Two decision-making models for tough challenges - Deepstash

Bite-sized knowledge

to upgrade

your career

Ideas from books, articles & podcasts.

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.

STASHED IN:

363

MORE IDEAS FROM THE SAME ARTICLE

Leaders should choose a decision-making model before moving into problem-solving.

  • 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 exp...

17 Reactions

Comment

MORE LIKE THIS

It's time to

READ

LIKE

A PRO!

Jump-start your

reading habits

, gather your

knowledge

,

remember what you read

and stay ahead of the crowd!

Takes just 5 minutes a day.


TRY THE DEEPSTASH APP

+2M Installs

4.7 App Score