PODCAST: 3 Ways To Speed Up Decision-Making
Quick decision-making is one of the hallmarks of an agile company. But making fast decisions is easier said than done. A recent McKinsey and Company article looks at three types of decisions and offers ways to speed up the process.
- For Big-Bet decisions made at the very top, like making an acquisition, spur productive debate. Assign someone to argue the case for and against. This brings about productive interactions with a balance of inquiry and advocacy.
- For Cross-Cutting decisions made by unit heads and senior managers, make the process about clarifying objectives, measures and targets. Draw a clear line between meetings designed to inform or discuss, and meetings designed to make decisions.
- Delegated decisions are frequent and effect day-to-day, routine operations. Working teams and individuals should drive these decisions. Aim for the team’s commitment rather than pure consensus.