Organizational Decision Making

By: A Staff Writer

Updated on: Oct 22, 2024

Smart Choices = Success

Businesses run on decisions. Are you making good ones, especially as you grow?

• Data Over Gut Feeling: Especially for high-stakes choices, gather as much relevant info as possible.
• The ‘Pre-Mortem’: Before deciding, imagine it failed. What went wrong? Mitigates those risks now.
• Diverse Input Wins: Get perspectives from across the company to spot biases and blind spots.
• Small Bets, Big Learning: Pilot projects or A/B testing reduce the risk of disastrous decisions.
• Own Your Mistakes: Bad decisions happen. Fess up, correct, and learn from it to build trust.
• Process Protects You: For recurring decisions, have a framework to ensure consistency and efficiency.

Proactive, data-driven decision-making processes set you up for sustained growth.