We now provide a set of tutorials (through our publishing partner Leanpub) in our effort to help you make better, more informed, and reasoned decisions. Intended to be read in 1-3 hours, our tutorials span no more than 100 pages so that you can understand big ideas quickly on a first pass. Then, when you want to go back and explore details in a deeper fashion, important concepts will be easy to find. Check back often to see when the next tutorial comes online.
Business Case Analysis with R: A Simulation Tutorial to Support Complex Business Decisions
This is a tutorial for learning how to use the statistical programming language R to develop a business case simulation and analysis.
The tutorial follows the case in which a chemical manufacturing company considers constructing a chemical reactor and production facility to bring a new compound to market. There are numerous undertainties and risks involved, including the possibility that a competitor brings a similar product online. The company must determine the value of making the decision to move forward and where they might prioritize their attention to make a more informed and robust decision. While the example used is a chemical company, the analysis structure it presents can be applied to just about any business decision, from IT projects to new product development to commercial real estate.
It's Your Move: Creating Valuable Decision Options When You Don't Know What to Do
Business opportunities expose decision makers to hundreds, if not tens of thousands, of coordinated decision options (even for light to moderate levels of complexity) that should be considered thoughtfully before making resource commitments. That complexity is just overwhelming! Unfortunately, the typical response is either analysis paralysis or "shooting from the hip," both of which expose decision makers to unnecessary loss of value and risk. This tutorial teaches decision makers how to tame option complexity to develop creative, valuable decision strategies that range from "mild to wild" with three simple thinking tools.
|"The subject of how to make your next move is deceptively simple, and as experience has shown, is subject to considerable risk. Possibly the biggest benefit of this structured decision-making approach is that you are answering the right question, and that the tools described help you bring order from the normal complexities of business." -Bob de Wolff|
If you prefer, our tutorials are also available on Amazon.