Five Key Elements for Better Decision Making

In the face of rapidly-evolving business environments, the ability to make smart decisions quickly is one of a company’s greatest assets-yet the importance of decision making as an organizational competency is undervalued.
A 2019 McKinsey survey found that just 20% of respondents say their organizations excel at decision making. A poll one year later by Gallup echoed those results, with just 24% of U.S. managers strongly agreeing their peers make well-thought-out decisions.
While some organizations have taken comprehensive steps to improve decision quality, most do not yet treat decision making the way they do other competencies.
📹 Watch this video to learn the five key elements to consider before addressing decision quality.
📕 Read our paper, "Who Is Really Making the Decisions in Your Organization-and How?" - s.hbr.org/3hdv3tT
#DecisionMaking #LeadershipDevelopment

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This is for elements for choices.