Creating a Decision-Making Culture

Creating a Decision-Making Culture Share Our Newsletter

Great ideas happen in the shower. It's true! They can also come as dreams or through inspiration found in the environment or through human interactions. However, great ideas alone aren't enough; they must be developed. What happens when someone has a great idea but they don't know how to develop it? Does the idea die because they don't know how to navigate the next steps? Maybe not. They could take the idea to their supervisor, who would tell them, "Great idea. Create a slide deck and send it to me," but what should go on it? Who can we ask for help? Without support, good ideas can often end up in the abyss, lost and forgotten. Information gathering is at the heart of innovation, be it an innovative process that could reduce cost or launching a new product to market. Because we need information, we should consider investing in decision support by creating a cross-functional decision support team. A decision support team may include decision scientists, data scientists, marketing, finance, and hr analysts. This team becomes a resource that further develops ideas so decision-makers can make a go or no-go decision.   Ideas are collected and accepted, but not all ideas are worth pursuing. Consider making management approval necessary before ideas go to the decision support team as a part of the process because the information the decision support team will provide isn't readily available. Make sure the juice is worth the squeeze.   The decision support team will provide answers to questions such as, Does this new idea align with the mission, vision, values, or strategic plan? Do we have human capital resources? What is the cost and profit attached to the idea? Are there possible systems consequences  Are there alternatives? Will this idea scale, and is it sustainable? What if analysis   The benefits of having a cross-functional decision support team at the heart of company decisions is having a culture of informed decisions as well as: Improve risk management and reduce uncertainty Improve employee engagement and motivation Better alignment with organizational goals and objectives Improved innovation and creativity A culture of open communication and transparency Invest in making better decisions, be a turnaround leader, and let Clarity Metrics Group help you get there.