A three-day Purdue University seminar will help farm and agribusiness managers and company leaders make strategic decisions for their businesses in what have become turbulent economic times.
“Structuring Decisions: Innovating Through Turbulence” will be held Sept. 14-16 in West Lafayette, Ind. Attendees will develop a structured approach to making strategic decisions that help foster innovation and manage uncertainty.
The program also will focus on introducing and illustrating tools that allow participants to analyze problems at their own companies and in the industry.
Allan Gray, director of Purdue's Center for Food and Agricultural Business, and Mike Boehlje, Purdue Extension agricultural economist, will lead the program, which will highlight taking a more reasoned, systematic approach to decision making and mitigating downside risk, common psychological traps, capitalizing the value of time while minimizing the opportunity for appropriate choices, understanding how to frame multiple alternative futures and discovering techniques to maintain current business while driving future growth.
Source: Purdue University