Decision-making for business people needs to leverage simple techniques. Indeed, in most cases, the problem is unknown in the real world, the situation highly opaque and highly uncertain. Therefore, simple frameworks and techniques that require little data can be much more helpful than complex models.
Contents
Speed-Reversibility Matrix

Lightning Decision Jam

Less-Is-Better Effect

Kelly Criterion

Ladder of Inference

Pareto Principle Analysis

Force-Field Analysis

Bounded Rationality

Cost-Benefit Analysis

Go/No-Go Decision Making

Scenario Planning

Cynefin Framework

Decision Matrix

Read Next: Mental Models, Biases, Bounded Rationality, Mandela Effect, Dunning-Kruger Effect, Lindy Effect, Crowding Out Effect, Bandwagon Effect, Decision-Making Matrix.
Related Strategy Concepts: Go-To-Market Strategy, Marketing Strategy, Business Models, Tech Business Models, Jobs-To-Be Done, Design Thinking, Lean Startup Canvas, Value Chain, Value Proposition Canvas, Balanced Scorecard, Business Model Canvas, SWOT Analysis, Growth Hacking, Bundling, Unbundling, Bootstrapping, Venture Capital, Porterโs Five Forces, Porterโs Generic Strategies, Porterโs Five Forces, PESTEL Analysis, SWOT, Porterโs Diamond Model, Ansoff, Technology Adoption Curve, TOWS, SOAR, Balanced Scorecard, OKR, Agile Methodology, Value Proposition, VTDF Framework, BCG Matrix, GE McKinsey Matrix, Kotterโs 8-Step Change Model.
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