This episode, it’s all about decision-making and delegation, with an appearance from the dastardly Decision Demon and special dead guest Napoleon Bonaparte, one of the greatest strategic minds in history on how he makes decisions. You’ll learn tips and techniques to clarify decision rights, identify the causes of faulty decision-making, and maximize your time through better delegation.
What You’ll Hear In this Episode:
- Resource allocation requires us to make trade-offs.
- The nine causes of faulty decision making - which one of these does your team fall into most frequently?
- Decisions, or the lack thereof, can make or break our strategy.
- How can the halo effect and groupthink influence our future decisions?
- By implementing frameworks and processes to establish decision rights, we can put ourselves in much stronger strategic and financial positions.
- One of the reasons it's crucial to have strategies in written form is that they provide a filter for what you should and shouldn't do.
- Five steps for your team to eliminate the confusion around who owns which decisions.
- How leaders can fully engage their teams in the execution of strategies.
- The four factors to simplify and ensure effective delegation.
Quotes/Tweetables:
- “Decisions, or the lack thereof, can make or break our strategy.”
- “By implementing frameworks and processes to establish decision rights, we can put ourselves in much stronger strategic and financial positions.”
- “Companies fail because they are trying to do too many things, serve too many different types of customers, rather than focusing their resources in the areas where they can generate the greatest value and in turn, the highest profit margins.”
- “Research in the social sciences has shown that commitment increases by 34% when we simply share with people the “why” behind what we’re doing.”
- “Gaining full engagement means involving your people in conversations in determining what the goals and objectives look like, and the strategies and tactics and achieving them.”
- “Decisions of a revolving-door nature are ones that can be readily entered into again and reversed if need be. One-way door decisions are those that cannot be re-entered and therefore, require more expertise.”
Connect with Us!
Strategic Thinking Institute
Rich Horwath on LinkedIn
Rich Horwath’s YouTube Channel
Rich Horwath on Instagram
StrategyMan vs. the Anti-Strategy Squad: Using Strategic Thinking to Defeat Bad Strategy and Save Your Plan
Deep Dive by Rich Horwath
Elevate: The Three Disciplines of Advanced Strategic Thinking by Rich Horwath
Strategy for You: Building a Bridge to the Life You Want
Mentioned :
Jeff Bezos
Napoleon Bonaparte
Keywords: strategic thinking, strategy, strategic thinking, strategic planning, strategic, tactics, goal, goals, objective, objectives, plan, planning, business strategy, business acumen, executive coaching, executive coach, leadership development, leadership, rich horwath, effective meetings, CEO strategy, CEO coach, productive meetings, jeff bezos, google, apple, innovation, amazon, napoleon bonaparte
