The Three Ways to Avoid Bad Decision Making

Key Takeaways

• A company's growth potential is directly proportional to the strength of its decision-making.
• The most innovative organizations are often the quickest and most efficient decision-makers.
• Slow decision-making usually results in slow-growth companies that lack innovation.

Actionable Insights

• Empower employees to make their own decisions.
• Embrace incorrect choices as part of the growth process.
• Ensure that everybody knows what type of decisions need to be escalated.

Leadership Challenge

• Assess your current decision-making processes. Are you empowering your team, or are decisions bottlenecking at the top?
• Identify areas where you can delegate decision-making to enhance speed and innovation.

Final Thought

In today's fast-paced world, time matters more than ever. The time it takes for a company to make decisions is time that is removed from actual progress.