Join Todd Dewett for an in-depth discussion in this video Rapid-decision-making challenges, part of Managing for Results.
- I'd like to try and put rapid…decision making into perspective a bit more.…Moving fast is your goal, but not for every single decision.…First, there are aspects of the decision you face…that help you determine whether you should go…a little slower or more rapidly, things such as…how urgent the decision is and how costly…it will be if your decision isn't very effective.…But in addition, there are contextual considerations.…As a professional, every one of you operates in a different…context, different colleagues, different products,…different bosses, different company histories and so on.…
All of this together creates what we often call your…organizational culture, your typical way of doing things.…As a decision maker, you'll sometimes want to show…strict respect for how decisions are made…within your particular culture.…Other times, you'll want to take the risks…associated with doing what you feel is right,…even if it deviates from the norms where you work.…When I think about decision-making norms,…three issues in particular immediately come to mind.…
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- Identify multiple strategies for managing with results in mind.
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- Recognize the key factors in building a transparent meritocracy.
- Identify methods for tuning and optimizing management processes to improve efficiency.
- Review the challenges of rapid decision making.
- List the essential elements of a post-hoc analysis.