Join Mike Figliuolo for an in-depth discussion in this video Downsizing, part of Executive Decision Making.
- One more example of executive decision-making gone right…relates to downsizing and layoffs.…I'm familiar with a health services provider…that had mulitple facilities in their network.…They were struggling financially.…Their only option was to close some facilities…and layoff a lot associates.…What they got right, in terms of…executive decision-making principles was, first,…a clearly defined decision-making body.…They said, "Here are the people…who are going to make this call.",…and it consists of the board of directors,…as well as several people from the operations.…
The second principle they applied was…they gathered extensive input from associates.…Next, they used the right tools.…They built several models to tell them…what the outcome of this decision could be,…both short-term and long-term.…Last, they were rigorous around their data.…They made sure they had the right information…from multiple sources so those models would be accurate.…What was great about about their process…was they considered the strategic implications…
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.
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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.