A decision is an irrevocable allocation of resources
prof. emiritus dr. Jac Geurts
In case uncertainties are high, it is often wiser to think big (in terms of ambition and long term objectives), but make small actionable steps avoiding wasting time, money, creativity of your best people and management attention.
But, once high impact decisions have to be made impacting a lot of people, money and time.
|If the focus is on content, Strategic Decision Analysis is used.|
|Example: Technology decisions|
|If the focus is on stakeholder interaction, Preference Tree Analysis (based on Game Theory) is used|
|Example: Mergers & Acquisitions, (multi-player)-negotiations|