CSOsandbox Podcast Channel
The purpose of the (Chief Strategy Officer) CSOsandbox Podcast Channel is to present contemporary content of relevance to corporate leaders and professional strategy practitioners. This channel is apart of a service system that incorporates skills in research, information dissemination, executive education, management consulting and facilitation. Concepts are based on advanced strategy concepts described in the books, Corporate Strategy (Remastered) I and II (Routledge, 2020). The consulting component of the system is PH Strategy and Leadership (www.phsandl.com). Subscriptions to the CSOsandbox can be made at www.csosandbox.com.
CSOsandbox Podcast Channel
Video Bites: Muddling Through: Strategic decision making for complex, high risk problems
Driven by extreme uncertainty following the onset of Covid - 19, immediate change became an imperative for all CEOs. Their response was impressive, corporate leaders sprang into action. This begs the question though: If decision making is improved during a crisis, why isn’t it that good all the time? The answer lies in the circumstances of the problem being addressed. Influential factors are uncertainty, complexity, risk and reward. In this video we present a matrix that provides insight into alternative decision making methodologies, of which Muddling Through is one. The context of the discussion is organisational transformation and renewal.
Reference:
Lindblom, CE. 1959. The science of muddling through. Public Administration Review, 19(2): 79–88. https://doi.org/10.2307/973677
The video can be viewed on YouTube at: https://www.youtube.com/channel/UCwW1QK_4P31MtXyYGmJOyUg
This podcast is published by the Strategic Management Institute (www.smiknowledge.com), the research arm of PH Strategy and Leadership (www.phsandl.com) management consultants. Another associated web site is PHSANDL's strategy simulation tool, the Chief Strategy Officer (CSOsandbox) www.csosandbox.com.
More video based podcasts (Video Bites) can be found on YouTube CSOsandbox: https://www.youtube.com/channel/UCwW1QK_4P31MtXyYGmJOyUg