Date: 12 June 2019, 18:00–20:00
Location: Expat Center Vienna, Schmerlingplatz 3, 1010 Vienna
Speakers: Dr. Barbara Kump, Sascha Bernardis, Dr. Stefan Teufl
Language: English
Registration: online see below
Facebook event: here

Leaders need to make decisions all the time, whether with ease or with difficulty. However, making a decision is not just a question of rationally calculating all options and selecting a best alternative. In a world of infinite complexity and ambiguity, outcomes are uncertain, and our thinking needs to take numerous factors into account and consider future scenarios rather than think about step-by-step processes.

As VUCA leaders, we need the ability to tap into both aspects of our intellectual capability: analytics and intuition. We will have to develop capacities in strategic thinking, incisive analysis, complex problem-solving and scenario planning to make wise decisions to deal with the grand challenges we are facing.

Besides, we will need to build new organizational forms that do not rely on individuals who make smart decisions, but that distribute responsibility and decision-making amongst all people with expertise within an organization.

• What are key criteria for wise decisions in a complex world?
• What are the key decision-making skills effective leaders need?
• How can we create organizations that can make difficult decisions in an efficient and reliable way?
• How does intuition influence our thinking and what role does it play in decision-making?

Dr. Barbara Kump (WU Wien) and Sascha Bernardis (dwarfs and Giants), will present and discuss the major challenges in decision-making, and also introduce decision-making models and concepts which can be integrated into daily operations. Dr. Stefan Teufl (UniCredit Academy) will participate in the discussion panel to present a practitioner’s view.