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PARTICIPANT MATERIAL
- Great Decision! Handbook.
Very readable explanation of the process of making great
decisions.
- Great Decision Plastic
Wallet card. Easy to use reminder of the simple
process for consistently making high quality decisions.
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The team experience about strategic
thinking, risk taking and decision-making in times of change
and uncertainty.
This swashbuckling adventure simulation puts you back into
the early 1700's in the role of a pirate searching for the
hidden treasure on a mysterious island known as Oak. The Lost
Treasure of Oak Island simulation (props & costuming included)
will put people inside the real-life pirate mystery of Oak
Island. They will not have enough information, time, money
or resources (just like the work place.) Participants will
have to make decisions and face 'dangerous' outcomes! The
experiential process will reveal many ingrained decision making
habits. The debriefing will focus on using this self-knowledge
to improve the use of limited resources and information to
make better decisions around resource allocation, measuring
risk and reward, and choosing among competing alternatives.
The ghost of Captain Kidd challenges you at every turn.
OBJECTIVES
The objective of the simulation is to deliver a flexible tool
that will provide a view of decision making that can be
applied to, and used within, a variety of specific working
areas. The benefits of teaching decision making and risk taking/managing
are the following:
- More aligned efforts with vision and mission of department;
- Better focus and use of limited company resources such
as time and money;
- More aligned efforts on projects and tasks of strategic
importance to the department;
- Better selection of short versus long term thinking in
framing project scope;
- Accelerated leverage of the existing materials, knowledge
and expertise inside the department;
- Faster decisions that are more thoroughly thought out;
- Productivity and quality increases.
LEARNING OUTCOMES
By the end of the simulation/workshop the participants will
have:
- Understood the fundamental principles of decision making;
- Reviewed the results of their own decisions in the simulation
and
- Understood a number of psychological traps that many people
consistently fall into;
- Reviewed a specific process for making decisions that
optimizes time, information and resources;
1. Work on the right decision problem.
2. Specify your objectives.
3. Create imaginative alternatives
4. Understand the consequences.
5. Grapple with the tradeoffs.
6. Clarify your uncertainties.
7. Think hard about risk tolerance.
8. Consider linked decisions.
Background on the real life research
behind the mystery of The Lost Treasure of Oak Island
The simulation uses props and costumes in recreating this time
and uses the real story behind Oak Island to set the scene.
Captain Kidd and other notorious pirates sailed the waters around
Oak Island, Nova Scotia in the late 1600's and early 1700's.
Around this time someone created an elaborate underground system
to hide treasure under Oak Island. No one is sure who built
this intricate labyrinth. It consists of shafts and tunnels
that are rigged to flood at different levels if disturbed; an
entire false beach to hide the in-flow to the tunnels; elaborate
markings using rocks and trees, and coded messages etched in
rocks found 80 feet below the surface. U.S. President Teddy
Roosevelt and many other treasure-hunting parties have searched
for the treasure over the years, some losing their lives in
the process. The real mystery and various treasure-hunting efforts
continue to this day.
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