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Add value with every decision using a simple yet powerful framework
Few things are as valuable in business, and in life, as the ability to make good decisions. Can you imagine how much more rewarding your life and your business would be if every decision you made were the best it could be? Decision Quality empowers you to make the best possible choice and get more of what you truly want from every decision.
Dr. Carl Spetzler is a leader in the field of decision science and has worked with organizations across industries to improve their decision-making capabilities. He and his co-authors, all experienced consultants and educators in this field, show you how to frame a problem or opportunity, create a set of attractive alternatives, identify relevant uncertain information, clarify the values that are important in the decision, apply tools of analysis, and develop buy-in among stakeholders. Their straightforward approach is elegantly simple, yet practical and powerful. It can be applied to all types of decisions.
Our business and our personal lives are marked by a stream of decisions. Some are small. Some are large. Some are life-altering or strategic. How well we make those decisions truly matters. This book gives you a framework and thinking tools that will help you to improve the odds of getting more of what you value from every choice. You will learn:
The six requirements for decision quality, and how to apply themThe difference between a good decision and a good outcomeWhy a decision can only be as good as the best of the available alternativesMethods for making both “significant” and strategic decisionsThe mental traps that undermine decision quality and how to avoid themHow to deal with uncertainty―a factor in every important choiceHow to judge the quality of a decision at the time you’re making itHow organizations have benefited from building quality into their decisions.
Many people are satisfied with ‘good enough’ when making important decisions. This book provides a method that will take you and your co-workers beyond ‘good enough’ to true Decision Quality.
From the Publisher
Q&A with the Authors of Decision Quality: Value Creation from Better Business Decisions
Carl Spetzler
Carl Spetzler is the cofounder, chairman, and CEO of Strategic Decisions Group (SDG), a leading strategy consulting firm renowned for its expertise in strategic decision-making for greater value creation.
Hannah Winter
Hannah Winter is a partner, strategy consultant, and educator with SDG, where she leads the firm’s 10-year education partnership with Stanford in strategic decision making.
Jennifer Meyer
Jennifer Meyer leads client engagements at SDG, resulting in hundreds of millions of dollars in added value through better strategic decisions.
What is the concept of decision quality?
Carl: Decision quality (DQ) is a framework that includes principles, processes, and tools to improve your chances of getting more from every choice. It is a reliable, repeatable way to get beyond ‘good enough’ to achieve excellence in many different types of decisions.
What does decision quality look like in practice?
Hannah: Decision making is a skill that anyone – no matter how experienced – can improve. This book will help individuals apply DQ tools and concepts to navigate complexity, overcome decision-making biases, and elevate the quality of every decision. As a result, organizations can dramatically improve their ‘big bet, high risk’ dilemmas. And communities and families benefit as well.
Jennifer: We will show you the six requirements for a quality decision. You’ll learn new ways to improve the frame for a problem or opportunity. We will also show you how to create a broader set of attractive alternatives, identify critical uncertainties, clarify the values that are important in the decision, apply the right analytical tools to measure differences, and develop buy-in among your stakeholders.
Who will find this book most useful and what will they learn?
Carl: This book is for everyone who has (or aspires to have) significant decision responsibility – business owners, executives, managers, and employees in every industry and in organizations of all sizes. It is written for anyone who wants to learn how to make better choices – not just at work, but in their communities and within their families – every time.
Jennifer: As you put DQ into practice, you will make better choices again and again – and with greater confidence. You’ll expand your understanding of the interlocking requirements for a good decision, and you’ll learn how to get there. As you practice DQ, you will become a clearer thinker, a more effective leader and contributor in your organization, and a better decision maker in all the arenas of your life.
How is your book different from others on decision making?
Hannah: Recent books by behavioral decision scientists highlight the traps that people naturally fall into when they make choices. Those books offer ideas on how to avoid specific problems. That’s definitely helpful, but it’s not enough. To get to quality, decision makers must know how to build and recognize a good decision. This book makes that practical.
Publisher : Wiley; 1st edition (March 7, 2016)
Language : English
Hardcover : 256 pages
ISBN-10 : 1119144671
ISBN-13 : 978-1119144670
Item Weight : 2.31 pounds
Dimensions : 6.3 x 1 x 9.1 inches
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