decision making

  • Globe on Businessman Hand

    Considering International Expansion? Get Ready To Think Outside Your Comfort Zone

    May 16, 2017 | By: | In: Innovation Psychology, Strategies

    Globalization is great for business: it opens up new markets and allows businesses to bring in revenue and talent from all over the world. However, the first steps into international expansion can be fraught with growing pains, forcing companies to waste time and money on efforts that don’t gain any traction in foreign markets. To avoid this, company leaders have to get ready to embrace change and innovation outside their normal comfort zone. Here’s why it’s important to get comfortable with discomfort when you’re considering international expansion.

  • how-does-your-business-benefit-from-big-data

    How Does your Business Stand to Benefit from Big Data?

    March 22, 2017 | By: | In: Strategies

    Big data is becoming increasingly vital to business scaling and competition. In this article, we’ll introduce you to the three V’s of big data – volume, velocity, and variety – and discuss the many ways your company can benefit from incorporating big data into decision making, product development, audience analysis, and much more.

  • disruption-planning-creating-options-and-pathways

    Disruption Planning 2- Creating Options and Pathways

    December 6, 2016 | By: | In: In-depth Articles, Strategies

    In this in-depth article Haydn Shaughnessy discusses why traditional ROI decision making is becoming irrelevant and how options planning is a key element of competitiveness. In these uncertain times firms need to recognise and analyse their options thoroughly in order to be ready for inevitable change.

  • be-agile-tom-conrad-pandora

    Strive to Remain Agile

    September 21, 2016 | By: | In: Videos

    Despite the company’s growing size, Pandora CTO Tom Conrad states that his company resists the urge to make any long-term plans. In fact, they never plan an operating schedule more than three months in advance. Though this practice makes some operations more difficult, the flexibility allows the upstart enterprise to remain nimble and responsive; traits, Conrad states, every start-up should try to maintain as long as possible for maximum market advantage.

  • book-review-effective-decision-making

    Practical Guide for Decision-Makers and Problem-Solvers

    August 11, 2016 | By: | In: Book Reviews

    Corporate managers and entrepreneurs alike are accustomed to making tough decisions and seeking out the best possible solutions to everyday problems. It comes with the territory, but it’s not inherently easy. In order to reach a leadership position or own a company you probably have a knack for decision-making, but when the future of a business depends on the outcome, it’s important to reduce cognitive biases and calculate carefully.

  • how-facebook-makes-decisions

    How Facebook Makes Decisions

    April 27, 2016 | By: | In: Videos

    At Facebook, rather than asking permission, teams are encouraged to build and try things and then course correct if necessary, says Jocelyn Goldfein, director of engineering at Facebook. In response to a question from STVP Executive Director Tina Seelig, Goldfein also explains how Facebook CEO Mark Zuckerberg manages to stay tapped into product development across the organization.

  • Confused Businessman

    Make Better Decisions at Work and in Personal Life

    November 10, 2015 | By: | In: Innovation Psychology

    Ever wondered why Mark Zuckerberg wears the same grey shirt every day?‎ The answer can be found below. But here’s a little spoiler: his job is to make decisions. If you’re a manager, freelancer or anyone making important decisions on a daily basis – this article will help you make better decisions, with a few simple psychological tools.

  • intuition-deliberation-for-better-decision-Making

    Intuition and Deliberation for Better Decision-Making

    July 30, 2015 | By: | In: Creative Leadership, Enabling Factors

    We live in an age of change and uncertainty. For businesses, this means that only the most versatile survive —innovate or die. Simply adapting to the digital age is not enough: company survival requires explorative business strategies, to find new opportunities to improve and renew products and services. To attain explorative success you need a combination of both deliberate thinking and intuitive thinking. This article explores how you can balance the two.

  • Growth-And-Vision

    Paving the Path for Innovation Purpose and Closing the Alignment Gap

    October 6, 2014 | By: | In: Organization & Culture

    Defining the organizational purpose and promoting organizational alignment are two key factors for creating a culture that supports innovation. In this series of articles focused on Innovation Culture, we are going to share insights and cases of organizations that implemented innovation programs (and less structured initiatives) with the involvement of a wide range of managers and employees.

  • Businessman presenting a successful

    Forecasting Success in Innovation Teams

    May 28, 2014 | By: | In: Life Cycle Processes

    A 2012 study by the Harvard Business Review surfaced several interesting findings about the practice of innovation for the enterprise, including the innovation ambition matrix, which details how “firms that excel at total innovation management simultaneously invest at three levels of ambition, carefully managing the balance among them.”

  • Ruler

    Innovation Golden Rules

    May 2, 2014 | By: | In: Life Cycle Processes

    In a February 2014 presentation, Herman Wories of the DSM Innovation Center made a compelling statement about the role of innovation in any organization: “Innovation is no longer a competitive advantage: it’s a competitive necessity. In order to keep up, you need to continuously innovate.”

  • Business strategy planning

    7 Key Decisions Behind Innovation Success. A Roadmap to Master Innovation

    April 23, 2014 | By: | In: Strategies

    As innovation practitioners, few of us would refute that decision-making is one of the biggest progress-halting problems in corporations pursuing innovation as a continuous process. This article introduces a hands-on tool to help innovators, management members and corporate boards to follow a visual, utterly practical method to “consider” (as opposed to evaluate) new projects and their possible implications in their companies’ future. The tool in turn, fosters lean communication and inclusive understanding among diverse participants, claiming that, by following its structure, innovation is not only possible, but repeatable.

  • The Importance of Stupid, Irrational Decisions

    The Importance of Stupid, Irrational Decisions

    September 6, 2013 | By: | In: Innovation Psychology, Organization & Culture

    Summer is for relaxing, but also for reading books in more depth. During his vacation Bengt Järrehult read Daniel Kahneman’s book Thinking Fast and Slow for the second time and more thoroughly. Here are Bengt’s thoughts on how Prospect Theory applies to innovation related decisions – the decisions that may seem stupid and irrational – but are they really?

  • How Status Quo Bias Can Kill Innovation

    How Status Quo Bias Can Kill Innovation

    March 26, 2013 | By: | In: Organization & Culture

    Status quo bias is a proven cognitive bias that exists in all normal people. Innovation, especially breakthrough innovation, requires veering from the status quo. As a result, the average managers is all too likely not to approve a highly innovative idea, not because of any intrinsic flaw in the idea, but because the idea would require change. You need to work around this bias if you truly want your company to innovate.

  • How a Decision Room Can Enable Change and Innovation

    How a Decision Room Can Enable Change and Innovation

    March 15, 2013 | By: | In: Enabling Factors

    One of the challenges leaders face in times of uncertainty and rapid change is helping senior managers to engage in bigger-picture thinking. To enable this process, a growing number of companies are creating “decision rooms” – dedicated areas that help them visualize challenges and opportunities from a number of perspectives and make better decisions.

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