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Common decision analysis errors
Yesterday I highlighted some common mistakes associated with failure to proactively identify and plan your decisions before diving into decision analysis. Even if you have correctly focused on a high-priority, well-framed decision (successfully answered the “What do we need to … Continue reading
Compare Alternatives – Spider Chart
The Compare Alternatives capability within the Decision Driven® Solutions Framework (DDSF) contains two different comparison views that you can use to compare your alternatives: Tornado Chart: This chart compares the relative effectiveness of any pair of alternatives. It displays their … Continue reading
Posted in Decision Driven Innovation, Decision Driven Life, Decision Driven Product Development, Decision Driven Strategy
Tagged acquisitions, advantages, compare alternatives, competitive analysis, differentiation strategy, evaluation, hybrid alternatives, joint ventures, market positioning, mergers, partnerships, portfolio decision, radar diagram, scoring, spider chart, tornado chart, trade space, value proposition
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Scoring alternatives – keep it simple
The evaluation of alternatives in a decision should be a simple process that unlocks many insights. Effective scoring begins with a clear definition of criteria. Each criterion (factor, stakeholder goal) represents an arrow or vector in the direction of “goodness”. Scoring is … Continue reading
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