How Companies Can Make Better Decisions
Here is an interesting video from HBR that explores decision-effectiveness within companies. Marcia Blenko is a co-author of Decide and Deliver: Five Steps to Breakthrough Performance in Your Organization and she shares the framework of some concepts in the book in this video. In particular, there is a 4-point framework to measuring companies on decision-making skills:
- Quality decision making
- Quick/timely decision making
- Executing decisions
- Effort spent on decision-making and execution
Most of our course is about decision-making and it really is what separates the winners from the losers in the “real world.” Too many companies focus on decision-making as an afterthought or a necessary evil rather than an opportunity to excel. Setting up the corporate culture to foster strong decision-making and execution is important to long-term success. Many companies focus on “big decisions” but the cumulative effect of all of the daily decisions is probably a bigger place to focus and effectiveness in this area needs to “just happen” as the result of systems encouraging it.
http://blogs.hbr.org/video/2010/10/how-companies-can-make-better.html