Strategic Planning and Decision Making

  1. Strategic Decision Making
    1. Models of Decision Making
      1. Rational Model
        1. Steps in Rational Decision Making
          1. Problem Identification
            1. Alternative Generation
              1. Alternative Evaluation
                1. Decision Implementation
                  1. Outcome Evaluation
                  2. Limitations of Rationality
                    1. Information Constraints
                      1. Cognitive Limitations
                        1. Time Pressures
                      2. Bounded Rationality Model
                        1. Satisficing
                          1. Good Enough Solutions
                            1. Search Limitations
                              1. Aspiration Levels
                              2. Cognitive Limitations
                                1. Information Processing
                                  1. Memory Constraints
                                    1. Attention Limits
                                  2. Intuitive Decision Making
                                    1. Role of Experience
                                      1. Pattern Recognition
                                        1. Tacit Knowledge
                                          1. Expert Intuition
                                          2. Intuitive Processes
                                            1. Rapid Cognition
                                              1. Emotional Intelligence
                                                1. Gut Feelings
                                              2. Political Model
                                                1. Power Dynamics
                                                  1. Stakeholder Influence
                                                    1. Coalition Formation
                                                      1. Negotiation Processes
                                                      2. Coalition Building
                                                        1. Interest Alignment
                                                          1. Resource Sharing
                                                            1. Compromise Solutions
                                                        2. Decision-Making Tools and Techniques
                                                          1. Decision Trees
                                                            1. Structure and Application
                                                              1. Decision Nodes
                                                                1. Chance Nodes
                                                                  1. Outcome Evaluation
                                                                  2. Expected Value Analysis
                                                                    1. Probability Assessment
                                                                      1. Value Calculation
                                                                        1. Risk Consideration
                                                                      2. Scenario Planning
                                                                        1. Developing Scenarios
                                                                          1. Scenario Construction
                                                                            1. Key Uncertainties
                                                                              1. Plausible Futures
                                                                              2. Using Scenarios in Strategy
                                                                                1. Strategic Options
                                                                                  1. Contingency Planning
                                                                                    1. Risk Assessment
                                                                                  2. Real Options Analysis
                                                                                    1. Valuing Flexibility
                                                                                      1. Option Value
                                                                                        1. Strategic Flexibility
                                                                                          1. Investment Timing
                                                                                          2. Types of Real Options
                                                                                            1. Expansion Options
                                                                                              1. Abandonment Options
                                                                                                1. Timing Options
                                                                                              2. Game Theory
                                                                                                1. Competitive Interactions
                                                                                                  1. Strategic Games
                                                                                                    1. Nash Equilibrium
                                                                                                      1. Dominant Strategies
                                                                                                      2. Applications in Strategy
                                                                                                        1. Competitive Dynamics
                                                                                                          1. Pricing Decisions
                                                                                                            1. Entry Deterrence
                                                                                                          2. Delphi Technique
                                                                                                            1. Expert Consensus Building
                                                                                                              1. Expert Selection
                                                                                                                1. Iterative Process
                                                                                                                  1. Consensus Achievement
                                                                                                                  2. Applications
                                                                                                                    1. Forecasting
                                                                                                                      1. Problem Solving
                                                                                                                        1. Strategy Development
                                                                                                                    2. Cognitive Biases in Strategic Decisions
                                                                                                                      1. Overview of Cognitive Biases
                                                                                                                        1. Systematic Errors
                                                                                                                          1. Decision Traps
                                                                                                                            1. Bias Categories
                                                                                                                            2. Confirmation Bias
                                                                                                                              1. Selective Information Processing
                                                                                                                                1. Evidence Interpretation
                                                                                                                                  1. Belief Persistence
                                                                                                                                  2. Overconfidence Bias
                                                                                                                                    1. Overestimation of Abilities
                                                                                                                                      1. Certainty Illusion
                                                                                                                                        1. Planning Fallacy
                                                                                                                                        2. Anchoring Bias
                                                                                                                                          1. Initial Information Influence
                                                                                                                                            1. Adjustment Inadequacy
                                                                                                                                              1. Reference Point Dependence
                                                                                                                                              2. Groupthink
                                                                                                                                                1. Group Pressure
                                                                                                                                                  1. Conformity Pressure
                                                                                                                                                    1. Critical Thinking Suppression
                                                                                                                                                    2. Escalation of Commitment
                                                                                                                                                      1. Sunk Cost Fallacy
                                                                                                                                                        1. Loss Aversion
                                                                                                                                                          1. Face-Saving Behavior
                                                                                                                                                          2. Mitigating Biases in Decision Making
                                                                                                                                                            1. Awareness Building
                                                                                                                                                              1. Process Design
                                                                                                                                                                1. Devil's Advocate
                                                                                                                                                                  1. Diverse Perspectives
                                                                                                                                                                2. Risk Management in Strategic Decisions
                                                                                                                                                                  1. Identifying Strategic Risks
                                                                                                                                                                    1. Types of Strategic Risks
                                                                                                                                                                      1. Market Risks
                                                                                                                                                                        1. Operational Risks
                                                                                                                                                                          1. Financial Risks
                                                                                                                                                                            1. Regulatory Risks
                                                                                                                                                                              1. Reputational Risks
                                                                                                                                                                              2. Risk Sources
                                                                                                                                                                                1. Internal Sources
                                                                                                                                                                                  1. External Sources
                                                                                                                                                                                    1. Systemic Sources
                                                                                                                                                                                  2. Assessing Risk Impact and Probability
                                                                                                                                                                                    1. Qualitative Assessment
                                                                                                                                                                                      1. Risk Matrices
                                                                                                                                                                                        1. Expert Judgment
                                                                                                                                                                                          1. Scenario Analysis
                                                                                                                                                                                          2. Quantitative Assessment
                                                                                                                                                                                            1. Statistical Analysis
                                                                                                                                                                                              1. Monte Carlo Simulation
                                                                                                                                                                                                1. Sensitivity Analysis
                                                                                                                                                                                              2. Developing Risk Mitigation Strategies
                                                                                                                                                                                                1. Risk Response Options
                                                                                                                                                                                                  1. Risk Avoidance
                                                                                                                                                                                                    1. Risk Reduction
                                                                                                                                                                                                      1. Risk Transfer
                                                                                                                                                                                                        1. Risk Acceptance
                                                                                                                                                                                                        2. Contingency Planning
                                                                                                                                                                                                          1. Contingency Identification
                                                                                                                                                                                                            1. Response Planning
                                                                                                                                                                                                              1. Trigger Points
                                                                                                                                                                                                              2. Risk Monitoring
                                                                                                                                                                                                                1. Risk Indicators
                                                                                                                                                                                                                  1. Early Warning Systems
                                                                                                                                                                                                                    1. Continuous Assessment

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                                                                                                                                                                                                              7. Functional-Level Strategy Formulation

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                                                                                                                                                                                                              9. Strategy Implementation