Decision Deadlock: Moving out of Paralysis into Action ASAP
The Business Emergency Room Podcast11/13/24 • 18 min
In a fast-paced business world, decision paralysis is a major obstacle in business, stalling innovation and financial success. Maartje tackles this issue head-on, highlighting how fear, overwhelming data, high stakes, and unclear objectives often keep leaders stuck. She cites studies revealing that indecision significantly impacts financial performance and employee productivity, making swift, confident decision-making essential for thriving in a competitive landscape. To overcome this, Maartje recommends a structured approach: clearly define decisions, align options on equal terms, and focus on actionable data. Bringing in an external facilitator to provide fresh perspectives or using frameworks like the Stanford Decision Quality Model, can create lasting decision hygiene within an organization by ensuring clarity, alignment, and accountability.
About the Host:
Your host, Maartje van Krieken, brings a wealth of experience from the front lines of business turmoil. With a background in crisis management, managing transformation and complex collaboration, she has successfully guided numerous organizations through their most challenging times. Her unique perspective and practical approach make her the go to First Responder in the arena of business turmoil and crisis.
Podcast Homepage: https://www.thebusinessemergencyroom.com/
https://www.thechaosgamesconsulting.com/
https://www.linkedin.com/in/maartje/
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11/13/24 • 18 min
The Business Emergency Room Podcast - Decision Deadlock: Moving out of Paralysis into Action ASAP
Transcript
Maartje van Krieken: Hi. Thanks for tuning in today. I'm glad you're back here. The topic I want to talk today in business emergency space is decision paralysis. I think decision making in general is a fabulous subject, but also complex and one that much strands on but particularly being paralyzed in key decisions is a major contributor to chaos. 31% of United States business leaders delay decisions as long as possible. McKinsey has shown that slow decision makers, or
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