StrategyDriven contributors are proud to announce the release of our fifth model: Stakeholder Commitment Evaluation. This model provides decision-makers with a tool to assess and re-assess the relative importance and contribution of each decision stakeholder as circumstances evolve.
StrategyDriven contributors are pleased to announce the release of our fourth model, the Decision-Making Base Model. This model illustrates the concepts of uncertainty and risk associated with hurdle and window decisions. (Hurdle decisions seek outcomes above a defined threshold while window decisions seek outcomes between an upper and lower threshold.) Additionally, the model provides the foundation from which later posts and models will explore how various actions impact a decision’s uncertainty and therefore its risk and the probability of achieving desirable outcomes.
Effective decision-making provides the organization with a unified direction aimed at achieving a primary objective and possibly one or more secondary objectives. Regardless of the decision’s complexity or its immediacy, the probability of achieving a successful outcome is directly related to the organization’s ability to execute the decision in a deliberate and focused manner. It is for this reason that decisions and direction for their execution should come from one individual.
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About the Author
Nathan Ives is a StrategyDriven Principal and Host of the StrategyDriven Podcast. For over twenty years, he has served as trusted advisor to executives and managers at dozens of Fortune 500 and smaller companies in the areas of management effectiveness, organizational development, and process improvement. To read Nathan’s complete biography, click here.
Great Escapes: nine decision-making pitfalls and nine simple devices to beat them
FORTUNE Magazine, June 27, 2005
by Michael and Jerry Useem
About the Reference
Great Escapes: nine decision-making pitfalls and nine simple devices to beat them by Michael and Jerry Useem explores the logic flaws that often skew perceptions and undermine decision-making effectiveness. The article provides methods executives and managers can employ to avoid each logic trap thereby improving their decision-making.
Benefits of Using this Reference
Great Escapes provides actionable methodologies for dealing with the decision-making challenges StrategyDriven contributors find to be the most prevalent at organizations of all sizes. Many of the best practices found on the StrategyDriven website compliment the Great Escapes’ recommendations; making this article a StrategyDriven recommended read.
As a way of saying thank you to our registered members, StrategyDriven contributors are launching a series of new member’s only categories covering practices that permeate the strategic planning and tactical business execution processes. Our initial category, Decision-Making, will examine the four categories of decision-making (emergency, day-to-day, intermediate-term, and strategic), underlying concepts, and performance best practices and warning flags.
While access to Decision-Making will be limited to registered members, all other categories will remain open to all visitors. StrategyDriven contributors remain committed to updating the open access categories with the high-quality, weekly content on strategic planning and tactical business execution as we have done in the past.
Registration is FREE and registered members gain access to StrategyDriven whitepapers, models, and the Decision-Making category. If you have not already done so, we hope you’ll register today and join our conversation.