))
Video Bites: Muddling Through: Strategic decision making for complex, high risk problems
Manage episode 371664871 series 3483462
Content provided by Paul Hunter and Stuart Orr, Paul Hunter, and Stuart Orr. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Paul Hunter and Stuart Orr, Paul Hunter, and Stuart Orr or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Driven by extreme uncertainty following the onset of Covid - 19, immediate change became an imperative for all CEOs. Their response was impressive, corporate leaders sprang into action. This begs the question though: If decision making is improved during a crisis, why isn’t it that good all the time? The answer lies in the circumstances of the problem being addressed. Influential factors are uncertainty, complexity, risk and reward. In this video we present a matrix that provides insight into alternative decision making methodologies, of which Muddling Through is one. The context of the discussion is organisational transformation and renewal.
Reference:
Lindblom, CE. 1959. The science of muddling through. Public Administration Review, 19(2): 79–88. https://doi.org/10.2307/973677
The video can be viewed on YouTube at: https://www.youtube.com/channel/UCwW1QK_4P31MtXyYGmJOyUg
This podcast is published by the Strategic Management Institute (www.smiknowledge.com), the research arm of Paul Hunter Strategy and Leadership (www.phsandl.com) management consultants. Another associated web site is PHSANDL's strategy simulation tool, the Chief Strategy Officer (CSOsandbox) www.csosandbox.com.
More video based podcasts (Video Bites) can be found on YouTube CSOsandbox: https://www.youtube.com/channel/UCwW1QK_4P31MtXyYGmJOyUg
14 episodes
Share
