An unexpected, high-consequence crisis situation arises. Early information is incomplete and most often inaccurate. In the early hours, the velocity of necessary crisis-related decisions typically comes fast. Timing is of the essence in order to stay ahead of the developing, wide-spreading reactions of impacted stakeholders.
With insufficient time to gather and verify facts, organizational leaders must be make vital decisions with only partial knowledge. Important decisions must be made when (1) partially informed; (2) time is limited; and (3) the future is uncertain.
Some leaders are much more proficient at making and implementing effective decisions during these uncertain times than others. For many teams and individuals, crises magnify the significance of their small weaknesses. To address this problem, several scientific studies have analyzed and identified “Simple Rules of Thumb” that help organizational leaders make high-quality decisions during turbulent, unstable times.
When can these gut-level decisions (based on partial knowledge) be trusted? Research has shown that decisions made using Simple Rules of Thumb in unexpected high-consequence, fast moving situations lead to superior decision-making. These decisions are less prone to estimation and calculation errors than decisions that are “over thought.”
What are the concrete “Simple Rules of Thumb” that highly effective leaders focus upon during unexpected crisis situations . . . from frequent, less severe crises to incidents of disastrous proportions? This presentation will help each participant obtain take-and-use methods for increasing the quality of decision-making during uncertain, high-consequence situations that inevitably occur from time to time in one’s career and personal life.