three questions (and more importantly, their answers) can point you in the right direction, courtesy of an Olympic CFO.
Are you putting your PMO in the position to make the right decisions every time? While the PMO has many functions, one of the most important is to facilitate decision-making–either by senior project stakeholders or within their own teams as escalation points for project managers. In this article, we look at how to ensure that we are as effective as possible in that process.
We are all faced with decisions to make at various times in our lives. From small ones with few consequences to huge, life-changing ones, here are three things I have learned about making good decisions.
The decade leading up to retirement is a crucial one, as you adjust your investment holdings and start making critical decisions around Social Security and other retirement issues. We’ll help you with actionable insights on investing and retirement planning, and prepare you for your post-retirement life.
(From PR Newswire) — The Intelligence Advanced Research Projects Activity, through an Air Force Research Laboratory contract, has awarded Raytheon BBN Technologies a $10.5 million multi-year contract under the Sirius program. The goal of the Sirius program is to develop serious games that result in better decision-making by teaching participants to recognize and mitigate the effects of their own biases when analyzing information used to make decisions. The team — which includes game designers, cognitive psychologists, and experts in intelligence analysis and in measuring game-player engagement — will design a relevant and engaging game that is based on an international detective theme, blending best research and practices in bias-mitigation with best practices in game-based teaching.
From ATD TechKnowledge 2017: You’re excited about the promise of a xAPI-enabled world, but you still have a learning management system and a whole host of SCORM-based courses that you need. Now what?