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  • Decision-Making Tools For Executives
    How is it that companies possessing capable and experienced executive and management teams still fail to take the right actions, or to solve problems when the solutions appear before them? The answer most often lies in conservatism.

    Contrary to the popular image of the bold entrepreneur, the true nature of business is conservative. When you manage to build a value chain that produces revenue, the last thing you want to do is disturb that income production. First and most importantly, leaders have to possess the cautionary instinct that prevents their destroying the company.

    Often the caution of each individual executive is magnified in a group of similarly minded managers. In board meetings, committees, fact-finding teams, and decision-making caucuses, the slightest trace of uncertainty is generally enough to delay final approval, or kill a prospective project.

    How can companies move beyond these reactive reversals, and calculate the correct course despite personal misgivings? Much of the solution lies in modeling the possibilities.
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  • Permalink: Friday, April 20, 2007 3:41 PM
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