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Thursday, March 25, 2010

Strategy: The Cost of Great Decisions

Leadership and organizations have to understand the cost of getting to a decision and the organization's ability to execute those decisions.

On the one hand sit decisions that determine the strategic direction. These are inherently costly and time consuming. As they should be.

However once the strategic decisions are determined, every other decision should be about getting execution done which follows the strategy. And the cost associated with making those and the time those decisions take up should be minimized. In fact the determinating factor should be can those decisions be executed appropriately and how fast?

Once a strategy is determined: a decision that is 70% right/accurate/special that gets executed beats a 100% right decision that doesn't . . . every time.

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