Strategic Decision Making (PowerPoint PPT Slide Deck)

DESCRIPTION

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.

Got a question about the product? Email us at flevypro@flevy.com. If you cannot view the preview above this document description, go here to view the large preview instead.

Source: Best Practices in Decision Making, Structured Thinking, Cognitive Bias PowerPoint Slides: Strategic Decision Making PowerPoint (PPT) Presentation Slide Deck, LearnPPT Consulting