The Future of Strategy and Decision-Making: Predictive Analytics - Don’t Play Checkers in a Chess World
Organizational leaders know their decisions determine the future… but will they discover the most effective and reliable method to improve the decision making process?
Such a methodology exists, it’s called Predictive Analytics. It is relatively new, but has been proven highly effective. It involves analytical math methods supported by sophisticated software to predict results of decisions with a degree of accuracy not previously available. These methods pull-out and organize deep relationships in research and survey data, and yield conclusions that may be unexpected, but which prove time and again to be optimal. These methods are in use today by large organizations where tens of millions of dollars are involved.
The attendee will have an opportunity to try out this process, and will engage and decompose step-by-step a decision process that a company goes through to maximize growth and profit – based on an actual present day business situation. Attendees will study and compare, in real-time, their own recommendations vs. their peers, vs. a group of previously tested consultants, vs. the case study’s actual management team’s decisions. The workshop will contrast the outcomes. Attendees will see the results of conventional thinking and decision making tools, and compare those with the power of Predictive Analytics.
Kennedy Information Inc., a watchdog for the management consulting industry, held a conference for the Institute of Management Consultants in Chicago on May 5th and 6th, 2010. Tom Rodenhauser led the discussion. He predicted that Analytics would change the face of strategy consulting, making some aspects of it a technology-empowered commodity. In this workshop you will see the value that analytics adds to the decision process to turn action minded leaders into futurists.
Who Should Attend: Any consultant who interfaces with "C”, "VP” and "Director” level executives determined to dominate in their chosen market space.