A good decision process can greatly improve the quality of decision outcomes. By developing a common decision approach, an organization’s leaders can begin to build a culture of decision quality. When executives adopt a common decision making framework, they begin to use a shared decision process language and are better able to challenge decision processes in use. In the following video, Dr. Paul Schoemaker describes the steps in an effective decision process.
Strategic planning has the potential to help an organization anticipate and thrive in uncertain environments. However, this potential can only be realized if the planning is done in a way that counteracts the cognitive biases of participants. Such tendencies as overconfidence, over-reliance on trends, a desire for certainty, and groupthink can cause a strategic planning session to end with less than optimal results.
Any successful strategic planning process ought to prompt participants to see differently. If it does not do this, the strategic planning does little but reinforce current beliefs and is a waste of time.
Dr. Roch Parayre illustrates this point using the example of Encyclopedia Brittanica.
Strategic planning is only useful to the extent it drives behavior and helps an organization better prepare for the future. Dr. Paul Schoemaker discusses how companies put to use the results of scenario planning processes.
For more on scenario planning see:
1. Scenario planning in finance
2. Implementing scenario planning in your organization
3. Interesting output from 1997 scenario planning exercise
Scenario planning offers a disciplined way to generate valuable, creative new paths for your company. Dr. Paul Schoemaker describes the scenario planning process in the following video.
For more on scenario planning see:
In this video, Dr. Paul Schoemaker describes a strategic planning process that focuses on anticipating multiple futures rather than attempting to do the impossible and predict the future.
For more on scenario planning see:
1. Scenario planning in finance
2. Implementing scenario planning in your organization
3. Interesting output from 1997 scenario planning exercise
New Article: Framing the Future: Barriers to effective strategic planning by John Austin, Ph.D.
Experienced Consultants and Facilitators in:
Advantages of Working with Us
- Unique Expertise: Dr. Austin combines expertise in strategic planning with expertise in leadership development and team decision-making. This combination enables us to develop a workshop that simultaneously addresses strategic issues of your company and develops the capabilities of your leadership team.
- The Power of a Global Team: When you engage Dr. Austin, you also engage the services of a highly regarded international team. Decision Strategies International has worked with over 60 of the Fortune 500 companies and has a strong track record of adding value for its clients. Half the firm’s senior leaders hold a Ph.D. and many have served on the faculty of leading business schools. We have worked with clients in Asia, Europe, South America and North America. We will travel to your location if at all feasible.
- Customized for your Needs, Grounded in Solid Research: We do not work in fads. Our process has a proven track record and is based on well-established theory and empirical research.
Press Release: Decision Strategies International Names John Austin as Senior Consultant of Executive Development
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