We've all been there: we have a decision to make but can’t move forward for a variety of reasons. In a business setting, the repercussions of delayed decision making are more pronounced. Managers at a typical Fortune 500 company may waste more than 500,000 days a year—equivalent to about $250 million in annual wages—on ineffective decision making, write McKinsey’s Aaron de Smet, Gregor Jost, and Leigh Weiss.
Given the complexities of decision making within organizations, how can leaders optimize the decision-making process and put their time and money to better use? Read on to refine your decision-making framework, foster a more agile and responsive organizational culture, and lead more effectively in an increasingly complex business environment.
Three keys to faster, better decisions
Decision making in the age of urgency
Good decisions don’t have to be slow ones
To unlock better decision making, plan better meetings
Decision making in your organization: Cutting through the clutter
Untangling your organization’s decision making