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StrategyDriven Decision-Making Best Practice Article

Decision-Making Best Practice 19 – Identify the Decision Timeframe

Infinity clockEvery decision involves risk, with time underlying all mitigating factors. Some decisions occur too late, resulting in the forfeiture of a situational opportunity, competitive advantage, or adverse outcome avoidance.


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StrategyDriven Decision-Making Best Practice Article

Decision-Making Best Practice 18 – Dealing with Assumptions

All choices require the decision-maker to deal with a degree of uncertainty and ambiguity. Many times the information needed to make the highest quality decision simply does not exist, is unavailable to the decision-maker, or cannot be identified within the decision's needed timeframe.


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StrategyDriven Decision-Making Best Practice Article

Decision-Making Best Practice 17 – Informal Advisors

Decision-making always possesses an element of uncertainty. And as the complexity of a decision increases, so does the risk of miscommunication, execution error, unanticipated conditions, and unintended consequences.


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Decision-Making Best Practice 15 – Identify the Unintended Consequences

Decision makers select from an array of choices the course of action their organization will take; voiding several other possible alternatives. Since there is seldom a perfect solution option to resolve any particular issue, some aspects of the problem will remain unaddressed and/or some excessive action taken.


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The Transformative CEO

The Transformative CEO: Impact Lessons from Industry Game Changes

by Jeffrey J. Fox and Robert Reiss

About the Reference

The Transformative CEO by Jeffrey J. Fox and Robert Reiss identifies a number of common personal qualities and approaches taken by celebrity CEOs in building or turning around their companies. Jeffrey and Robert then breakdown these items into supporting subparts and provides a series of quotes from notable CEOs in support of each subpart.

Specific topics covered by The Transformative CEO include:

  • Turning around a company
  • Building superior customer service
  • Thinking big and going global
  • Performing while transforming
  • Having a higher purpose
  • Innovating and making everything better

Why You Should Not Buy This Book

StrategyDriven Contributors found The Transformative CEO to be shallow and largely uninsightful. While the book does provide some overarching characteristics and approaches of successful chief executives, we found many of these items to be common sense truisms, philosophies most junior managers and graduate level business students would stipulate. That renown CEOs agree with these premises serves to give them credibility but does little to suggest how the reader should implement the recommended approaches.

The book suggests actions to improve the management decision-making process. Surprisingly, these actions – the most valuable and explicit points made in the book – are largely unsupported by CEO comments.

Alternative Recommendation

StrategyDriven Contributors believe there are certain qualities, characteristics, and approaches common among successful CEOs. Furthermore, we believe CEOs set the tone and tenor of the organization over which they preside and so embodying these traits is important.

We recommend The Effective Executive: The Definitive Guide to Getting the Right Things Done by Peter F. Drucker as a superior resource for learning about the admirable qualities of an executive. Through his book, Dr. Drucker provides readers with the specific actionable steps necessary to become more effective as leaders through improved decision-making and action.

Click here to read our review of The Effective Executive.