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Decision Making in a World of Unpredictable Events

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Manage episode 382034823 series 3287058
Content provided by IFM Strategic Systems. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by IFM Strategic Systems 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.

In a world where cognitive biases and randomness can influence our business decisions, adopting sound analytical approaches such as scenario analysis and simulations is essential to make informed decisions and capitalize on unforeseen opportunities. In addition, flexibility in strategic planning, diversification and consideration of real options are key tactics for dealing with uncertainty. Organizational resilience and antifragility are imperative, and data- and algorithm-driven decisions offer valuable insights. Ultimately, the choice is in your hands: will you adapt to randomness or control it? #DecisionMaking #BusinessResilience #DataAnalytics

  continue reading

77 episodes

Artwork
iconShare
 
Manage episode 382034823 series 3287058
Content provided by IFM Strategic Systems. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by IFM Strategic Systems 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.

In a world where cognitive biases and randomness can influence our business decisions, adopting sound analytical approaches such as scenario analysis and simulations is essential to make informed decisions and capitalize on unforeseen opportunities. In addition, flexibility in strategic planning, diversification and consideration of real options are key tactics for dealing with uncertainty. Organizational resilience and antifragility are imperative, and data- and algorithm-driven decisions offer valuable insights. Ultimately, the choice is in your hands: will you adapt to randomness or control it? #DecisionMaking #BusinessResilience #DataAnalytics

  continue reading

77 episodes

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