Building Blocks of Behavioral Strategy – PowerPoint PPT Template

DECISION MAKING PPT TEMPLATE DESCRIPTION

Editor Summary Building Blocks of Behavioral Strategy is a 29-slide PowerPoint deck presenting a framework to recognize and counter cognitive biases in strategic decision-making. Read more The deck documents nine common biases and 5 building blocks of behavioral strategy, and includes 5 practical tools: a cognitive bias identification template, action plan template, decision-making evaluation framework, training slides, and a mitigation checklist. Developed by experts with McKinsey and Big 4 backgrounds, it targets corporate executives, strategy leaders, consultants, and HR professionals and is sold as a digital download on Flevy.

Use this deck when strategic decisions are at risk from unconscious bias—during strategic planning, leadership development, post-mortem reviews, or workshops on behavioral economics.

  Corporate executives running strategic planning sessions to identify and mitigate biases in capital allocation decisions.
  Strategy leaders designing process changes to improve decision governance and approval workflows.
  Consultants diagnosing client decision processes and recommending de-biasing interventions.
  HR professionals delivering leadership training that practices depersonalized debate and explicit-interest disclosure.

The deck’s emphasis on process improvements and quantifying decision benefits aligns with McKinsey-style process-driven decision effectiveness.

Read Presentation Deep Dive

Explore Slides inside the Deck:

Cognitive Biases: Understanding Decision-Making Influences Key Elements of Effective Strategic Decision-Making Understanding Cognitive Biases in Investment Decisions

Behavioral Economics has exposed that not many strategists making crucial decisions consciously consider cognitive biases. These biases are systematic human tendencies to deviate from rational calculations. In strategic decision making, leaders need to recognize their own biases, as these biases influence important strategic decisions made by the smartest managers in the best companies.

This slide deck begins with a discussion on the 9 most common Cognitive Biases in humans:

1. Conservatism Bias
2. Base Rate Neglect
3. Confirmation Bias
4. Sample Size Neglect
5. Hindsight Bias
6. Anchoring and Adjustment
7. Mental Accounting
8. Availability Bias
9. Framing Bias

These subconscious biases impair strategic decision making. Leaders need to manage them to improve corporate performance.

The presentation then discusses the results of a decision making study quantifying the financial benefits of processes that "de-bias" strategic decisions and make a case for applying behavioral strategy. Next, there is a deliberation on the 3 key factors affecting decision making effectiveness.

Finally, the deck talks about the 5 Building Blocks of Behavioral Strategy that are extremely useful in offsetting human biases and enabling unbiased decision making:

1. Counter Pattern Recognition Biases by Reframing the Perspective
2. Counter Action-oriented Biases by Recognizing Uncertainty
3. Counter Stability Biases by Changing Things Up
4. Counter Interest Biases by Making Them Explicit
5. Counter Social Biases by Depersonalizing Discussions

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

This comprehensive slide deck delves into the intricacies of cognitive biases and their impact on decision-making. It highlights the importance of recognizing and mitigating biases to enhance strategic outcomes. The presentation includes detailed analyses of various biases and offers practical frameworks for leaders to implement behavioral strategies effectively. It also provides actionable insights and templates to facilitate the application of these strategies in real-world scenarios. This resource is essential for executives aiming to refine their decision-making processes and drive better business performance.

Explore Slides inside the Deck: