Software helps evaluate business decisions.November 3, 2008 -
Designed for corporate executives, bCisive(TM) helps simplify, track, and convey thinking behind key business decisions. With intuitive interface and hierarchical structure, program enables executives to map out options, weigh pros and cons, identify critical assumptions, and share logic for decisions with others. Software also provides permanent records of thinking behind key decisions for audits, corporate governance, and compliance initiatives.
(Archive News Story - Products mentioned in this Archive News Story may or may not be available from the manufacturer.)
Original Press release
Austhink Software
Level 9, 255 Bourke Street
Melbourne, , 3000
Australia
Austhink Announces Critical Thinking Software for Corporate Executives
bCisive(TM) Designed to Help Evaluate Business Decisions and Path Forward; Brings Certainty during Uncertain Economic Times
SAN FRANCISCO, Oct. 22 /- Austhink, the leading provider of critical thinking software, today announced bCisive(TM) for corporate executives, the industry's first and only decision mapping solution designed to simplify, track and convey the thinking behind key business decisions. According to a recent Economist survey, 70% of senior managers rate their decision making process as "moderately efficient or worse," and 25% of executives feel that management frequently, or always gets its decisions wrong. bCisive(TM) provides the "safety net" business executives need to think through and evaluate decisions that can lead to the success or failure of a company.
Developed initially for the academic world and then brought to intelligence agencies around the world, Austhink is applying the same critical thinking principles to solve the acute pains afflicting the corporate community. With its intuitive interface and hierarchical structure that fits the way we naturally make decisions, executives easily map out options, weigh pros and cons, identify critical assumptions, and share the logic for those decisions with others such as company staff, executive teams and Board members. The software also provides permanent records of the thinking behind key decisions for audits, corporate governance and compliance initiatives.
"There has historically been a major problem with the way corporate decisions are made and we are seeing it in spades now with the downfall of many of America's largest companies," said Henry Okraglik, CEO of Austhink. "We gathered a top-notch team of cognitive scientists, including founder Dr. Tim van Gelder, to design bCisive(TM) with this problem in mind and to once and for all give corporate decision makers the tool they need in order make successful decisions from here on out."
"With corporate decision making under a microscope, we're helping executives make better decisions as they evaluate the best path for running their business, a particularly scary and uncertain exercise in light of the financial crisis," said founder, Tim van Gelder. "Major corporate decisions such as how and when to undergo corporate restructuring or when and why a merger or acquisition makes sense must be grounded in logic and evaluated on many dimensions. With many of America's corporate giants struggling to stay afloat, companies are fearful of making or repeating mistakes and we give them the peace of mind that their decisions are well thought out, supported by others and ultimately sound and logical."
bCisive(TM) is the creation of cognitive scientist and fellow at University of Melbourne, Tim van Gelder, who was able to dramatically increase the critical thinking skills of his elite undergraduate students. In fact, van Gelder's students saw an improvement of .8 of a standard deviation, the equivalent of 12 IQ points on average over the course of a semester as a result of using his methods. Dr. van Gelder now focuses on bringing similar results to the business community helping users work smarter and make better decisions.
"The most important value that an executive can bring to his or her company is the ability to influence and make decisions that are good for the organization," explained Bill Welter of Adaptive Strategies, Inc. "Since bCisive(TM) facilitates the decision making process and helps executives clearly and effectively illustrate their decision to others, it is the ideal tool for maximizing impact within an organization."
A Must-Have for Today's Corporate Decision Makers
Whether thinking about entering a new market, considering a merger or acquisition, deliberating over corporate restructuring options, evaluating brand or product management decisions or just struggling over a path forward, bCisive(TM) is the tool corporate executives need for the best possible decision. Capturing all the relevant information involved with making a major corporate decision in one place, bCisive(TM) can be used as a platform for live debate and discussion, creating a fast track to improving the strategic thinking, analysis and decision making capabilities of the entire organization.
bCisive(TM) is best suited for business executives who need to:
-- Evaluate and organize the deliberations around of major strategic decisions leading to a final "yes" or "no" decision
-- Capture and consolidate information from a range of stakeholders across the organization
-- Prepare presentations for the purpose of persuading others
-- Communicate and justify decisions
-- Build consensus and maximize buy-in
-- Provide an audit trail of decision-making for corporate governance regulations
-- Bring transparency and accountability to the decision-making process
"Whether I'm helping a Fortune 500 company analyze a merger and acquisition or guiding a small business through a strategic plan, bCisive(TM) is equally helpful to get everyone to agree and weigh-in on a final decision," says Peter Eppel, owner of Remsen Strategy Consulting Group. "Useful in any industry, bCisive(TM) gets everyone on board around a decision, increasing consensus and easing implementation."
bCisive(TM) is available immediately for the price of $349 with discounts available for bulk purchases. For additional information visit http://bcisive.austhink.com/purchase.
About Austhink:
Austhink provides critical thinking solutions for both the enterprise and education. Founded by cognitive scientist, Dr. Tim van Gelder, Austhink's software applies insights from cognitive science to enhance thinking and decision making capacities. Its Rationale product is used by major universities, such as New York Law School, San Francisco State University and the University of Melbourne. Austhink's enterprise software, bCisive(TM), is the first and only solution on the market that directly supports the informal deliberative processes underlying most business decision making. For more information, visit http://bcisive.austhink.com/.
CONTACT: Sales Inquiries, Don Ice of Austhink Software, +1-206-619-7586, don@austhink.com
Web site: http://www.austhink.com/
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