Strategy Huddle™
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Decision-Making in Uncertain Times
June 4, 2009
Has the recession impacted your decision-making for strategic business planning?
One great resource we found lately was Kim Girard’s excellent article titled How to Decide in a Time of Confusion, at Bnet.com.
- Study Your Business Environment Collecting relevant data and putting them them to work is essential to being able to make decisions. Kim lists plenty of practical sources.
- Build a Plan Well, we’re always fans of this route! There’s not a whole lot of info on exactly how to craft a plan but at we do know a pretty good resource for that- you’re on it.
- Be an Intense Leader This step offers a few reminders on maintaining strong communication- which is essential not only for being able to execute your decisions as a manager, but also in maintaining employee engagement throughout the downturn.
- Strengthen the Team Kim offers more management tips here for keeping your team focused and encouraging them to assert themselves.
- Get Close to Your Network Keeping close to your network is essential during a downturn, as highlighted throughout our recession-planning toolkit.
For more info on decision-making, you can check out our own presentation about Choosing your Opportunities Strategically below.
Video
- Harvard Publishing adds a Recession Resource
- Looking Back: What is the best business decision you’ve made over the past 6 months?
- Small Business Owners Sensing the Downturn? Develop a Plan!
Topics in this post: Strategic Business Planning |
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