Insights
Does the quality of decisions improve with experience?
Yes. But that also means making mistakes as you go along. With the Alpha Neuron toolkit designed specially to solve business challenges, you can shave off some mistakes and add them to your list of successful decisions.
Our normal approach to handling business problems and decision making works for 90% cases, but it is the remaining 10% diffcult problems/challenges, which often matter the most, where our normal approach is unlikely to succeed — often because the complexity and multiple dimensions involved.
We have observed repeatedly that failure to consider alternatives fully is the most common cause of bad business decisions.
So, what are your difficult decisions trying to achieve?
They are trying to protect, and grow, your key business assets. Based on hundreds of observations, we have classified them into 6 types of assets- and they impact each other - so they can be considered as an “Asset Web”™.
Over the last 5 years, we have, arguably, built the largest collection of business decisions and challenges worldwide. All data and business decisions used by us are real-life.
They have been meticulously obtained from numerous reliable sources, including our team’s first hand experience at executive management level, from peers who are VPs/ Directors/CXOs of companies, our professional network, and credible business reports. Considerable analysis goes behind each entry in our database.
So when we will tell you something is working out good or bad, we will support it with real-life examples.
Here are some quick insights from our work, at a summary level:
- The least profitable 20% of your clients often take upto 33% of overall effort.
- About 50% business initiatives start with wrong timing making success difficult right from the start.
- 1 out 5 projects fails because of its project manager.
- 2 out 5 CEOs/MDs admit they need to do better What-If scenarios in their decision making.
- Even though 3 out 5 M&A deals fail to deliver the initial business case, it is among the surest paths for business growth.
Our Approach combines 1300+ real-life business decisions with the risk-reward approach of different business leaders. To put this in perspective, the average number of business decisions taken per month is about 3 by a Manager, 5 by a VP, and 8 by a CXO. Thus, the AlphaNeuron system available to you is equivalent to a team of 20+ CXOs across business functions.
The Result is a set of ’solution alternatives’ that can give rapid inputs to business owners and managers to define/refine business plans, evaluate new/ongoing projects, and handle difficult negotiations.