Best Practices in Strategy Design

Strategic decisions drive success and the process of managing, automating and improving these decisions has become crucial for companies across all industries. Decision analysis techniques help companies make smart, timely decisions and decision trees are a good example of technology that can help determine the best decision. But the technology is just one of the critical elements of a decision strategy. You have to know how to think about the problem you're trying to solve and how to design an effective strategy. And once you have a solid strategy in place, it's important to continue taking a fresh look at your data, your rules and your strategies on a regular basis. You can use data, tools and analytic techniques to understand current results then redevelop strategies for continual improvement.