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Decision Making Frameworks For Leaders Dealing with Economic Uncertainty

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Chris J Snook's slides for this session on several models for strategic, operational, and timely decision making frameworks from the work of several leading experts who have studied leadership in the time of crisis.

About The Webinar: (Sponsored by emerged.com

We may all be dealing with an unprecedented level of the global crisis but your leadership and decision making don't have to be held captive. In fact, your ability to make better decisions is needed more than ever on the local and global scale as we navigate through both the pandemic and the knock-on effect economic uncertainty and new business realities.

Dive deep into several proven frameworks that address the most important questions you face every day at home and in the organization starting with the three examples below and much more...

"How do I make the right decision?" - complexity means that there are more wrong choices than correct ones. Learn a framework for dealing with this personally and professionally.

"How can I work more efficiently" -The reality of working remotely and managing remote teams is hear to stay for quite some time and you need proven models to achieve efficient performance and communication flows. Technology is a tool, but you must make the decisions that guide your teams.

What do I want moving forward? -Times of massive uncertainty and quarantine provides a forced-reflection. Use it to your strategic benefit personally and professionally with this framework

Chris J Snook
Presenter | Executive Advisor | Author of Digital Sense

Chris J Snook's slides for this session on several models for strategic, operational, and timely decision making frameworks from the work of several leading experts who have studied leadership in the time of crisis.

About The Webinar: (Sponsored by emerged.com

We may all be dealing with an unprecedented level of the global crisis but your leadership and decision making don't have to be held captive. In fact, your ability to make better decisions is needed more than ever on the local and global scale as we navigate through both the pandemic and the knock-on effect economic uncertainty and new business realities.

Dive deep into several proven frameworks that address the most important questions you face every day at home and in the organization starting with the three examples below and much more...

"How do I make the right decision?" - complexity means that there are more wrong choices than correct ones. Learn a framework for dealing with this personally and professionally.

"How can I work more efficiently" -The reality of working remotely and managing remote teams is hear to stay for quite some time and you need proven models to achieve efficient performance and communication flows. Technology is a tool, but you must make the decisions that guide your teams.

What do I want moving forward? -Times of massive uncertainty and quarantine provides a forced-reflection. Use it to your strategic benefit personally and professionally with this framework

Chris J Snook
Presenter | Executive Advisor | Author of Digital Sense

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Decision Making Frameworks For Leaders Dealing with Economic Uncertainty

