This document summarizes a webinar on decision making frameworks for dealing with economic uncertainty during the COVID-19 pandemic. It introduces 6 frameworks to help with daily prioritization, maintaining perspective, choosing between options, understanding personal happiness and skills, recognizing the needs of others, and taking decisive action. Resources mentioned include books on leadership and decision making as well as a COVID-19 dashboard. The webinar aims to equip leaders with tools for navigating disruption through improved decision making.
Ethical stalking by Mark Williams. UpliftLive 2024
Decision Making Frameworks For Leaders Dealing with Economic Uncertainty
1. Decision Making
Frameworks For Leaders
Dealing with Economic
Uncertainty
Weekly Executive Briefing
2 6 t h M a r c h 2 0 2 0 w i t h C h r i s J S n o o k a n d g u e s t s
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3. THE LOGISTICS
Chat with me and your
peers in the group chat box
Submit Q&A & Participate in
the live polls
Contact Cameron Davis for
questions about the platform
cameron@emerged.com .
@CHRISJSNOOK
Author of Digital Sense
Chris J Snook is the bestselling author of Digital Sense (Wiley
2017) and Wealth Matters 3.0. He advises early stage growth
companies, private equity managers, and middle-market to
Fortune 500 executives on growth strategy and turnarounds.
He speaks and writes on a variety of topics including customer
experience, tokenomics, AI, IoT, blockchain, digital
transformation, and macro-economic trends and potential
futures. You can connect on Linkedin or Twitter @chrisjsnook
5. THE PROBLEM
COVID-19 THE BLACK SWAN
EVENT OF OUR GENERATION
For the first time in over 100 years every human and
every nation shares a common enemy. This also
means that every household and every business is
completely disrupted at a time of mass
misinformation, complexity, and economic fragility.
Decision making in this scenario is harder than ever.
Source: http://ncov2019.live/data
6. THE PROBLEM
SUPPLY CHAIN DISRUPTIONS
FALLING SALES
RAPIDLY RISING JOB LOSS
TRAVEL DISRUPTIONS
CURFEWS & QUARANTINE
KNOCK-ON EFFECTS
Source: Personal photos from Scottsdale/Paradise
Valley Trader Joes and Target shelves on
3/25/2020
7. Which of the following decisive actions
have you taken in response to COVID-19?
What has you feeling most anxious today?
POLL QUESTIONS
8. Workplace Decisions
What decisions must you make or
react to in the workplace? What
decisions can you make to ensure
personal and organizational
continuity in the new normal?
YOU NEED TO BE MAKING DECISIONS
The Latin root of decision-literally means “to cut off”
Investment Decisions
Where must you cut off a current/
pre-existing course of action to be
best prepared for the new
economic opportunities and
threats.
Social Contract Decisions
What new decisions must be
made to re-invent, adapt, or focus
your family and community and
what new social contracts will
emerge or decay and how will you
handle it?
9. FRAMEWORKS
FOR MASTERY
IN DECISION
MAKING
Good decision making
is a skill that pays
handsomely.
Taking Action
Frameworks for Daily Prioritization
Eisenhower Matrix
Project Portfolio Matrix
Dealing with Dilemmas
Frameworks for Crisis
The Rubber Band Model
The Consequences Model
The Conflict Resolution Model
Self Awareness
Frameworks for You/Your Family
The Flow Model
Personal Performance Model
The Johari Window
Understanding Others
Frameworks for Leading Others
TR’s 6 Human Needs Model
Extreme Leadership L.E.A.P.
10. | The science of making better decisions
EISENHOWER
MATRIX
PROJECT
PORTFOLIO
MATRIX
RUBBER BAND
MODEL
1
2
3
THE FLOW
MODEL
PERSONAL
PERFORMANCE
MODEL
6 HUMAN NEEDS
MODEL
4
5
6
WHERE THE MAGIC HAPPENS
TOP 6 FOR
TODAY’S
WEBINAR
THE TOP 6
11. URGENT
EISENHOWER
MATRIX:
Working more
efficiently
FRAMEWORKS
IMPORTANT
I m p o r t a n t N o t U r g e n t
N o t I m p o r t a n t - N o t U r g e n t
I m p o r t a n t A N D U r g e n t
N o t I m p o r t a n t - B u t U r g e n t
DO THIS NOW DECIDE WHEN
YOU WILL DO IT
DELEGATE TO
SOMEONE ELSE
DO IT LATER
(OR NEVER)
12. FRAMEWORKS
DAILY SCORECARD
• 3x5 cards are a great low-tech
solution to write out each
morning and carry in your
pocket.
• Label them (U&I, INU, UNI, etc)
• Don’t add #7 until you have
completed the 6 or revamped
them as U&I’s come in.
MY TOP 6 TASKS
D U E TO D AY !
1. Ta s k toda y (U & I)
2. Ta s k toda y (U & I)
3. Ta s k toda y (U & I)
4. Ta s k toda y (IN U )
5. Ta s k toda y (IN U )
6. D e l e g a t e t a s k ( U N I )
13. TIME
PROJECT
PORTFOLIO
MATRIX:
How to maintain a
perspective/overview
FRAMEWORKS
COST
D i v o r c e
L A T E T O P L A N E A R L Y
UNDERSPENTONPLANOVERSPENT
M y b l o g
K i d s C o l l e g e
Q u a n t i f y i n g
P i p e l i n e
M y H e a l t h
&
E x e r c i s e
U n w i n d i n g
o l d
i n v e s t m e n t s
N e g o t i a t i n g
w i t h
c r e d i t o r s
15. THE FLOW
MODEL:
What makes you happy?
FRAMEWORKS
BOREOUT
BURNOUT
On a graph like this write out 3 challenges you are facing and how you
feel about them (over-challenged or under-challenged). Delegate the
ones you lack the ability for to someone you trust and take on the
challenges that are suited for your skills to stay in THE FLOW.
Over-challenged
Under-challenged
16. PERSONAL
PERFORMANCE
MODEL:
How to recognize if you
should change your job or
role.
FRAMEWORKS
Have to: From 0-10 rate the extent to which your current tasks
are demanded of you/imposed onto you?
Want to: 0-10 rate the extent to which
your current tasks match your goals
Able to: 0-10 rate how current tasks
match your abilities
9
3
7
17. THE 6 HUMAN
NEEDS MODEL:
How to recognize the
dominant needs and
voids in others that drives
their behavior.
FRAMEWORKS
SPIRITUAL NEEDS
--------------------------SURVIVAL NEEDS-----------------------
18. An uninvited guest ruined
everyone’s existing 2020
plans but you can make
decisions and set a new
one that is viable.
PRIVACY
ü It’s time to get comfortable being
uncomfortable
ü Having a business continuity and personal
continuity plan in place is key
ü You must be willing to make decisions and the
frameworks will help you be more able to
make accurate and timely ones.
ü Assess your needs at present and focus on
you and your family/company not drowning
until you are able to contribute to others.
ü Engage and empower yourself with these
time-tested tools
ü Its all going to be ok J
19. RESOURCES:
BOOKS:
The Radical L.E.A.P ~ Steve Farber
The Fourth Turning ~ Neil Howe and William Strauss
The Watchman’s Rattle ~ Rebecca Costa
Awaken the Giant Within ~ Anthony Robbins
The Decision Book ~ Mikael K roger us & Roman Tschappeler
C O V I D - 1 9 D A S H B O A R D :
N c o v 2 0 1 9 . l i v e / d a t a
SPONSOR:
w w w. e m e r g e d . c o m
H O S T:
w w w. c h r i s j s n o o k . c o m