Key Facts and Insights from "Strategic Decision Making - A Best Practice Blueprint"
- Strategic decision making is a key skill that distinguishes successful leaders.
- Decisions should be made based on a comprehensive analysis of all relevant information, rather than intuition or gut feelings.
- Effective decision-making processes involve embracing ambiguity and uncertainty.
- It's crucial to understand the biases and heuristics that can impact decision-making processes.
- Organizational culture and structure can greatly influence strategic decision making.
- Scenario planning is a powerful tool for making strategic decisions under conditions of uncertainty.
- Decision makers need to be aware of the potential for 'groupthink'...