  1. 1. Decision Making Frameworks For Leaders Dealing with Economic Uncertainty Weekly Executive Briefing 2 6 t h M a r c h 2 0 2 0 w i t h C h r i s J S n o o k a n d g u e s t s Brought to you by:
  2. 2. Say hello to Business to Prospect (B2P) relationship management. Emerged is an independent, AI-driven platform that is redefining the sales process and customer relationship management. Emerged supports your sales team to find, educate, nurture, close and keep your customers. Using proven tactics and a stand-alone platform, Emerged increases closing rates and improves customer retention, all at a fraction of the cost of a traditional agency or in-house solution. Mention “DECISIONS2020” for a customized list of 2000 targets! EMERGED.COM Thank you
  3. 3. THE LOGISTICS Chat with me and your peers in the group chat box Submit Q&A & Participate in the live polls Contact Cameron Davis for questions about the platform cameron@emerged.com . @CHRISJSNOOK Author of Digital Sense Chris J Snook is the bestselling author of Digital Sense (Wiley 2017) and Wealth Matters 3.0. He advises early stage growth companies, private equity managers, and middle-market to Fortune 500 executives on growth strategy and turnarounds. He speaks and writes on a variety of topics including customer experience, tokenomics, AI, IoT, blockchain, digital transformation, and macro-economic trends and potential futures. You can connect on Linkedin or Twitter @chrisjsnook
  4. 4. THE ROADMAP ROADMAP FORCES IMPACTS FRAMEWORKS RESOURCES
  5. 5. THE PROBLEM COVID-19 THE BLACK SWAN EVENT OF OUR GENERATION For the first time in over 100 years every human and every nation shares a common enemy. This also means that every household and every business is completely disrupted at a time of mass misinformation, complexity, and economic fragility. Decision making in this scenario is harder than ever. Source: http://ncov2019.live/data
  6. 6. THE PROBLEM SUPPLY CHAIN DISRUPTIONS FALLING SALES RAPIDLY RISING JOB LOSS TRAVEL DISRUPTIONS CURFEWS & QUARANTINE KNOCK-ON EFFECTS Source: Personal photos from Scottsdale/Paradise Valley Trader Joes and Target shelves on 3/25/2020
  7. 7. Which of the following decisive actions have you taken in response to COVID-19? What has you feeling most anxious today? POLL QUESTIONS
  8. 8. Workplace Decisions What decisions must you make or react to in the workplace? What decisions can you make to ensure personal and organizational continuity in the new normal? YOU NEED TO BE MAKING DECISIONS The Latin root of decision-literally means “to cut off” Investment Decisions Where must you cut off a current/ pre-existing course of action to be best prepared for the new economic opportunities and threats. Social Contract Decisions What new decisions must be made to re-invent, adapt, or focus your family and community and what new social contracts will emerge or decay and how will you handle it?
  9. 9. FRAMEWORKS FOR MASTERY IN DECISION MAKING Good decision making is a skill that pays handsomely. Taking Action Frameworks for Daily Prioritization Eisenhower Matrix Project Portfolio Matrix Dealing with Dilemmas Frameworks for Crisis The Rubber Band Model The Consequences Model The Conflict Resolution Model Self Awareness Frameworks for You/Your Family The Flow Model Personal Performance Model The Johari Window Understanding Others Frameworks for Leading Others TR’s 6 Human Needs Model Extreme Leadership L.E.A.P.
  10. 10. | The science of making better decisions EISENHOWER MATRIX PROJECT PORTFOLIO MATRIX RUBBER BAND MODEL 1 2 3 THE FLOW MODEL PERSONAL PERFORMANCE MODEL 6 HUMAN NEEDS MODEL 4 5 6 WHERE THE MAGIC HAPPENS TOP 6 FOR TODAY’S WEBINAR THE TOP 6
  11. 11. URGENT EISENHOWER MATRIX: Working more efficiently FRAMEWORKS IMPORTANT I m p o r t a n t N o t U r g e n t N o t I m p o r t a n t - N o t U r g e n t I m p o r t a n t A N D U r g e n t N o t I m p o r t a n t - B u t U r g e n t DO THIS NOW DECIDE WHEN YOU WILL DO IT DELEGATE TO SOMEONE ELSE DO IT LATER (OR NEVER)
  12. 12. FRAMEWORKS DAILY SCORECARD •  3x5 cards are a great low-tech solution to write out each morning and carry in your pocket. •  Label them (U&I, INU, UNI, etc) •  Don’t add #7 until you have completed the 6 or revamped them as U&I’s come in. MY TOP 6 TASKS D U E TO D AY ! 1.  Ta s k toda y (U & I) 2.  Ta s k toda y (U & I) 3.  Ta s k toda y (U & I) 4.  Ta s k toda y (IN U ) 5.  Ta s k toda y (IN U ) 6.  D e l e g a t e t a s k ( U N I )
  13. 13. TIME PROJECT PORTFOLIO MATRIX: How to maintain a perspective/overview FRAMEWORKS COST D i v o r c e L A T E T O P L A N E A R L Y UNDERSPENTONPLANOVERSPENT M y b l o g K i d s C o l l e g e Q u a n t i f y i n g P i p e l i n e M y H e a l t h & E x e r c i s e U n w i n d i n g o l d i n v e s t m e n t s N e g o t i a t i n g w i t h c r e d i t o r s
  14. 14. THE RUBBERBAND MODEL: How to choose between two attractive alternatives FRAMEWORKS WHAT’S PULLING YOU? WHAT’S HOLDING YOU?
  15. 15. THE FLOW MODEL: What makes you happy? FRAMEWORKS BOREOUT BURNOUT On a graph like this write out 3 challenges you are facing and how you feel about them (over-challenged or under-challenged). Delegate the ones you lack the ability for to someone you trust and take on the challenges that are suited for your skills to stay in THE FLOW. Over-challenged Under-challenged
  16. 16. PERSONAL PERFORMANCE MODEL: How to recognize if you should change your job or role. FRAMEWORKS Have to: From 0-10 rate the extent to which your current tasks are demanded of you/imposed onto you? Want to: 0-10 rate the extent to which your current tasks match your goals Able to: 0-10 rate how current tasks match your abilities 9 3 7
  17. 17. THE 6 HUMAN NEEDS MODEL: How to recognize the dominant needs and voids in others that drives their behavior. FRAMEWORKS SPIRITUAL NEEDS --------------------------SURVIVAL NEEDS-----------------------
  18. 18. An uninvited guest ruined everyone’s existing 2020 plans but you can make decisions and set a new one that is viable. PRIVACY ü  It’s time to get comfortable being uncomfortable ü  Having a business continuity and personal continuity plan in place is key ü  You must be willing to make decisions and the frameworks will help you be more able to make accurate and timely ones. ü  Assess your needs at present and focus on you and your family/company not drowning until you are able to contribute to others. ü  Engage and empower yourself with these time-tested tools ü  Its all going to be ok J
  19. 19. RESOURCES: BOOKS: The Radical L.E.A.P ~ Steve Farber The Fourth Turning ~ Neil Howe and William Strauss The Watchman’s Rattle ~ Rebecca Costa Awaken the Giant Within ~ Anthony Robbins The Decision Book ~ Mikael K roger us & Roman Tschappeler C O V I D - 1 9 D A S H B O A R D : N c o v 2 0 1 9 . l i v e / d a t a SPONSOR: w w w. e m e r g e d . c o m H O S T: w w w. c h r i s j s n o o k . c o m

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