Your business needs
Research shows that companies who are faster at decision-making are also quicker to implement the determined measures, bring about the desired change and reap the rewards for doing so.
However, business leaders often find their decision-making process and implementation of outcomes is (far) too slow. Strategies thereby suffer from delayed and/or insufficient execution and it takes (too) long to achieve the desired business impact.
The decision-making process is essential to so many things, it can be likened to a company’s heartbeat. And just like a heart in a human body, it needs the right conditions to perform well. In the context of a company, the decision-making process is strongly influenced by the culture that surrounds it. If you’re going to accelerate your business process improvement, you first have to make sure your decision-making culture is in the right place.
Research by McKinsey shows that only 20% of companies actually excel at decision making. This means a huge 80% have room for improvement. Improvement that starts with understanding the decision-making process, so the required change can take place.