From the course: Creating a Culture of Strategy Execution
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Breaking free from analysis paralysis
From the course: Creating a Culture of Strategy Execution
Breaking free from analysis paralysis
- Many times I've heard it said that perfect is the enemy of done. A big barrier to executing initiatives is analysis paralysis. The team gets bogged down on proving their cases 100% accurate and risk-free before they act. That slows down execution and leads to missed opportunities. By understanding the risks you face and making appropriate trade-offs between timeliness and accuracy effects, you can speed up execution and break through analysis paralysis. A few tips for breaking free from analysis paralysis that I like to offer are first, be clear up front about what analysis is required versus what analysis is interesting. If you know the analysis is a must-do, obviously get it done. If it's just interesting but it won't change the answer, you shouldn't be doing that analysis. Next, have a clear hypothesis and make a decision once you've proven it. If you disprove it, go back with a different idea. Recognize decisions aren't irrevocable. You can change your mind! If you make a…
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