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DOCUMENT DESCRIPTION

Executives are aware of some of the tools and techniques that enable decision making from their past experiences. However, improving the quality of decisions warrants much more than learning a few techniques.

Research reveals that executives tend to overlook human biases while making decisions. These biases cause the people to move away from rational decision making. In order to better manage these tendencies, executives need to identify the biases prevalent in their organizations and embrace practices to minimize their bearing on strategic decisions.

This presentation begins with a discussion of the building blocks of Behavioral Strategy. Then, this slide deck presents a 4-step approach to adopting Behavioral Strategy in Decision Making:

1. Determine the Decision That Warrants the Effort
2. Identify the Biases Most Likely to Impact Important Decisions
3. Select Practices and Tools to Counter the Most Relevant Biases
4. Embed and Operationalize Practices in Formal Processes

This approach leverages better decisions and engaged managers.

The slide deck also includes some slide templates for you to use in your own business presentations.

Got a question about the product? Email us at [email protected]. If you cannot view the preview above this document description, go here to view the large preview instead.

Source: Behavioral Strategy Primer PowerPoint document

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Behavioral Strategy Primer

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This business document is categorized under:
Business Framework Primers

File Type: PowerPoint (ppt)

Tag(s): Decision Making, Behavioral Economics, Cognitive Bias

Number of Slides: 22

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Upload date (first version): Sep 19, 2018

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