Building Blocks of Behavioral Strategy   29-slide PPT PowerPoint presentation slide deck (PPT)
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Building Blocks of Behavioral Strategy (PowerPoint PPT Slide Deck)

PowerPoint (PPT) 29 Slides FlevyPro Document

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This framework is developed by a team of former McKinsey and Big 4 consultants. The presentation follows the headline-body-bumper slide format used by global consulting firms.
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This product (Building Blocks of Behavioral Strategy) is a 29-slide PPT PowerPoint presentation slide deck (PPT), which you can download immediately upon purchase.

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.

Got a question about the product? Email us at flevypro@flevy.com.

Source: Best Practices in Decision Making, Cognitive Bias, Behavioral Economics, Organizational Behavior PowerPoint Slides: Building Blocks of Behavioral Strategy PowerPoint (PPT) Presentation Slide Deck, LearnPPT Consulting

PPT SLIDE DEEP DIVES

Key Elements of Effective Strategic Decision-Making

Key Elements of Effective Strategic Decision-Making

This PPT slide outlines the essential components that contribute to effective decision-making in strategic contexts, such as acquisitions or capital expenditures. It emphasizes 3 critical elements: gathering facts and analysis, perceptions and judgments of executives, and a defined process. Each of these elements plays a significant role in shaping the quality of decisions made by leadership.

The first element, "Gathering facts and analysis," highlights the importance of thorough data collection and analysis. This includes detailed financial modeling and sensitivity analysis, which are crucial for understanding market reactions. The slide indicates that this element accounts for 8% of the performance explained by the decision-making process.

The second element focuses on "Perceptions and judgments of executives." This aspect considers how company or industry variables influence executive decisions. Factors such as the number of investment opportunities and the predictability of consumer tastes are included here. This element contributes 39% to the overall performance of decision-making.

Lastly, the slide discusses "A process" that facilitates the exploitation of gathered analysis to reach decisions. It underscores the need for a structured approach that encourages diverse perspectives and open discussions. This element is shown to be the most significant, accounting for 53% of the performance explained.

Overall, the slide conveys that all 3 elements are interdependent and crucial for formalizing sound decisions. For potential customers, the insights provided can guide the development of a robust decision-making framework that integrates these elements effectively.

Understanding Cognitive Biases in Investment Decisions

Cognitive Biases: Understanding Decision-Making Influences

Addressing Stability Biases in Budgeting Strategies

Managing Social Biases through Depersonalization and Debate


$29.00
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This framework is developed by a team of former McKinsey and Big 4 consultants. The presentation follows the headline-body-bumper slide format used by global consulting firms.
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