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TRATEGIC DECISION MAKING is a critical skill for
effective leadership. The outcome of a leader's choices
significantly impacts employees, customers, the market,
and, ultimately, the success of the company. Developing such
a skill requires a combination of knowledge, experience, and
intuition. It also requires a process to help define the problem
and select the right course of action. Here is a method to help
you successfully navigate the decision-making process.
Making Strategic Decisions - Five Steps for Success
1. Define the Problem - Consider these questions:
• What is the problem? Can it be solved? Is this the real problem or a symptom of a larger one?
• Does it need immediate attention or can it wait? Is it likely to go away by itself?
Can I risk ignoring it?
• What is my objective? What's to be accomplished by the decision?
Five-Step Model for Making Strategic Decisions
M A N AG E M E N T A N D L E A D E R S H I P
