Talking Point

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Is your approach to decision making holding your organisation back?

The world’s most successful executives are the ones that make the boldest decisions with less risk and better outcomes. The OR Society’s Gordon Johnson explains below how O.R. can help you to do the same.

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We all have to make decisions based on ‘gut-feel’ sometimes but it’s best to avoid making too many decisions based on ‘gut-feel’ alone. Executives in every kind of organisation – large and small, private and public, for-profit and not-for-profit – are using O.R. to structure their problems, unlock the value in their data, model complex systems and make better decisions with less risk.

Whether O.R. is used to inform high-level strategy or improve day-to-day operations, the results speak for themselves: Insight into difficult problems; improved processes, productivity and performance; millions in cost savings and increased revenues; accurate predictions and forecasts…and so on.

What can you do?

Solving problems associated with determining the most effective strategy for a business is very complex. You may need expert help.

O.R. professionals are skilled in determining and deploying the most appropriate analytical tools, have the capability of understanding the broad business implications of their work and can communicate their findings clearly and cogently.

When considering any particular business problem, O.R. practitioners can determine the most beneficial inputs into models as well as analyse and use the outputs. They have the ability to select relevant data and information to structure the most appropriate inputs to build models. They are also skilled in knowing what to leave out of models so making them less complex and easier to understand and use whilst still giving the appropriate level of insight.

Practitioners are attached to the OR Society in the UK and more information can be obtained by getting in touch with The Society.

Gordon Johnson

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