McNamara Fallacy
The error of making decisions based solely on quantitative observations and ignoring all other factors.
148 topics found for
“strategic decisions”
OODA Loop
Observe, Orient, Decide, and Act (OODA) is a decision-making framework often used in strategic planning and rapid response situations.
Business Acumen
The ability to understand and deal with various business situations, making sound decisions to ensure successful outcomes.
Prescriptive Analytics
The use of data, algorithms, and machine learning to recommend actions that can achieve desired outcomes.
Behavioral Strategy
The use of behavioral science insights to inform and guide strategic decision-making in organizations.
Behavioral Game Theory
The study of strategic decision making, incorporating psychological insights into traditional game theory models.
SWOT Analysis
Strengths, Weaknesses, Opportunities, and Threats (SWOT) is a strategic planning tool that is applied to a business or project.
Scenario Mapping
A method used to create detailed narratives of potential future events to explore and understand possible outcomes and inform decision-making.
Top-Down Product Strategy
A strategic approach where decisions and direction are set by top-level management and flow down through the organization, often aligned with overarching business goals.