Decision Quality
The Fundamentals of Decision Quality
Does your organization consistently make good decisions? How do you know?
As a leader in your organization, you must demonstrate that your decisions are of high quality. You also must assess the quality of decisions, and the decision-making processes, of the teams you lead. And you must ensure that good decisions are made as fast as possible given their importance, complexity, and risk to the organization. How do you do that today?
Decision quality (DQ) is a highly effective methodology that has been proven in over 35 years of application in large organizations. It improves decision-making in the face of both organizational and analytical challenges. The DQ framework, process, and tools help organizations to significantly outperform competitors.
DQ helps leaders and enterprise teams work together to:
- Ensure you are solving the right problem
- Consider appropriate and creative alternatives
- Avoid both "paralysis by analysis" and "flying by the seat of your pants"
- Quantify risk and identify avenues to manage it
- Build commitment to action within the organization
DQ provides a common language across the enterprise for decision-making, enabling team communication to be clearer, more efficient and less prone to mistakes and misunderstandings.
DQ is applied to both fast-turnaround decisions and major strategic decisions that may require data gathering, analysis and review:
The Decision Appraisal Cycle:
Quick checks, to confirm that the six elements of Decision Quality are present
Decision Quality (DQ) provides the defining framework for a good decision. It is an extension of decision science and in particular, of Decision Analysis (DA) – a set of concepts and tools that produce clarity about the best choice in an uncertain and dynamic environment.
DQ not only uses DA to get to the “right” answer, but also engages the most important parties in the decision process to achieve alignment and commitment to action.
- Setting the right frame
- Considering alternatives
- Gathering meaningful data
- Clarifying values and trade-offs
- Logically correct reasoning
- Commitment to action
All high-quality decisions meet six requirements.
Focusing on each element of this rational decision-making model and involving the right people at the right time in the right way make it possible to create significant value and avoid mistakes that erode value. On the other hand, a lack of DQ leads to decision failures: failed strategies, wasted capital in investment decisions, recycling of decisions, blaming, and witch hunts.
Decision Dialogue Process (DDP)
An Efficient, Collaborative Approach to Decision-Making
A formal process for structuring complex decision-making in large enterprises that engages the right people at the right time. The DDP charts a path from an opaque situation to a clear choice and efficient implementation and allows different parts of the organization develop an understanding of their varied roles and perspectives.
DQ Book
To learn more about the fundamentals of Decision Quality, we recommend the book "Decision Quality: Value Creation from Better Business Decisions".
Our Podcast
Listen to our podcast "Decide Like a True Leader" with Dr. Carl Spetzler and discover more about the six elements of Decision Quality.
DQ in 5 minutes!
Discover Decision Quality in under 5 minutes! Watch Dr. Carl Spetzler's quick introduction and make better decisions today.
Our Offerings
Strategic Decisions Group provides training and direct support to improve the quality of organizational decision-making, whether it’s support for one-off, major strategic decisions that will have lasting and irreversible impactor in bringing overall cultural change for the long term.
Infographics
Download resources from the Decision Quality book. Some of the more popular tools described in Decision Quality are available at no charge from Strategic Decisions Group. Download these resources to incorporate these valuable tools into your decision process. Make your next decision your best.
Dialogue Decision Process
The Dialogue Decision Process guides decision makers to a quality decision, avoiding biases and creating alignment and commitment along the way.
Decision Maker's Rights
Every decision maker has the right to decision quality. Insist on a process that will support efforts to choose the alternative that creates the most value.
Decision Quality
Explore our clients success stories.
- Publications
Closing the Decision Quality Gap
- Video
How Decision Quality Improves Leadership
- Video
Decision Quality in the Life Sciences Industry
- Video
Decision Quality’s ‘Aha!’ Moment
- Video
What Are the Origins of Decision Science?
- Publications
Strategic Perspective Needed in T&D Asset Management
- Publications
A Strategic Approach for Managing Oil and Gas Assets
- Publications
Techniques to Maximize Value from CCUS Decisions at Every Stage
- Webinar
Judging the Quality of an ‘Agile’ Decision
- Webinar
How to Establish a Healthy Decision Culture
- Webinar
Harnessing Conflict to Fuel a Healthy Decision Culture
- Webinar
Accelerating the Journey to DQ with Distracted and Dispersed Teams
- Webinar
Navigating the Complex Landscape of Energy Transition Decisions
- Publications
An Organization-Wide Approach to Good Decision-Making
- Publications
Making the Business Case for a Patient Handling and Movement Program
- Publications
How to Make Strategic Trade-Offs
- Webinar
Beyond Decision Rights: What Most Decision Processes Get Wrong
- Publications
Mitigating Biases in Pharmaceutical R&D Decision-Making
- Publications
Charting the Road to Energy Transition
- Case Study
Embedding Decision Quality in Chevron’s Culture Helps Them Outperform the Competition
Decision Tuesday
- Infographic
4 Steps to Unlock Better Outcomes with Decision Trees!
- Infographic
How Credibility and Engagement Drive Real Impact!
- Infographic
“If you don’t know where you are going, any road will get you there.”
- Infographic
The Impact of Sound Reasoning in Decision-Making!
- Infographic
Cut Through the Noise of Bad Information!
- Infographic
How new Alternatives will raise your outcome dramatically
- Infographic
6 Elements of High-Quality Decisions
- Infographic
How the Right Perspective Drives Decisions
- Infographic
Uncertainty vs. Value: How to Find the Right Balance.
- Infographic