Make decisions in difficult times

Make decisions in difficult times

1. Reasoning by analogy

   • Analogy for face problems
   • Analogy for cope with complexity
   • Coping with ambiguity
   • When making decisions

2. Imitation

   • To adapt strategies
     • Amazing results
     • The strategy is to develop a unique system
     • Differentiate yourself from the competition
   • Brings inconvenience
     • "behavior of flock"
     • Rivalry has intensified
     • Profitability has eroded

3. Rules of thumb

   • Simplify a difficult decision
     • They face the ambiguity and complexity
     • Adopting a heuristic rule
   • Tyco international
     • Use rules general
     • Analyze with depth
     • Shortcuts: Availability and Anchor

4. Reformulation

   • Psychologist Karl Weick has pointed out
     • Making decisions can win problems
       • Uncertainty
       • Complexity
       • To build momentum
       • Overwhelms people
     • Adopt a strategy "small gains"
       • To build momentum
       • achieve the goal
   • Bill Anders Genral of Dynamics
     • I frame the immediate problem
     • Reduce the huge amount of company debt
     • to address the problem undid several business
       • Overdue multiple assets

5. Deference to experts

   • Make decisions in difficult situations
   • Add experience of members
     • Credibility and respect
     • For taking decisions unstructured complex
     • They contribute credibility
       • Hypothesis
       • Pose
       • Draw inferences
       • Recognize certain patterns

6. Rigorous debate

   • Clarify and refine ideas
   • Separate facts from assumptions
   • Many debates with points deaths causes interpersonal conflicts
     • Personality clashes
     • Personal attacks
       • This makes it difficult
         • Construction of commitment
         • Decreases the likelihood of cooperate
     • for this reason it is due implement techniques to handle conflicts

7. Experimentation

   • It is the last technique that employ executives
     • Home Depot
       • Knew how to proceed
         • He gave feedback to client
         • evaluated various measures performance
   • They do a little test
   • They collect feedback
   • Adjust strategies

8. Process evaluation

   • There is no formula for making complex decisions
     • Capacity is needed
     • Use practices and techniques
     • Evaluate the quality of decision making
     • Coping with uncertainty and complexity
     • implement simple questions for your management team
       • What shortcut?
       • What alternative?
       • What analogy?
       • This improves the ability of your equipment