When push comes to shove, why do businesses fail? Two words: Bad decisions. N2Growth discusses the danger of bad decisions, and how to make good ones. The post reminds us that decision making is a processes, and with the right process, one can make a good decision in even the toughest situation. Here’s an example of two of the steps that should go into your process:
- Perform a Situation Analysis: What is motivating the need for a decision? What would happen if no decision is made? Who will the decision impact (both directly and indirectly)? What data, analytics, research, or supporting information do you have to validate the inclinations driving your decision?
- Subject your Decision to Public Scrutiny: There are no private decisions. Sooner or later the details surrounding any decision will likely come out. If your decision were printed on the front page of the newspaper how would you feel? What would your family think of your decision? How would your shareholders and employees feel about your decision? Have you sought counsel and/or feedback before making your decision?
Full story on N2Growth.
Top news for leaders.
Photo credit: Fotolia
Source: http://holykaw.alltop.com/how-to-make-good-decisions
computer magazines computer security news slash dot linux news
No comments:
Post a Comment