In the context of growing a business, but also for just running it, decision making and dealing with risk are core ingredients. In support of both dimensions more or less separate disciplines have emerged (Decision Analysis and Risk Management), each with its own Continue reading DA and RM: Join Forces?
For the development or continuity of a business lots of investment decisions are required. Making the right choices is key for the future success of the organization. Good templates for decision making processes exist that will allow arriving at such a choice in an orderly and structured manner. Although decisions can even be challenging in the context of limited uncertainty, for example because of delicate trade-offs between attributes of alternatives, the dimension that I would like to focus on in this article is uncertainty.