Blog

October 8, 2021
Decision Support Solution Methodology

Effectively Using Decision Support Solutions (Part III of III): Decision Support Solutions

Decision support solutions can be a big help to bring together people with different loci of control, different professional judgments and for the purpose of driving optimal and efficient decisions.
October 1, 2021
Train Thought Experiment

Effectively Using Decision Support Solutions (Part II of III): The Train Thought Experiment

Decision support solutions can be a big help to bring together people with different loci of control, different professional judgments and for the purpose of driving optimal and efficient decisions.
September 24, 2021
Cover

Effectively Using Decision Support Solutions (Part I of III): Psychological Foundation

Decision support solutions can be a big help to bring together people with different loci of control, different professional judgments and for the purpose of driving optimal and efficient decisions.
April 8, 2021
How Many Choices Should You Have

How Many Choices Do You Need to Make a Great Decision?

The benefits of high quality and high velocity decision-making will accrue to those who harness the power of big data by integrating prescriptive analytics with the knowledge and wisdom of decision-makers.
July 2, 2018

Prescriptive Analytics: Where Big Data Meets Big Judgment

The benefits of high quality and high velocity decision-making will accrue to those who harness the power of big data by integrating prescriptive analytics with the knowledge and wisdom of decision-makers.
May 13, 2018

Mergers & Acquisitions: Moving from Haphazard to Fact-Based Decision-Making

Statista reported that in 2017, the value of global M&A deals amounted to 4.74 trillion U.S. dollars. Yet study after study puts the failure rate of mergers and acquisitions somewhere between 70% and 90%.
April 10, 2018
decision making process, optimization, prioritization

How Optimization Moves Group Decisions Beyond Good and Better

In prior blogs, I have shared proven techniques and methodologies for improving group decision-making and have discussed opportunities to use those techniques and methodologies to solve complex problems such as formulating a budget, selecting investments, managing strategic alliances, and even reforming the U.S. immigration system. In all these examples, there exists a need to evaluate and prioritize a set of alternatives, which when done well, can represent a quantum leap […]
March 22, 2018
Group decision making, decision making tools, building consensus

Why Decision-Making Should Always Be a Team Sport

I recently spoke to an executive who was concerned about the prospects of gaining organizational buy-in on a new process improvement initiative. Historically, decisions in her company have been made in an ad hoc manner and have been routinely impulsive; her company views decision-making as a social process that promotes innovation and entrepreneurship rather than a systematic process for building cross-functional buy-in. Instead of establishing a collaborative process and environment, […]
February 28, 2018

7 Ways to Make High Velocity Decisions

BREAKING NEWS, followed by retractions and clarifications is occurring more frequently as the news cycle gets faster and the competition to be first gets greater. Studies have shown that speed and accuracy often have an inversely proportional relationship. This speed-accuracy trade-off presents itself in many aspects of our daily lives, from the news networks reporting election results and world events, officials and umpires reviewing instant replays, to parking a car […]
February 21, 2018

Immigration Reform: Building Consensus for a Common-Sense Solution (Part II)

In my last blog Immigration Reform: Prioritizing the Four Pillars for a Common-Sense Solution, I recommended that Congress consider using a proven group decision-making process (e.g., the Analytic Hierarchy Process) to determine the relative importance of the four pillars (below) that have been put forth by the Trump Administration. When a decision is decomposed into criteria and sub-criteria, and the relative importance of them is accurately determined, a decision model […]