Strategic Decision Making

Recent research shows that decision making processes have a significant impact upon the effectiveness of strategy, yet few understand how human behaviours can positively or indeed negatively affect the end result. The process around the decision is as crucial as the decision itself and that individual and group psychology can cause irrational decision making, resulting in less than ideal outcomes. Strategic Decision Making explores what you can do as a manager to positively intervene in the strategic decision making process. Written by two leading experts in scenario planning, it navigates through different perspectives on strategy and links the rational models with the characteristics of human behaviour. Combining practical tools and techniques for business with theoretical underpinning from the fields of sociology and psychology, it explores the use of strategic space as a means to better strategic conversations and takes an in-depth look at the politics of decision making and how stakeholder interests are reconciled, as well as providing practical advice on where the potential pitfalls are and how to avoid them. Strategic Decision Making will help you craft effective strategies to meet multiple goals, cope with unintended consequences and utilise a range of practical strategy tools including value networks, scenario planning and development, stakeholder mapping, and portfolio matrices. It delivers a well-rounded, practical and in depth view of the topic whilst capitalizing on the latest thinking in behavioural dynamics, encouraging the reader to make well-informed decisions even during turbulent times.