Strategic Decision Making

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