Decision-making involves a degree of risk that increases with the complexity of the decision to be made. Good decisions not only yield desired results but also minimize the risk exposure of the individual or organization making and executing the decision. While there are many ways to minimize decision risk, one that is often overlooked is the ongoing evaluation of the execution of the decision-making process itself.
Hi there! Gain access to this article with a StrategyDriven Insights Library – Total Access subscription or buy access to the article itself.
Subscribe to the StrategyDriven Insights Library
Sign-up now for your StrategyDriven Insights Library – Total Access subscription for as low as $15 / month (paid annually).
https://www.strategydriven.com/wp-content/uploads/DecisionPuzzle.jpg273439StrategyDrivenhttps://www.strategydriven.com/wp-content/uploads/SDELogo5-300x70-300x70.pngStrategyDriven2010-02-02 23:23:392018-12-24 19:09:49Decision-Making Best Practice 5 – Ongoing Decision Evaluation
“There are no foolish questions and no one becomes a fool until he has stopped asking questions.”
Charles Proteus Steinmetz (1865 – 1923)
German-American mathematician and electrical engineer fostered development of alternating current; enabling the expansion of the U.S. electric power industry
Have you ever wanted to get into the minds of some of the most inspirational dealmakers in the business world? After working at CNBC for almost a decade, I have been lucky enough to talk to some of them on a regular basis. Realizing not everyone has that kind of access, I decided to open up my “trillion dollar” rolodex (it’s called that in my industry since I have a trillion dollar money manager, a dozen billionaires and countless millionaires in it) and ask them to open up and reveal some of their winning strategies on how they view a crisis (particularly the fire sale of Bear Stearns, the bankruptcy of Lehman Brothers and the credit crisis) but more importantly *how* and *why* they executed certain strategies. It’s those two elements that make successful leaders.
Hi there! This article is available for free. Login or register as a StrategyDriven Personal Business Advisor Self-Guided Client by:
https://www.strategydriven.com/wp-content/uploads/SDELogo5-300x70-300x70.png00StrategyDrivenhttps://www.strategydriven.com/wp-content/uploads/SDELogo5-300x70-300x70.pngStrategyDriven2010-01-28 06:17:482016-02-02 21:55:07Thriving in the New Economy
Every day, executives, managers, and employees are asked to do more and more with less and less. Sometimes this pressure results in work streamlining, better prioritization and new more efficient methods. At other times, individuals simply accomplish more because they work additional uncompensated hours.
Hi there! Gain access to this article with a StrategyDriven Insights Library – Total Access subscription or buy access to the article itself.
Subscribe to the StrategyDriven Insights Library
Sign-up now for your StrategyDriven Insights Library – Total Access subscription for as low as $15 / month (paid annually).
A VETERAN OWNED SMALL BUSINESS | Call or text now for a FREE consultation: +1 (770) 765-3692 | Website Login
Business Programs
Decision-Making Best Practice 5 – Ongoing Decision Evaluation
/in Decision-Making, Premium/by StrategyDrivenHi there! Gain access to this article with a StrategyDriven Insights Library – Total Access subscription or buy access to the article itself.
Sign-up now for your StrategyDriven Insights Library – Total Access subscription for as low as $15 / month (paid annually).
Not sure? Click here to learn more.
Don’t need a subscription? Buy access to Decision-Making Best Practice 5 – Ongoing Decision Evaluation for just $2!
Additional Resources
StrategyDriven offers many additional resources that can be used during decision-making process evaluations including:
Leadership Inspirations – Foolish Questions
/in Leadership Inspirations/by StrategyDrivenCharles Proteus Steinmetz (1865 – 1923)
German-American mathematician and electrical engineer fostered development of alternating current; enabling the expansion of the U.S. electric power industry
Thriving in the New Economy
/in Management & Leadership/by Lori Ann LaRoccoHave you ever wanted to get into the minds of some of the most inspirational dealmakers in the business world? After working at CNBC for almost a decade, I have been lucky enough to talk to some of them on a regular basis. Realizing not everyone has that kind of access, I decided to open up my “trillion dollar” rolodex (it’s called that in my industry since I have a trillion dollar money manager, a dozen billionaires and countless millionaires in it) and ask them to open up and reveal some of their winning strategies on how they view a crisis (particularly the fire sale of Bear Stearns, the bankruptcy of Lehman Brothers and the credit crisis) but more importantly *how* and *why* they executed certain strategies. It’s those two elements that make successful leaders.
Hi there! This article is available for free. Login or register as a StrategyDriven Personal Business Advisor Self-Guided Client by:
Subscribing to the Self Guided Program - It's Free!
About the Author
Leadership Inspirations – Planned Fortune
/in Leadership Inspirations/by StrategyDrivenThomas Edison(1847 – 1931)
American inventor, scientist and businessman
Resource Projection Warning Flag 1 – Assumed Discretionary Effort
/in Premium, Resource Projection/by StrategyDrivenHi there! Gain access to this article with a StrategyDriven Insights Library – Total Access subscription or buy access to the article itself.
Sign-up now for your StrategyDriven Insights Library – Total Access subscription for as low as $15 / month (paid annually).
Not sure? Click here to learn more.
Don’t need a subscription? Buy access to Resource Projection Warning Flag 1 – Assumed Discretionary Effort for just $2!