Join Mike Figliuolo for an in-depth discussion in this video Quality of data, part of Executive Decision Making.
- Large executive decisions require a lot of data.…The problem is that data isn't always right.…There are biases involved in the way you gather information.…Sometimes there are structural issues…with the way the data is structured,…and there are quality problems.…The data is always suspect.…Understanding the data's limitations…and then accounting for them…is going to help you make better decisions.…The way you account for it is:…First, clearly articulate the assumptions you're making.…
Second, identify gaps in the data…or questions about data accuracy.…Third, put error ranges around that suspect data…and assess how much that could change…the decision you're trying to make.…Lastly, try to triangulate in…and confirm the decision using different data sets.…You may have one data set that says it's a bad idea,…and two others that say it's a good idea.…So, looking at it from multiples views…can give you a higher degree of confidence,…or at least let you know where you need…to have more data and better rigor.…
One example I'm familiar with is a global manufacturer.…
Mike helps you find the data and tools to support your decision, make the call, communicate decisions effectively, and lead your organization through the change. He'll also address common problems that arise from these high-profile decisions: cultural differences, quality of information, trust, and accountability, to name a few.
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- Explore methods for communicating more effectively.
- Review decision-making styles to find the best one for you.
- Recognize the right time to declare success.
- Recall how an understanding of inherent biases can help you get the right data.
- Review methods for building trust.
- Explore how to make the right call while assessing risks.