Has the recession impacted how you make decisions during strategic business planning? One great resource we found that helps ensure a sound decision making process is Kim Girard’s excellent article titled How to Decide in a Time of Confusion, at Bnet.com.
- Study Your Business Environment
Collecting relevant data and putting them them to work is essential to being able to make decisions. Kim lists plenty of practical sources.
- Build a Plan
Well, we’re always fans of this route! There’s not a whole lot of info on exactly how to craft a plan but at we do know a pretty good resource for that- you’re on it.
- Be an Intense Leader
This step offers a few reminders on maintaining strong communication- which is essential not only for being able to execute your decisions as a manager, but also in maintaining employee engagement throughout the downturn.
- Strengthen the Team
Kim offers more management tips here for keeping your team focused and encouraging them to assert themselves.
- Get Close to Your Network
Keeping close to your network is essential during a downturn, as highlighted throughout our recession-planning toolkit.
For more info on decision-making, you can check out our own presentation about Choosing your Opportunities Strategically below.