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Decision-Making Best Practice 12 – Diverse, Redundant Data Sources

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StrategyDriven Decision Making ArticleData serves as the foundation of every decision. Combinations of data bits are logically joined to form the packets of information upon which decisions are made and actions taken. Without quality data, the probability of making the right decision is greatly diminished. Increasing data accuracy is subsequently paramount to improving decision quality.

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Decision-Making Best Practice 11 – Evaluate the Front Page Headline

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StrategyDriven Decision Making ArticleTransparency motivates. Transparency shapes. Transparency drives. Decisions made in full view of those who would provide critical judgment – shareholders, regulators, employees, and the public – provides a powerfully strong guiding force that demands decision-makers fully vet the business and ethical implications of each option and soundly support their ultimate selection. Not every decision can or should be made in the public view. However, every decision-maker can challenge their team and themselves with the question, How would this decision read as a New York Times front page headline?

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Decision-Making Best Practice 6 – Follow-up Assessments

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StrategyDriven Decision-Making Article | Follow-up AssessmentsDecisions, both large and small, define an organization, its culture, its direction, its public image, and ultimately its success or failure. Each decision and the process of making and executing on it provide all those involved with a new experience from which to draw upon when making future selections. Organizations, however, are living things; people come and go, memories fade, and circumstances change. Therefore, in order to fully benefit from the hard won and often expensive experience gained through decision-making, a mechanism must be in place to gather, assess, and then make available these lessons learned.

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New Whitepaper Release – Evaluating Decision Options

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StrategyDriven contributors are pleased to announce the release of our sixth whitepaper: Evaluating Decision Options.

Options and Tradeoffs…

Decision-making often involves trade-offs. Risk aversion suggests that all things being equal, decision-makers will select the option having the lowest risk. But because all things are never quite equal, decision-makers concede items they deem to be of lesser value to items they believe hold greater value with risk being one of the commodities considered.

Decisions involve a choice between two or more complex options. This complexity is a result of the multiple characteristics that define each option and will impact the probability of achieving a desired outcome. In making a selection, the decision-maker is attempting to choose the mix of characteristics that will most optimally achieve the desired result.

The StrategyDriven Evaluating Decision Options whitepaper provides decision-makers with a three step process to use when evaluating and selecting from several differing decision options. These steps are detailed with supporting principles and philosophy; helping users understand the reasoning behind each action.

The Decision-Making – Evaluating Decision Options, Strategic Planning – Analysis, Organizational Performance Measures – Alignment, Organizational Performance Measures – Types, Organizational Performance Measures – Selection, and Organizational Performance Measures – Construction whitepapers are available to Registered Members. If you have not already done so, please click here to register and join the conversation.

New Model Release – Decision Alignment Model

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StrategyDriven contributors are pleased to announce the release of our eighth model: Decision Alignment Model.

Credibility of the organization’s mission and values depends largely on management decisions that exemplify them. Maintaining credibility includes strong reinforcement of mission goals and organizational values when decisions are made that affect cost, production, and/or schedule.

Consistency between leadership’s decisions and the organization’s mission and values is vital in light of today’s growing production pressures. Whereas personnel attitudes and actions reflect those of their supervisors, all executives and managers must continuously reinforce their commitment to the organization’s mission and values, particularly through their decisions. It is only when personnel perceive management’s commitment as unwavering that their day-to-day decisions and activities will align with the organization’s overarching objectives.

The StrategyDriven Decision Alignment Model is an easy-to-use tool that helps leaders assess the consistency of their decisions with the organization’s mission including identification of outcome misalignment causes.