Decision Making and Analytical Models
Decision Making Models
The Vroom-Yetton-Jago Decision Model: Deciding How to Decide
The Kepner-Tregoe Matrix: Making Unbiased, Risk-Assessed Decisions
OODA Loops: Understanding the Decision Cycle
The Recognition-Primed Decision (RPD) Process: Making Good Decisions Under Pressure
Choosing Between Options
Grid Analysis: Making a Decision By Weighing Up Different Factors
Paired Comparison Analysis: Working Out Relative Importance
The Analytic Hierarchy Process (AHP): Choosing By Weighing Up Many Subjective Factors
Conjoint Analysis: Measuring Buyer Preferences
Pareto Analysis: Choosing the Most Important Changes to Make
Decision Tree Analysis: Choosing by Projecting "Expected Outcomes"
The Quantitative Strategic Planning Matrix (QSPM): Choosing the Best Strategic Way Forward
The Futures Wheel: Identifying Future Consequences
Deciding Whether to Go Ahead
Go/No Go Decisions: Deciding Whether to Go Ahead
Risk Analysis and Risk Management: Evaluating and Managing Risks
Plus, Minus and Interesting: Weighing the Pros and Cons of a Decision
Force Field Analysis: Analyzing the Pressures For and Against Change
"What If" Analysis: Making Decisions by Exploring Scenarios
Impact Analysis: Identifying the Full Consequences of Change
Business Experiments: Taking Intelligent Risks
Financial Decisions
Cost-Benefit Analysis: Deciding, Quantitatively, Whether to go Ahead
Break-Even Analysis: Determining When a Product Becomes Profitable
Net Present Value (NPV) and Internal Rate of Return (IRR): Deciding Whether to Invest
Cash Flow Forecasting: Forecasting the Impact of a Financial Decision
Improving Decision Making
Avoiding Psychological Bias in Decision Making: How to Make Objective Decisions
The Ladder of Inference: How to Avoid Jumping to Conclusions
Decision Making Under Uncertainty: Making the Best Choice with the Information Available
"Cautious" or "Courageous"?: Understand Your Risk Preference, and Make Better Decisions
Six Thinking Hats: Looking at a Decision From All Points of View
Critical Thinking: Developing the Skills for Successful Thinking
Blindspot Analysis: Avoiding Common "Fatal Flaws" in Decision Making
Reactive Decision Making: Making Good Decisions Under Pressure
Linear Programming: Optimizing Your Limited Resources
Monte Carlo Analysis: Bringing Uncertainty and Risk Into Forecasting
The Impact of Ethics and Values
The Foursquare Protocol: Learning to Manage Ethical Decisions
What Are Your Values?: Deciding What's Most Important In Life
Spiral Dynamics: Understanding How People's Values May Affect Their Decision Making
Group Decision Making
Organizing Team Decision Making: Reaching Consensus for Better Decisions
Multi-Voting: Choosing Fairly Between Many Options
The Stepladder Technique: Making Better Group Decisions
The Delphi Method: Achieving Consensus Among Experts
Avoiding Groupthink: Avoiding Sometimes-Fatal Flaws in Group Decision Making
Hartnett's CODM Model: Developing Solutions Collectively
How good is your decision making skills? Want to find out? Take this short quiz to assess your current
decision-making skills: http://www.mindtools.com/pages/article/newTED_79.htm
Want to validate your expertise and knowledge for making critical decisions? Take the Certified Analytics
Professional (CAP®) certification offered through Informs - the Institute for Operations Research and the
Management Sciences. Find out more by visiting https://www.informs.org/Certification-ContinuingEd/Analytics-Certification.
“Successful leaders have the courage to take action while others hesitate.” John C. Maxwell