Decision-making amidst uncertainty:
from the poker table to the supply chain
ON DEMAND WEBINAR
Duration: 1 hour
Today’s volatile climate demands rapid decision-making and agility. But traditional supply chains aren’t designed for speed and flexibility. Losses pile up amid new waves of disruption, yet most organizations stick to legacy strategies, processes and investments.
Why do we do the same things, but expect different outcomes? Because we’re all conditioned to believe that winners never quit. Unfortunately, that belief traps organizations and stops innovation in its tracks. As best-selling author and former professional poker player Annie Duke explains, “Success does not lie in sticking to things. It lies in picking the right thing to stick to and quitting the rest.”
Watch Annie and Flexe CEO Karl Siebrecht discuss embracing uncertainty, making better decisions and operating flexibly. In this session, learn:
- How loss aversion prevents recognizing and executing new supply chain opportunities
- How to calculate and compare expected value of logistics investments
- How the endowment effect and escalation of commitment make it difficult to abandon the status quo (traditional solutions)
- Tools to respond to forecasting errors
- And, what ants teach us about supply chain strategy
SPEAKERS
Co-founder & CEO
Flexe
Author, Professional Speaker, Decision Strategist, Former Professional Poker Player
