Corporate Education Group

Five-Step Model to Making Strategic Decisions

CEG offers Corporate Training and Consulting, as well as traditional and virtual instructor-led courses in management and leadership, project management, business analysis, business process management, agile/scrum, and lean six sigma.

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300 Brickstone Square • Suite 201 • Andover, MA 01810 USA • 1.800.288.7246 • +1.978.649.8200 • S 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 — 5 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? 2. Gather Information — Seek information on how and why the problem occurred: • Stakeholders: Talk to individuals or groups affected by the problem • Facts and data: research, benchmarking studies, interviews with credible sources, observed events Five-Step Model to 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

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