Do you have a good decision process in your company? Are the right people involved in the decisions? Are decisions made in a timely manner?
Are good decisions being made? When many people answer these questions honestly they are pretty disappointed. I found that in many organizations:
One example of a particularly bad decision-making process was a company that had two ways to make a decision: 1) follow gut instinct or 2) make no decision at all. While there are times that you need to use instinct as part of your process, this company was relying too heavily on it, and it was costing them a lot of money.
As a result, they asked my company if there was a framework they could use to guide them through making their decisions. This is what we came up with.
For all decisions, 12 questions should be asked:
By using this list one can help avoid making major decisions without taking proper precautions. The list also helps balance risk, time and cost.
Howard Shore is a business growth expert who works with companies that want to maximize their growth potential by improving strategy, enhancing their knowledge, and improving motivation. To learn more about him or his firm please contact Howard Shore at [phone link=”true”] or firstname.lastname@example.org .