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Decision making is a significant aspect of leadership.
As a leader, one needs to take decisions, make choices frequently, on a variety of things.
One of the key factors influencing, impacting the effectiveness of decisions is timing – taking timely decisions; without delays.
While at that, having the required, relevant information is a key pre-requisite.
The pertinent question is, how much of it? How long do one wait to gather all the information that’s ‘felt’ needed?
‘Most decisions should probably be made with somewhere around 70 percent of the information you wish you had. If you wait for 90 percent, in most cases, you’re probably being slow’ – said Jeff Bezos of Amazon.
Taking decisions with around 70% of the information that you wish you had – an ‘accelerated decision making’ practice – is about fast-pacing the decision making process. At the same time it’s not taking decisions in haste.
Decision making is a significant aspect of leadership. A well thought-out accelerated decision making practice can help fasten and fast-track our decision making process.
When practiced, this could lead to significant positive outcomes for the business.
What do you think? Please comment with your views and experiences.
My name is PK Narayanan, wishing you the best, Thank you.
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