Cognitive biases pose a high threat to strategic planning, but you can overcome them by using the 10 Steps for Strategic Planning to Defend Your Future:

1. Determine scope, strategic goals, and timeline of planned activities.
2. Gather relevant stakeholders and explain the “Defend Your Future” process.
3. Imagine that everything goes as expected. What would the future look like? What resources would be required?
4. How likely are unanticipated problems to occur? Consider problems internal to your organization and external to your organization separately.
5. How many resources would each of these problems take? Multiply the likelihood of problems by resources and add the total sum of additional resources to your budget. Evaluate ways to anticipate and address problems and add next steps to your plan.
6. How likely are unanticipated opportunities to occur? Consider opportunities internal to your organization and external to your organization separately.
7. How many resources would be needed to take advantage of these opportunities? Multiply the likelihood of opportunities by resources and add the total sum of additional resources to your budget. Evaluate ways to anticipate and seize such opportunities and add next steps to your plan.
8. Check for potential cognitive biases and adjust the resources and plans to address them.
9. Account for unknown unknowns (black swans): increase needed resources by 40% and consider ways to make your plans more flexible and secure.
10. Communicate with organizational stakeholders about additional resources needed and take next steps to address problems and seize opportunities.


That's the key take-away message of this episode of the Wise Decision Maker Guide.

This article forms the basis for this episode: https://disasteravoidanceexperts.com/10-steps-for-strategic-planning-to-defend-your-future/

Make sure to register for the FREE Wise Decision Maker Course and get a FREE copy of the "Assessment on Dangerous Judgment Errors in the Workplace" as part of the first course module https://disasteravoidanceexperts.com/subscribe/

Get the book that describes in much more depth how successful leaders avoid dangerous judgment errors and make the wisest and most profitable decisions. "Never Go With Your Gut: How Pioneering Leaders Make the Best Decisions and Avoid Business Disasters" https://disasteravoidanceexperts.com/nevergut

Other articles relevant to this episode:

Decision Maker Movement Manifesto
https://disasteravoidanceexperts.com/wise-decision-maker-movement-manifesto/

How to Evaluate Unconscious Bias Caused by Cognitive Biases at Work
https://disasteravoidanceexperts.com/how-to-evaluate-unconscious-bias-caused-by-cognitive-biases-at-work/

8 Key Steps for Effective Leadership Decision Making to Avoid Decision Disasters
https://disasteravoidanceexperts.com/8-key-steps-for-effective-leadership-decision-making-to-avoid-decision-disasters/

8-Step Leadership Decision-Making Process for Making the Best Decisions
https://disasteravoidanceexperts.com/8-step-leadership-decision-making-process-for-making-the-best-decisions/

8 Key Steps to Prevent Failure in Implementing Decisions or in Managing Projects and Processes
https://disasteravoidanceexperts.com/8-key-steps-to-prevent-failure-in-implementing-decisions-or-in-managing-projects-and-processes/

How to Make Decisions Quickly
https://disasteravoidanceexperts.com/how-to-make-decisions-quickly/

10 Steps for Strategic Planning to Defend Your Future
https://disasteravoidanceexperts.com/10-steps-for-strategic-planning-to-defend-your-future/

12 Mental Skills to Defeat Cognitive Biases
https://disasteravoidanceexperts.com/12-mental-skills-to-defeat-cognitive-biases/

The Wise Decision Maker Show is produced by Disaster Avoidance Experts and Dr. Gleb Tsipursky
https://disasteravoidanceexperts.com/wdmg/

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