Decision Support Tools (PowerPoint PPTX)

DESCRIPTION

Strategic Decision Making is a complex process with a lot riding on those decisions. Eliminating risk from Decision Making is unthinkable but radically enhancing chances of success is a realistic goal.

Having access to a variety of Decision Support Tools increases the likelihood of making a successful decision provided the decision maker has knowledge of which tool to employ or a combination thereof in various scenarios.

This presentation discusses 5 core Decision Support Tools usually used in Strategic Decision Making process:

1. Conventional Capital Budgeting Tools
2. Quantitative Multiple Scenario Tools
3. Qualitative Scenario Analysis
4. Case-based Decision Analysis
5. Information Aggregation Tools

In making strategic decisions, the issue is not lack of Decision Making Tools. Rather, it

This presentation delves into the intricacies of selecting the right Decision Support Tools by addressing two fundamental questions: Do I know what it will take to succeed, and can I predict the range of possible outcomes? By answering these questions, decision-makers can better align their tools with the specific needs of their strategic decisions. This alignment is crucial for ensuring that the chosen tools provide the most relevant and actionable insights.

The PPT also emphasizes the importance of understanding the causal model's robustness and existence. It provides a detailed analysis of various scenarios, using McDonald's as a business case, to illustrate how different tools can be employed effectively. The scenarios range from situations where the causal model is well-understood and outcomes can be predicted with reasonable certainty, to more complex scenarios where outcomes are uncertain and require a combination of qualitative and case-based tools.

Additionally, the presentation includes slide templates that can be used in your own business presentations. These templates are designed to help you effectively communicate your decision-making process and the rationale behind the chosen tools. By leveraging these templates, you can ensure that your presentations are not only informative, but also visually engaging and easy to understand.

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Source: Best Practices in Decision Making PowerPoint Slides: Decision Support Tools PowerPoint (PPTX) Presentation, LearnPPT Consulting