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Tag Archives | decision making

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Corporate Compliance: Ending Unethical Behavior

Corporate non-compliance is a major issue across the world.  Highly public cases involving major corporations point to the fact that the usual descriptions of why business employees perform illegal acts are misdirected. No Compliance Program can completely eradicate unwanted conduct by a few employees.  Behaviorally aware programs, however, show potential of realizing the main goals […]

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Intelligent Enterprise

In order to contest and survive in this competitive business environment, organizations need to work towards developing a Differential Advantage that others cannot imitate. Organizations, generally, draw Differential Advantage from price reduction, proprietary intellectual property, key talent, or visionary leadership.  However, in this age of disruption and knowledge economy, a shared capability to reach evidence-based, […]

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Executive Decision Making Acumen

In every organization, there is a consistent need to make timely crucial decisions at all levels.  This is critical more so at the strategic level where senior leaders are anticipated to possess a strong ability to make systematic and integrated choices.  However, this isn’t simple and there isn’t a straight path to accomplish this either. […]

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Strategic Thinking Games

Organizational leadership can draw on 3 Strategic Thinking Games to master Business Strategy and apply in varied scenarios and organizational structures.  The Strategic Thinking Games provide Decision Making models for senior executives to choose from and use as per the situation. The Strategic Thinking Games are based on mathematics and statistics, particularly Probability Theory, and […]

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Flywheel Strategy

Strategy Development has followed a set path since the last century where a predetermined, rectilinear, and inflexible approach defined the process. In the 21st century, however, business leaders are devising Strategy by evolving it into a probabilistic, repeated, and multifaceted process.  An approach that can both endure and adapt to the growing pace of Change […]

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Sustainable Digital Transformation

Accelerated pace of technological disruption has forced organizations to change.  It has triggered leaders to think of the ways they must adopt to survive in these challenging times. Organizations are confronting this scenario by embracing digital technologies.  Traditionally, the focus of the organizations in these Transformation initiatives has remained on speed of change.  To get […]

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5 Decision Support Tools for Strategic Decision Making

Do people always follow a rational linear process to come to a decision?  Studies have suggested that a combination of Decision Making Models are used by people to reach quality decisions. Strategic Decision Making is a complex process with a lot riding on those decisions.  Eliminating risk from Decision Making is unthinkable but radically enhancing […]

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Value Chain Analysis

Value Grid Analysis

A traditional Value Chain involves a linear sequence of activities—from conversion of raw materials into components which are assembled into products.  The products are then distributed, marketed, sold, and serviced.  Management plans and execute strategies and operations based on this sequence. This set of activities worked well for organizations in the past.  However, this linear […]

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3 Decision Making Models of Human Decision Making Process

How do people make decisions?  Do they always follow a rational linear process to come to a conclusion?  Studies have suggested that the traditional Decision Making model—commonly known as the Rational Decision Making Model—does not explain the whole ambit of Decision Making. People, including managers of organizations, arrive at decisions using a variety of routes.  […]

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How Do We Understand Consumer Behavior and Undertake Behavioral Transformation? Know 3 Bs of Behavioral Change

Product managers, marketers, and designers are often confused as to what they should do to increase the chances of customers’ engagement and uptake of their offering.  Changing individuals’ behavior to enhance engagement, productivity, innovation, and happiness isn’t straightforward. It takes a lot of effort, time, and resources to execute initiatives aimed at transforming behaviors and […]

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What Are the 3 Obstacles to Overcome while Selecting Senior Executives?

Mediocre people occupying senior Leadership positions is one of the chief reasons for the fiasco and humiliation that organizations like Enron and WorldCom faced.  The practice of recruiting average people at the top is omnipresent and often goes unnoticed until the results begin to surface, which is typically too late for any intervention. Smart people […]

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Putting the Analytics Transformation into Our Digital Transformation

The huge benefits and insights derived from Big Data and Analytics is now accepted broadly across all industries. Analytics-driven decision making extends beyond corporate business decisions down to even tactical decisions in sports. As such, organizations are investing heavily in Analytics technologies and incorporating Analytics Transformation into their Digital Transformation efforts. Unfortunately, the experience and […]

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