The ABCDs of categorizing decisions
- Big-bet decisions: infrequent and high-risk - from major acquisitions to game-changing capital investments;
- Cross-cutting decisions: frequent and high-risk - think pricing, sales, and operations planning processes or new-product launches;
- Delegated decisions: frequent and low-risk - routine elements of day-to-day management, typically in areas such as hiring, marketing, and purchasing;
- Ad hoc decisions: infrequent, low-stakes.
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"I think the next best thing to solving a problem is finding some humor in it." -Frank Howard Clark
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