Taking a methodical approach to improving decision making can boost revenue, shareholder return, and return on invested capital.
October 7, 2010
No executive would argue with the notion that a company's ability to effectively make and execute decisions is a cornerstone driver of performance.
But most, when asked just how adept they are in this area, admit they simply don't know, says Michael Mankins, a partner with management-consulting firm Bain & Co. "Any response to the question would be inherently relative," he says. "Unless you know how good other companies are at decisions, how can you gauge your own effectiveness?" Read more...
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