Blog

July 2, 2018

Prescriptive Analytics: Where Big Data Meets Big Judgment

The benefits of high quality and high velocity decision-making will accrue to those who harness the power of big data by integrating prescriptive analytics with the knowledge and wisdom of decision-makers.
May 13, 2018

Mergers & Acquisitions: Moving from Haphazard to Fact-based Decision-Making

Statista reported that in 2017, the value of global M&A deals amounted to 4.74 trillion U.S. dollars. Yet study after study puts the failure rate of mergers and acquisitions somewhere between 70% and 90%.
April 10, 2018
decision making process, optimization, prioritization

How Optimization Moves Group Decisions Beyond Good and Better

In prior blogs, I have shared proven techniques and methodologies for improving group decision-making and have discussed opportunities to use those techniques and methodologies to solve complex problems such as formulating a budget, selecting investments, managing strategic alliances, and even reforming the U.S. immigration system. In all these examples, there exists a need to evaluate and prioritize a set of alternatives, which when done well, can represent a quantum leap […]
March 22, 2018
Group decision making, decision making tools, building consensus

Why Decision-Making Should Always Be a Team Sport

I recently spoke to an executive who was concerned about the prospects of gaining organizational buy-in on a new process improvement initiative. Historically, decisions in her company have been made in an ad hoc manner and have been routinely impulsive; her company views decision-making as a social process that promotes innovation and entrepreneurship rather than a systematic process for building cross-functional buy-in. Instead of establishing a collaborative process and environment, […]
February 28, 2018

7 Ways to Make High Velocity Decisions

BREAKING NEWS, followed by retractions and clarifications is occurring more frequently as the news cycle gets faster and the competition to be first gets greater. Studies have shown that speed and accuracy often have an inversely proportional relationship. This speed-accuracy tradeoff presents itself in many aspects of our daily lives, from the news networks reporting election results and world events, officials and umpires reviewing instant replays, to parking a car […]
February 21, 2018

Immigration Reform: Building Consensus for a Common-Sense Solution (Part II)

In my last blog Immigration Reform: Prioritizing the Four Pillars for a Common-Sense Solution, I recommended that Congress consider using a proven group decision-making process (e.g., the Analytic Hierarchy Process) to determine the relative importance of the four pillars (below) that have been put forth by the Trump Administration. When a decision is decomposed into criteria and sub-criteria, and the relative importance of them is accurately determined, a decision model […]
February 16, 2018

Immigration Reform: Prioritizing the Four Pillars for a Common-Sense Solution (Part I)

The national immigration reform debate rages on, while congressmen and women make a disorganized attempt to find a legislative proposal that will garner the necessary 60 votes in the Senate and a majority in the House of Representatives. Their haphazard approach is akin to a blind squirrel finding a nut in the backyard. It may happen occasionally, but it is neither efficient nor effective. Congress should consider using a proven […]
January 23, 2018
decision making tools, consensus building

Strategic Alliances: Fact-Based Decisions Help Build Consensus and Lower Risk

A strategic alliance is an agreement between two or more organizations or companies to cooperate in a specific business activity, so that each benefit from the strengths of the other to achieve an objective. Alliances typically involve sharing strategy, revenues, costs, and/or risks. The formation of strategic alliances has become more prevalent over the last two decades in response to globalization and increasing uncertainty in the business environment. Some estimates […]
January 19, 2018
Decision making criteria for legacy investments

IT Modernization: 5 Criteria for Reviewing Further Legacy System Investments

If your agency or company is planning to modernize one or more systems, the entire process could take two to five years. During this period, human and financial resources will be in greater demand than ever, as there will be a need for two spending streams – one to plan and execute the modernization initiative and one to maintain the legacy system. Now, you have a dilemma: How do you […]
December 19, 2017
group decision making software

A Christmas Story: The Leg Lamp and Group Decision-Making

Since the 70s, group decision support solutions have been delivered to clients much like the delivery man rolling the wooden crate into Mr. Parker’s living room. They have typically been packaged and sold under the premise that the client’s “problem” is solved once the product has been delivered. The value proposition has been to lead clients to believe that they will be able to save huge amounts of money by […]