Go offline with the Player FM app!
Decision Making in a World of Unpredictable Events
Manage episode 382034823 series 3287058
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
77 episodes
Manage episode 382034823 series 3287058
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
77 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.