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Archive for the ‘Boards’ Category

The crime of murder has a set of elements – key things which must be established. Similarly, there are elements for major business decisions.

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The central responsibility, for Boards and for individual Directors, is to make good decisions.  What can Directors do to improve their decision making ability? First, it is important to understand that decision making is a complex cognitive skill.  It is not an innate talent that some people were granted at birth.  Nor is it something [...]

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Two recent publications suggest the Boards can improve their decision making by using structured techniques to improve information sharing.

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Julie Garland Mclellan has posted another of her Director’s Dilemmas.  This time I had the interesting task of coming up with one of the three “answers” or commentaries, and used decision mapping to derive my recommendations.   Here is the map: Click on the image or here to view the zoomable pdf file. Transcribing the [...]

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Now available: Enhancing Board Decisions with Decision Mapping (pdf) Boards can improve their effectiveness by refining their decision-making processes.  To this end we recommend adoption of decision mapping to assist individual Directors to appreciate the logical structure of Board decisions, thereby enabling them to participate more effectively in Boardroom debates.  Specifically, Management create decision maps [...]

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It is well known that every issue of the Harvard Business Review includes a case study, an interesting business situation calling for a decision, with three expert commentaries.  The decision mapping methodology fits these case studies very well, as I illustrated in a previous post. Every month Julie Garland McLellan, an Australian consultant to company directors [...]

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Geoff Williams and I have started circulating a draft version of a whitepaper Improving Board Deliberations: The Role of Decision Mapping.   We intend to release a final (“1.0″) version in about a month, and are keen to receive feedback, especially from folks with direct experience of board-level decision making.   Download (pdf)

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Eminent professor tells us not much about how boards actually make decisions.

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