Decision Tree Template
Explore, plan and predict several possible outcomes to your decisions.
About the Decision Tree Template
The decision tree template, also known as a decision tree diagram, helps teams better outline potential outcomes and choices before committing to a decision.
Starting with a central topic, a decision tree links words and boxes to show two options and the outcome of your decision-making. The shape of the tree represents the final outcome if the line of decisions was followed. The decision tree template can be used to strategically assess the decision-making process and possible outcomes before investing time and money in a decision.
What is a decision tree?
A decision tree is a flowchart that is used to walk through all possible decisions that can be made and the outcomes of those decisions. Each “branch” represents a choice that’s available while making a decision.
Decision trees are infinitely scalable and driven by cause and effect. You can extend a branch when an outcome leads to another course of action, and then extend that branch, and so on.
A decision tree template can be useful in assessing options and their outcomes before committing to a solution, so that you can ultimately make the best decision with the least downside and the most upside. It provides a stylized world in which you can play out a series of decisions and see where they lead, rather than committing real-world time and resources unnecessarily.
Why are decision trees important?
The decision tree template is a powerful tool. You and your team can use it to predict or to describe. In either case, decision trees allow you to visualize outcomes and play through scenarios without investing actual resources.
Startups and smaller companies might find decision trees especially valuable since resources are tight and it can be difficult to get financial buy-in. Enterprise and larger companies can use decision trees to test-drive options before presenting them to a broader team or a busy stakeholder.
Use decision trees to figure out whether a new product is viable, a new market opportunity has opened up, or to examine possible investments. The options are endless, and the tool is malleable. The only limit is your creativity.
How to create a decision tree in 6 steps
Step 1: Define your question. Begin your decision tree template with a central theme or question you are trying to answer. For example, which company should we partner with?
Step 2: Add branches. Imagine a few possible choices you could make. In this example, you could partner with Company A or Company B. For each of these alternatives, draw a line that begins at a node and ends at a leaf node.
Step 3: Add leaves. Add a leaf node at the end of each branch. Label the leaf nodes with a question or choice. At each step, think about your alternatives as “if then” statements.
If you partner with Company A, then what will happen? One option is that you might increase your total number of customers, because people have strong positive feelings toward Company A. The other option is that you might decrease your total number of customers, because people have strong negative feelings toward Company A.
Repeat this exercise for Company B. Again, conceptualize your leaves and nodes as “if then” statements.
Step 4: Add more branches. Keep building your decision tree using branches and leaves. Be careful to label your branches and leaves to stay on track.
Step 5: Terminate branches. Make sure you’ve answered every question in the tree. That means you should have worked through all “if then” statements you’ve encountered. Complete your branches.
Step 6: Double check with stakeholders. When your decision tree is finished, take this opportunity to make sure all your stakeholders are on board. Remember, the decision tree template is designed to emulate the real-world ramifications of your decisions. Use the tree to talk through every possible choice, figure out alternatives, and build out additional branches as needed.
How can I make a decision tree?
Using a decision tree template, you can easily add and connect branches and leaves to map out each possible outcome. To stay organized, decision trees should begin with a central theme or question you are trying to answer. Use a linking word and a line to outline the two options for this decision. Show the possible outcome with another box if that decision is going to be made. Continue this branching structure until you reach the final result of the series of decisions to address the initial problem.
What is a good decision tree?
A good decision tree makes the process of decision-making easier to visualize and assess. By laying out the problems clearly, you can see the possible consequences of each decision. You can get started today with Miro’s free decision tree template -- it’s easy to use and adapt.
Team Meeting Agenda
Making the time for your team is important to help you to make decisions, align on priorities, and move in the same direction together. Team meeting agendas help add a schedule and structure to your allocated time slot when you need to share information and collaborate with your team. They also allow your team to agree on goals, talking points, action items, and who will lead the next steps. Uninterrupted team meeting time with an agenda can help your team review progress against OKRs, share updates, discuss roadblocks, and brainstorm ideas.
Visual Story Map
Some people like to think of a visual story map as a stylized to-do list, but it’s a lot more powerful than that. Visual story mapping allows your product management team to visualize multiple dimensions of information. In doing so, you can identify how these parts will come together to create a successful whole. Use the visual story map template to make sure your product managers are aligned and to create a single source of truth about your projects.
Growing organizations have countless to-do’s and only so many hours in a day (or weeks before a big launch) to get them done. That’s where an impact effort matrix comes in. It gives you a quick visual guide to help prioritize your tasks and know exactly what’s worth doing. Using our template, you can create a matrix that organizes your activities into four main categories: quick wins that are low effort, effort-intensive projects that provide long-term returns, fill-ins that are low effort but low value, and time-wasters.
Market Segmentation Matrix
Successful, compelling marketing begins and ends with knowing your audience — who they are, where they are, and what they want and expect. A market segmentation matrix will help you understand them on a deeper level. This business tool divides your target market into subsets based on demographics, geography, needs, interests, psychographics, or behavioral characteristics. You can then use these insights and data to hit it out of the park, by building better product, sales, and marketing strategies. Our template lets you set up and populate a Market Segmentation Matrix with ease.
Social Media Calendar
Most businesses have a social media presence, but many of them aren’t using social media as a competitive differentiator. The Social Media Calendar template allows you to plan, schedule, and craft posts for LinkedIn, Twitter, Facebook, Instagram, and Pinterest, so you can leverage social media as a strategic tool to promote your brand. Use the Social Media Calendar template to plan out your social content a week, month, or quarter in advance. Collaborate with the marketing team, prepare for product launches and major initiatives, and share draft social posts.
Why create an action plan? Long-term business strategies and goals are only good if you can make them a reality—by accomplishing every small task along the way. An action plan lists those tasks and lays them out in clear detail. It helps you keep everything in order, make sure nothing is missed, and get stakeholders on the same page to complete a project quickly and effectively. This template will help you write an action plan that’s SMART: Specific, Measurable, Actionable, Realistic, and Time-bound.