Before Making Decisions, Decide How to Decide
Curated from: forbes.com
Ideas, facts & insights covering these topics:
4 ideas
·8.26K reads
20
Explore the World's Best Ideas
Join today and uncover 100+ curated journeys from 50+ topics. Unlock access to our mobile app with extensive features.
"Two roads diverged in a yellow wood, and sorry I could not travel both…I took the one less traveled by, and that has made all the difference."
ROBERT FROST
519
3.54K reads
Deciding how to make good choices
Leaders should choose a decision-making model before moving into problem-solving.
Good choices at defining moments on important matters make all the difference for people, organizations, and societies. Every time you are in front of a defining and complex problem, you have a pivotal choice to make in how to find solutions and execute decisions.
367
1.99K reads
Two decision-making models for tough challenges
- The hub-and-spoke decision-making model. It's likely you don't have enough experience, brainpower, or time to succeed. The way forward is using a small group of elite talent, traditional experts, or a consulting team and having them set the course. This model uses interviews and read-outs to provide all the information and perspectives required to draw solutions. The process can take a long period of time.
- Many-to-many decision-making model. You are engaging the talent in and around your organization. Whatever they are missing can readily be filled by external experts. The way to proceed is to ensure interactions between many specialized people in ways that combine their knowledge and talent to create unique recommendations. This model generates a high-volume of high-quality conversations. Speed to execution and change is the norm.
355
1.48K reads
Applying the Many-to-Many decision-making model
- Frame the challenge or problem as a question. "What must we do now to become number one in commercial lending?"
- Carefully consider all the people who can meaningfully answer the question and involve many who will need to execute them.
- Don't tell people what to explore in answering the question. Let them decide what they need to discuss to arrive at solutions. Spend ten percent together in collectively setting the agenda.
- Appoint a few people to each agenda item, and a few to coach them on doing better.
- Conduct two or three rounds of meetings on each agenda item. Intentionally build on insights, ideas, and conclusions in follow-up meetings.
341
1.24K reads
IDEAS CURATED BY
"If you want to build a ship, don’t drum up the men to gather wood, divide the work and give orders. Instead, teach them to yearn for the vast and endless sea." - The little Prince
Nicole N.'s ideas are part of this journey:
Learn more about moneyandinvestments with this collection
Identifying and eliminating unnecessary expenses
How to negotiate better deals
Understanding the importance of saving
Related collections
Similar ideas
10 ideas
3 ideas
16 ideas
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates