Insights and inspiration from experts at an exclusive event in Marchtrenk
On May 24, 2023, our exclusive event “The Future of Decision Making” took place in a cozy atmosphere. Under the episode HOT DECISIONS we welcomed our guests at Weber Grill in Marchtrenk. We were able to present exciting and informative content to a small group of participants. The event offered our guests the opportunity to gain valuable insights into the decision-making process.
In-depth insights into the decision-making process
The event began with two inspiring keynote speeches from our experts in the field of decision making, Harald Straßmair and Philipp Wicke, both Managing Directors of TD Trusted Decisions GmbH. Philipp Wicke gave a captivating talk entitled “Decision Making”, which offered profound insights into the complex nature of decision-making. He highlighted various aspects and approaches when choosing solutions and emphasized the immense importance of well-founded decisions for business success.
In his presentation, Philipp Wicke went into particular detail about the scientific findings that help us to understand how decisions are made both in the rational mind and in the “gut feeling”. He explained that decisions are not based solely on facts and logic, but are also influenced by emotions, intuition and experience. This exciting insight made it clear that it is crucial for effective decision-making to incorporate both rational considerations and intuition and to find a balance.
In his presentation, Philipp Wicke also uncovered common misconceptions associated with decision-making. He explained how cognitive biases can influence our judgment and how to recognize and avoid these pitfalls. By becoming aware of such errors, our participants gained an insight into how they can optimize their decision-making processes and make well-founded, objective decisions.
The detailed analysis of decision-making in the presentation provided the participants with valuable insights and perspectives. The combination of scientific findings and practice-oriented examples provided a well-founded and at the same time practical insight into the complexity of decision-making processes.
Innovative approach to supporting the digitalization of processes
Harald Straßmair gave a fascinating presentation entitled “The right approach“. With practical examples and helpful tips, he provided the participants with valuable strategies for effective decision-making.
In his presentation, Harald Straßmair emphasized TD Trusted Decisions GmbH’s innovative approach to supporting its customers in the decision-making process. Instead of taking the traditional route of analyzing data, planning, reporting and sharing it with departments, the company is pursuing a different approach. Their approach starts with a specific department in which all employees can contribute their expertise and experience. Supported by the method known as the “K-i-E method”, it is possible to include all relevant approaches and perspectives of the employees.
By relying first on the expertise and experience of its employees, TD Trusted Decisions GmbH creates a solid foundation for its customers’ decision-making process. Once everyone involved is on board and their approaches have been taken into account, TD continues on the path to the data analysis process together with the customer. This approach offers customers numerous advantages in the digitalization of processes.
By involving employees at this departmental level, this approach enables a bottom-up approach. It ensures that decisions are based on a broad range of specialist knowledge and experience through a guided commitment process. This not only promotes employee commitment and motivation, but also leads to well-founded and practice-oriented decisions that meet the challenges of digital transformation. This innovative approach supports the digitalization of processes and provides customers with a solid foundation for their business challenges.
The practical examples and helpful tips presented by Harald Straßmair during his talk provided the participants with valuable knowledge and suggestions for their own decision-making processes. The combination of an innovative approach and in-depth expertise ensured that participants were inspired to break new ground in decision-making.
A success story from Petschl Transporte GmbH
Another highlight of the afternoon was the inspiring success story shared by a valued customer. Helmut Füßlberger, Commercial Director of Petschl Transporte GmbH based in Perg, was in the spotlight and presented his contribution on the topic of “Data-based decisions”. This insight into the customer’s experience impressively illustrated the possibilities and advantages of a data-supported approach to decision-making processes and gave the participants food for thought.
During his presentation, Helmut Füßlberger described his company’s journey to success in collaboration with TD Trusted Decisions GmbH. He emphasized his company’s satisfaction with the results achieved and that some successful processes have already been implemented. A key part of this collaboration was the implementation of data sourcing and a single point of truth to ensure that the right data was available at the right time.
Helmut Füßlberger also explained the importance of data analysis in order to gain the relevant insights from the information collected. In close cooperation with TD Trusted Decisions, an integrated planning and reporting solution based on the Corporate Planner software was successfully implemented. This made it possible to implement a multi-level contribution calculation with an effective system of key figures, which provided the company with valuable insights into its business processes and performance.
Helmut Füßlberger closed his presentation with this conclusion: “In my view, there is no end to such projects for data-based decisions. The world keeps on turning…” This statement illustrated the ongoing nature of data-based decision-making processes and the continuous development required to meet the constantly changing requirements.
The success story of Helmut Füßlberger and Petschl Transporte GmbH impressively illustrated how close cooperation with TD Trusted Decisions GmbH can lead to sustainable changes and business success. The implementation of a data-supported decision-making culture enabled the company to make well-founded and forward-looking decisions and to adapt effectively to the challenges of the dynamic business environment.
Panel discussion to share knowledge and experience
The concluding panel discussion offered participants the opportunity to enter into an interactive dialog directly with the speakers. One of the central questions that arose concerned the topic of “transparency”. The participants in the discussion explored how transparency can be promoted in decision-making processes and what influence it has on the effectiveness and traceability of decisions. The speakers emphasized that transparency is not possible without honest communication within the company. Transparent decision-making creates trust and strengthens long-term relationships.
Another important point of discussion was the TD method with the reverse approach, which was presented earlier in the presentations. The participants had the opportunity to gain further insights into this innovative approach and to clarify open questions. Various aspects of the method were discussed, such as the challenges involved in implementation, the added value for employees and the impact on corporate culture. The experts explained that the reverse approach requires a new way of thinking in which employees are actively involved in the decision-making process and their perspectives and expertise are valued.
The panel discussion provided participants with a valuable opportunity to delve deeper into the topics presented and gain a deeper insight into the TD method and its possible applications. The discussion encouraged dialog and exchange between the participants and helped to deepen understanding of the future of decision-making.
A feast for the belly
The barbecue course at the end of the day was a source of enthusiasm and lots of fun for the participants. Delicious dishes were prepared together and everyone was amazed at the grilling skills of the experienced grill master Semir from Weber Grill. It was a pleasure to see how enthusiastic the participants were and what varied and delicious dishes can be achieved with the right barbecue. In addition to the culinary experience, Semir and Christian from Weber Grill ensured that the barbecue course was an unforgettable and cheerful conclusion to the event with their humorous and entertaining manner. In addition to the professional exchange, our guests had the opportunity to get to know each other better in a relaxed atmosphere and make valuable contacts.
A complete success
The event on “The future of decision-making” at Weber Grill was a complete success. We are grateful for the positive feedback from our participants and are pleased that we were able to offer them informative and inspiring content. We are convinced that the knowledge gained and the networks created will support our interested parties on their way to successful decisions.
