Join Mike Figliuolo for an in-depth discussion in this video Accountability and transparency, part of Executive Decision Making.
- Executive decisions don't always go well.…And people need to be held accountable…for the decisions they make.…This is hard to do for those long term decisions.…It's important to have short term…and medium term metrics…to be able to assess how people are performing…with those longer term decisions.…Tie compensation directly to…the decisions people make.…Incentive should relate to milestones…and interim metrics, because not holding people accountable…to those interim metrics lets them make…bad long term decisions, without any consequences.…
Be transparent with the organization…when you take action, because somebody…made a good or bad decision.…If someone is relieved of their role…because they made a decision-making mistake,…be courageous enough to say so.…Don't be mean, but highlight that you…have a culture of accountability.…For more information on creating…that culture of accountability,…see my Lynda.com course…on creating that culture of accountability.…
One example I'm familiar with was,…the C.O.O. was fired for poor decision-making.…
Mike helps you find the data and tools to support your decision, make the call, communicate decisions effectively, and lead your organization through the change. He'll also address common problems that arise from these high-profile decisions: cultural differences, quality of information, trust, and accountability, to name a few.
Lynda.com is a PMI Registered Education Provider. This course qualifies for professional development units (PDUs). To view the activity and PDU details for this course, click here.
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- Explore methods for communicating more effectively.
- Review decision-making styles to find the best one for you.
- Recognize the right time to declare success.
- Recall how an understanding of inherent biases can help you get the right data.
- Review methods for building trust.
- Explore how to make the right call while assessing risks.