From the course: Executive Decision-Making
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Making the call
From the course: Executive Decision-Making
Making the call
- At some point within executive decision, 2 you're going to have to make the call. 3 Some principles you should think about 4 as you're doing so are, first, 5 be clear about the call being made. 6 Tell people exactly what the decision is. 7 Document that decision 8 so you have something to true back to. 9 Remember, executive decisions can take a long time 10 to make and see what happens. 11 You'll want a document to be able to go back to and say, 12 "Here's the decision we made, 13 "and here was the underlying rationale." 14 Lay out that rationale, including the assumptions you made, 15 the facts you were using to make the decision, 16 and the sources of the information. 17 When things change, you can then go back to that document 18 and perhaps find root errors in the data you had, 19 understand how the market has changed 20 from when you originally made the decision, 21 or you can find new opportunities to make a better…
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