Making challenging decisions, especially in high-stakes situations, can be daunting. For military personnel during wartime, sound decisions can save lives. Similarly, in business, swift decisions can determine success or failure. Thrive Venture’s D-GASVAE model helps business owners make high-value decisions, formulate strategies, and implement them effectively. D-GASVAE is a systematic, seven-step process that incorporates elements of the Boyd Decision Making Cycle and the power of visualization. Visualization has proven effective in building championship teams and launching billion-dollar corporations.
D-GASVAE goes beyond decision-making; it also helps develop strategic plans and execute them. It promotes flexibility and adaptability over definitiveness. D-GASVAE is fluid and sustainable, tailored to any endeavor or problem. Recognize that there’s often no definitive correct decision; only the most suitable one in less-than-optimal circumstances. The seven elements of D-GASVAE will be presented in separate posts.
#3 Analyze
The data collected for the initial questions (steps one and two) will commence to provide a comprehensive understanding of the matter’s nature and objectives. In this step, you will conduct an analysis for the following key factors:
– Risks
– Benefits
– Alternative potential actions or courses of action
– Costs
– Time requirements
– Available resources
– Perceptions and attitudes
– Barriers to implementation
– Competitor strategies and influence
– Consequences of taking action or inaction
It’s common for decision-making processes to involve incomplete information or unanswered questions. However, the key lies in deducing these missing elements through intuition, which is the ability to rely on one’s gut feelings and instincts. This trait sets many leaders apart from their followers. Warren Buffett, despite not having a crystal ball, possesses a remarkable gift of insight and intuition, coupled with an exceptional ability for precise decision-making. So, analyze the limited data gathered in step two through an intuitive lens. Imagine interpreting the data that’s missing to understand the data that’s present. Think of the process similarly to solving a crossword puzzle, where you interpret the missing clues to understand the present ones.
Tyler de la Plaine, Founder and Principle Consultant
Thrive Venture Consulting — bringing people and ideas together.