Unravelling Decision Traps: A Risk-Aware Approach to Corporate Strategy 🇬🇧
A Workshop by Diana Del Bel Belluz and Erik Schneider
About this Workshop
In this RAW presentation, we'll dissect the hidden pitfalls that lead to corporate strategy failures, focusing on decision-making weaknesses that impact 20-60% of unsuccessful strategies. From risk underestimation to overconfidence in predictive abilities, we'll expose the cognitive biases that create chaos in organizational decision processes.
Our talk introduces a novel decision model that synthesizes risk management principles with decision sciences.
The result? A robust framework to combat common decision traps. Participants will learn powerful, science-backed strategies and tools to enhance their organization's decision-making capabilities, and a new lexicon for identifying and discussing decision traps.
As we explore these traditional challenges, we'll also cast an eye to the future, examining how AI technologies are set to transform the landscape of organizational decision-making – offering unprecedented analytical power while potentially introducing new forms of bias and risk that savvy professionals must navigate.