Tag Archives: decision making

It’s Time to Reset Decision-Making in Your Organization

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I found this interesting and so thought it worth sharing ….

https://hbswk.hbs.edu/item/it-s-time-to-reset-decision-making-in-your-organization

VUCA

“framework for thinking about the external environment that has gained traction in the business world is VUCA: Volatility, Uncertainty, Complexity, and Ambiguity. 

While these words seem similar in many respects, a key point of VUCA is that each of these terms describes a different situation that requires a specific response. Nathan Bennett, a professor with the Robinson College of Business at Georgia State University, and G. James Lemoine, an assistant professor in the Organization and Human Resources Department of the School of Management at the University at Buffalo, have written extensively on VUCA, and argue, “If VUCA is seen as general, unavoidable, and unsolvable, leaders will take no action and fail to solve an actual problem.” Thus, diagnosis of the situation is a prerequisite to crafting a response. 

They argue that

  • volatility should be met with agility;
  • uncertainty with information;
  • complexity with restructuring (with internal operations reconfigured to address external complexities); and
  • ambiguity with experimentation.
  • Uncertainty in this sense refers not to scientific questions about the coronavirus, but to what effect the virus will have on the future. What new realities will it generate? What will recovery look like? How long will it take? What will a post-COVID world entail?”

    • What should our nation focus on as the COVID-19 pandemic unfolds? #EwansCV19Manifesto

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    • Sovereign supply chain risk appetite re-evaluation and accountabilities made public
    • Removal of casual and weekend loading in exchange for all workers holiday, sick leave and other benefits accruing per hour worked
    • Local manufacturing capability safeguarded from lowest-price government and government related purchasing behaviours
    • Government purchasing behaviours for CAPEX items evaluated over lifetime value of asset to help minimise low CAPEX up front with high OPEX tail that becomes someone else’s problem in subsequent periods
    • Removal of any capability for foreign ownership control of any land or significant assets well how is the deal with the Auriel yeah course ridiculous one hour of your crew one hour
      No tax payer funded bailouts.
      Personal guarantees from directors that agree to government short and medium term assistance that is paid back in full
      No assistance to organisations nor employees of same that do not pay full Australian taxes on profits against Australian benchmarks. (Employees need to take responsibility as well)
    • Reduction of the market power of Australian supermarkets
    • Re-nationalisation of previously privatised assets that are not really creating any value
    • Increase tariffs to encourage AU self sufficiency in strategic capability areas
    • Change in investment, taxation and financing policy to decrease the leverage of residential property for investment purposes and return residential property to the status of a ‘home’ so that nearly everyone can afford a roof over their head.
    • Privacy & anonymity freedom will be attempted to be reduced in the name of bio security. Common sense will prevail as the sheeple majoritys’ opinions are ignored by those that understand what is at stake if the CV19 rationalisations are allowed to prevail.

    I am a simple man, with a brain, but not fully informed. Different perspectives and beliefs are interesting to me.

    I invite debate and to have my mind changed via the usual comms channels. #EwansCV19Manifesto

    Some wise words from a good friend, Steve. ”

    Our nation has often been scared of change. I recall the failed introduction of a GST. People scared of Medicare propergander. Elections lost over removal of imputation credits.

    I would think our self-centred voters would care about their mortgage, their superannuation, their jobs and their holidays.

    What should our nation focus on is as different thing to me.

    I guess I would have to look back after the great depression to have some idea. But that went for years.

    If the restrictions go on for 6 months, I reckon our Aussie will forget within 3 months and again return to their self centred ways.”

    How too many rules at work keep you from getting things done.

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    I found this Ted talk interesting as Yves Morieux has found an engaging way to help visualise how cooperation between organisational members can be more important than  efficiency: clarity, measurement &  accountability. This video was a good use of my time and in it Yves argues that our focus on creating measurements and KPIs can easily derail human efforts.

    I normally just read the transcripts of TED videos but this one delivers greater impact when watched in full.

    Yves Morieux: How too many rules at work keep you from getting things done http://www.ted.com/talks/yves_morieux_how_too_many_rules_at_work_keep_you_from_getting_things_done