Last week, we asked: How effective is your organization’s decision-making process?
- We’re great — we make fast and accurate decisions: 7.68%
- We’re OK — we could be faster and better though: 48.37%
- We’re weak — we’re slow and make some bad decisions: 29.58%
- We’re horrible — we take forever and make many bad calls: 14.38%
Make the call. Clearly, we have problems making decisions quickly and accurately. Almost half of you indicate weakness, slowness and inaccuracy in making decisions in your organization. To increase decision-making speed and reduce your risk along the way, start breaking those big decisions down into smaller ones and better defining who has decision-making authority. Until you do, your competitors will continue making decisions better and faster than you. There are a few key changes you can make to your decision-making process, such as breaking decisions down and improving accountability, that will improve your speed and accuracy before you know it.
Mike Figliuolo is managing director of thoughtLEADERS and author of “One Piece of Paper: The Simple Approach to Powerful, Personal Leadership.”