Day 3 at HWZ School of Economics in the #EMBA program: Decision-making as a strategic advantage – from Aristotle to AI-powered scenario analyses 💡
Led by Julian Fieres, VP Strategy, Digitalization, and Sustainability at ZF Group, today was all about mastering the art of #DecisionMaking and how it becomes a true #USP for #Leaders. We explored Aristotle’s focus on logical thinking, Plato’s pursuit of the moral “good,” and Machiavelli’s insight that not all decisions need to be ethical.
Particularly fascinating was the comparison of Kahneman’s #System1 vs. #System2 thinking – fast, intuitive action 🏃♂️ versus slow, analytical decisions 🧠. The real skill is knowing when to apply each.
We also analyzed business failures like Eastman Kodak and Yahoo, which fell victim to cognitive biases and heuristics such as the #AvailabilityHeuristic and #StatusQuoBias.
The #HorizonModel highlighted the importance of balancing short-term gains (Horizon 1), mid-term growth opportunities (Horizon 2), and long-term innovations 🚀 (Horizon 3).
The afternoon focused on #DataDrivenDecisionMaking and AI-powered scenario analyses. A standout was Amazon’s model of “One-Way vs. Two-Way Door Decisions,” helping leaders choose the right decision-making mode and assess risks more deliberately.
AI and data-driven tools reduce common pitfalls and offer genuine competitive advantages in modern #Leadership and #StrategicManagement.
One takeaway for the day: those who make the right decisions determine success or failure – and who walks into the office on Monday with a relaxed smile. 😎
Time to enjoy the well-deserved weekend! 🎉 