The Abstract Behind The Compass Decision (1)

We have occasionally met with chief decision makers of all sorts and discussed about the different matters regarding to their views of what strategy is about. During the course of our conversation, we asked them about their strategic decision-making process . Some of them have told us that they have a tendency to implement their strategy regardless of the circumstances. They are rarely process-driven and feel that the concept of "assessing the big picture before acting" takes too long and that it is technically irrelevant. The only thing that counts is their ability to make things happen and lead their team to capitalist glory.

The Flaw Behind Their Strategic Decision Management Process

Due to a lack of complete information, they do not understand whether the grand situation is stable or chaotic. Their absolute focus is to understand of the immediate risk/rewards, not the risk consequences that are derived from the outcome of their decisions. .

A breakdown of different strategic decision-making styles

Regardless of their style of decision-making, we usually emphasized to them the importance of increasing their understanding of the big tangible picture before implementing any strategic moves. Conclusively, it usually leads to a better decision.

Following is a list of questions that might provoke some thoughts:

• What is your view of the big picture?
• How do you use it to your advantage?
• What is your process to transform your assessment to a tangible plan?

We will further touch on this topic at a later post.

side note: We will discuss the matter of "when to make contingency moves" in our future book.