A decision is an irrevocable allocation of resources
prof. emiritus dr. Jac Geurts
Strategic Decision Making is a very practical approach for addressing specific stratgeic issues. It is very strong on mobilizing and leveraging the know-how of people involved in the process. It ends with an underpinned advice (based the combined knowledge of the people involved).
Two different approaches are available:
- Strategic Decision Analysis
Key words: decision tree, decision options, uncertainties, scenarios, outcomes, preferred risk approach - Preference Tree Analysis
Key words: game theory, stakeholders and their preferences, stakeholder power position