The chapter explores the distinctions between messes, problems, and puzzles in decision-making processes, highlighting the complexities of defining questions in various scenarios. It also touches on problem-solving strategies like scenarios and real options, as well as critiques the emphasis on short-term gains in corporate decision-making.
Gerald Ashley is the Co-founder and Managing Director of St Mawgan & Co, a London-based strategy and risk consulting agency.
In today’s episode, Gerald explores the difference between risk and uncertainty, the challenges of managing them in the financial world, and how it can be powerful to split issues into either puzzles, problems, or messes.
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This show is produced in collaboration with Wavelength Creative. Visit wavelengthcreative.com for more information.