Human judgment can be unreliable as these are all susceptible to errors. In organizations, a lot of strategic decisions are made. These strategic decisions share a common feature: they are evaluative judgments.
In making these tough calls, large amount of complex information must be weighed down and evaluated. While some management decisions are made without weighing quite so much information, yet strategic decisions involve the distillation of complexity into a single path forward.
However, with the unreliability in judgment, particularly in decision making, there is a need for a practical, broadly applicable approach to reducing errors. This approach called Mediating Assessments Protocol (MAP) is a structured approach to strategic decision making. MAP is a valuable tool for any leader who aims to raise the quality of an organization's decisions.
This presentation provides a clear understanding of MAP as a discipline process of reducing errors in judgment and the 6 core cognitive concepts affecting decision making.
1. Availability Bias
2. Confirmation Bias
3. Excessive Coherence
4. Mental Model
5. Noise
6. Representative Bias
Understanding MAP adds discipline to decision making and brings quality assurance to complex decisions.
This deck also includes slide templates for you to use in your own business presentations.
The PPT delves into the intricacies of strategic decision-making, emphasizing the importance of structured approaches to mitigate biases and errors. It highlights the six core cognitive concepts that influence decision-making and provides a comprehensive breakdown of the Mediating Assessments Protocol (MAP). This protocol is designed to enhance the quality of decisions by introducing a disciplined process that reduces judgment errors.
The presentation is a valuable resource for executives seeking to refine their decision-making processes. It includes practical slide templates that can be directly applied to business presentations. The structured approach of MAP ensures that decisions are grounded in evidence and free from undue influence, making it an essential tool for leaders aiming to improve organizational outcomes.
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Source: Best Practices in Decision Making, Structured Thinking, Cognitive Bias PowerPoint Slides: Strategic Decision Making PowerPoint (PPT) Presentation Slide Deck, LearnPPT Consulting
This PPT slide presents an overview of the Mediating Assessments Protocol (MAP) and its application in enhancing decision-making within organizations. It emphasizes the concept of organizations as "decision factories," where the quality of decisions can significantly influence future outcomes. The text suggests that while many decisions are made, they often lack a systematic approach to ensure quality. MAP is introduced as a method to improve decision-making processes, particularly in 2 distinct categories: structuring one-off decisions and structuring recurring decisions.
The first category, "Structuring One-off Decisions," highlights the importance of large, significant decisions typically made by teams of executives and directors. These decisions are often unique and carry substantial weight, necessitating a structured approach to ensure thorough consideration and analysis.
The second category, "Structuring Recurring Decisions," focuses on decisions that occur regularly as part of established processes. These decisions, while perhaps less monumental individually, collectively shape the strategic direction of the organization. The slide implies that formalizing these recurring decisions can lead to more consistent and effective strategic outcomes.
Overall, the slide conveys that MAP serves as a valuable tool for organizations seeking to enhance the quality of their decision-making practices. By applying MAP to both one-off and recurring decisions, organizations can improve their strategic processes and outcomes. This structured approach is essential for navigating the complexities of modern business environments.
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