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We don’t think about every decision we make. Some decisions are easy and intuitive, others can be riddled with doubt. In a business setting, decision-making is often crucial, and with that comes pressure to ensure we’re making the right decisions in the best way possible. We can often accompany decision-making with context, providing a narrative for how we might approach a decision, citing what data and insights have had significant input into our choices. But how do we approach storytelling and decision-making to breed success? There’s probably no better person to guide us through the ins and outs of decision-making than the co-author of Business Storytelling For Dummies. Lori L. Silverman is the owner of Partners for Progress, a management consulting firm. As a business strategist, she has consulted with organizations in fifteen industries including financial services, insurance, manufacturing and petroleum companies, government entities, and professional associations. As a keynote speaker, Lori has positively impacted the lives of thousands of people. She has appeared on over fifty radio and television shows to speak about using stories in the workplace and is the co-author of Critical SHIFT and Stories Trainers Tell.  She’s a pioneer in the business storytelling field, author of five books, and is known worldwide for her work in collaborative data-informed decision-making. In the episode, Richie and Lori cover common problems in business decision-making, connecting decision-making to business processes, analytics and decision-making, integrating data practitioners and decision-makers, the role of data visualization and narrative storytelling, the SMARTER decision-making methodology, the importance of intuition, challenges faced when applying decision-making methodologies and much more.  Links Mentioned in the Show Business Storytelling For Dummies by Karen Dietz and Lori SilvermanConnect with Lori on LinkedinLevel Up with LoriBooks by LoriThe SMARTER Framework for Data-Informed Decision MakingMonetizing Data Through Informed, Collaborative Decision MakingThe Increasingly Vital Role of Business Storytelling in LeadershipPre-Suasion: A Revolutionary Way to Influence and Persuade by Robert Cialdini[Skill Track] Data Storytelling

Robert Dietz, Chief Economist of the National Association of Home Builders, joins Mark Zandi, Marisa DiNatale, and Cristian deRitis to discuss the outlook for mortgage rates, home sales, and construction activity.  The team delves into the immigration and demographic trends affecting housing demand along with the 5 L's (Laws, Labor, Land, Lending, and Lumber) limiting homebuilding today.  Rob's quoting of Tolstoy catches everyone off guard while the wide-ranging discussion made it difficult for the team to come up with a clever podcast title so we took a cue from Friends.   Follow Mark Zandi @MarkZandi, Cris deRitis @MiddleWayEcon, and Marisa DiNatale on LinkedIn for additional insight.

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