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The Five Elements for Solid Decision Making

Posted on September 27, 2007 by Kevin G.

I came across a great blog article that reviewed a study of 154 C-Level executives and their perceptions of how they make decisions.  The outlook is mixed at best.  Many managers and executives feel weary about their decisions from lack-of or inaccurate data.  Others tend to decide on personal intuition, while some panic from the pressure of deadlines.

Though the results are sobering - "72% of execs believe management decision making is only moderately efficient or worse" - the post provides five key elements to make better decisions.

High-Quality Data

Access to Advanced Training and Systems

Sound Judgment

Trust

Flexibility

Read on to get the reasoning behind what makes a good decision.

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Comments

Very informative on how you can effectively have your decision. It is very shocking to know that there are 72% who do think that it is not efficient. I think it is due to the structure level of the employees working in a company. I think they will have to find out which way works effectively for them. -Adriane

Posted by: bpo manila | Mar 9, 2010 9:45:20 PM

Thanks for this post. I do think that a manager or supervisor should be able to make an educated decision if he/she has the accurate data to back up their decision. It is also important to have "all the sides of the story" before making a sound decision as well.

Posted by: Telemarketing | Sep 18, 2010 5:05:21 PM

This is a good guide! I also believe that although the management is going for a solid decision, it still has to be flexible to provide space for any needed preparation or improvement.

Posted by: Telemarketing Services | Sep 28, 2010 1:12:42 AM

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