In my last post I described how leaders are responsible for making decisions, and I listed six disciplines of good decision-making. This post discusses the first of those disciplines, a good strategy process.
We often think of accurate information and analytic skills as critical for good decisions, and, of course, they are. But a good strategy process is also required. Why? Too often, leaders reserve too much decision-making for themselves. Although the decisions may be good, the pace is glacial. Leaders need to share the responsibility of decision-making with others to ensure adequate pace, and a good strategy process will help ensure quality.
A good strategy process has, at the highest level, four elements:
To recap, organizations that make more high-quality decisions are more likely to win. This can only be done by delegating decisions to leaders across the organization. And the context provided by a good strategy process is required for all the decision-making agents to drive the organization in the same direction: towards success.
Next month: Decision Discipline 2 of 6 – Clear Decision Rights
This post can also be found on LinkedIn
Photo: Boston Customs House - November 28, 2009
For over 20 years, I've worked with CEOs and senior leaders both as a consultant and c-suite executive. These articles are culled from some of those experiences.