ICV North-East Conference 2021 in Schwerin.
The traditional North Conference became the North-East Conference this year. This time, the working groups from the North Region joined forces with the working groups from the East Region on 17. and September 18, 2021 in Schwerin. Under the motto “Controlling northern Germany – in stormy seas”, there were interesting presentations, including one by Philipp Wicke on the topic of “The good decision as a goal”. The ICV Newcomer Award was also presented there.
Applied knowledge is power
Philipp Wicke’s presentation gave the audience a rough insight into the complex topic of decision-making. The criteria for selecting decisions are based on the principle that applied knowledge is power. A distinction is made between decisions with and without time pressure. There are no individual head or gut decisions. Cognitive decisions and intuitive decisions are related to each other. Particularly in the case of unknown risks (VUCA), good decisions require intuition and the application of rules of thumb, so-called heuristics. Intuition is felt knowledge that suddenly appears in our consciousness and is strong enough to act on. When harmonized, a coherent world view emerges. Cognitive biases limit the quality of intuitive decisions, e.g. loss aversion or the anchor effect. The participating controllers received important tips for decision-making situations from Philipp Wicke.
All-round successful symposium
On the evening before the event, the ICV invited guests to an exciting tour of the beautiful city of Schwerin. The landmark is Schwerin Castle. The walk ended with culinary delights in the castle’s orangery.
The following day, Matthias Wolfskeil, ICV Delegate for Germany Region North, and Dieter Meyer, Delegate for Region East, welcomed their guests to the venue. The theme of the symposium was “Controlling northern Germany – in stormy seas”. With this in mind, the two emphasized that an uncertain future business disrupts forecasts and makes higher demands, in the sense of increased course changes. The transformation process requires controllers to successfully provide orientation and stay on course.
The good decision as a goal – Philipp Wicke in an interview
The ICV symposium was accompanied by Peter Bluhm from Atvisio. Atvisio’s podcasts are known for business intelligence and performance management. The insider tip for all controllers and CFOs who want to be even more successful. In Schwerin, Peter Bluhm interviewed the speakers that day in his mobile recording studio.
In the Performance Manager Podcast, Philipp Wicke and Peter Bluhm talk about how intuition can be used even more effectively for decision-making with the help of heuristics. You will receive impulses and valuable tips for your decision-making situations.
This was the CIB 2019 event in Berlin.
See also the interview “Smarter and simpler decisions” with Philipp Wicke and Peter Bluhm at CIB Controlling Inspiration 2019 in Berlin. There you will learn how to avoid thinking traps and get an overview of the tools and instruments that help in practice.
To the podcast “Smarter and simpler decisions”
