Decide Fast, Learn Fast, Win Fast


Ready to Unleash Your Transformation? Focus on Decision Making.

How many time has this happened to you? Its Monday morning, and you just logged into your weekly staff meeting when you get an urgent call from senior management. They want you to call them immediately, join their conference call or maybe even come to their office to discuss why your company cannot move faster with your projects, change, strategy execution, technology, process improvements, etc.? At least 3 times this month? It happens everyday, and it happened again today. The pace of your change needs to be faster. It will happen again tomorrow! So, what do you do? For starters, I propose you start with your decision making.

A company can only move as fast as they make decisions. The effectiveness of decision making is like the speedometer for your project, change initiative, strategic endeavor, etc. If decisions are slow, your transformation will be slow. If decisions are fast, your company will be able to move forward faster. Decisions create actions that translate into tasks for people in the company to complete. No decisions, no actions, no tasks, no completion.

DecideFastLearnFastWinFastIn Leading Successful Change, authors Shea & Solomon propose to change an organization you need to change behavior. They elaborate further to describe 8 levers of change, one of which they describe as decision allocation. Simply put, think of this as “who decides what, and where?” There are models available to help you structure the decision making process. I personally prefer the DACI model: Driver, Approvers, Contributors, Informed because it is simple and emphasizes accountability in the role of Driver to make the decision happen.

Before we go rushing off to “just make more decisions, faster”, lets consider some drivers behind slower decision making. When companies lack action, they are indecisive. Indecision can be caused for may reasons including but not limited to: not enough information, too much information, and unclear roles and responsibilities. Said another way, people hesitate to make decisions because they fear the decision will not have the required quality demanded by the company.

This balance of speed vs quality can be challenging. Consider the classic 2×2 above to assist with guiding actions to improve your decision making. If you find yourself with fast decision making, but low quality, focus on learning faster from your low quality decisions. If you find yourself with high quality decisions but too much time to make them, focus on deciding faster by embracing more risk.

Make no mistake, if you make decisions faster you improve your company’s ability to move forward faster. Have you heard the old saying “Win Fast, Fail Fast“? While it is very applicable in this context, I prefer “Decide Fast, Learn Fast, Win Fast”. If you make decisions faster, and they truly lack the quality you desire, engage your learning capability and dial your learnings back into a new decision to ultimately win faster.

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Innovation is a Team Sport


 

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Innovation is important to your company’s future. However, is innovation in your environment an “ivory tower” where a select few have a monopoly on the subject or, is innovation a team sport for you?

The short video below provides some great insight into patterns of innovation. After watching this video, I am reminded that no one company, country, division, department, team, or individual has a monopoly on innovation. Rather, innovations take time and benefit from the collision of slow hunches from multiple people. Innovation is indeed a team sport, made  up of individual players with unique value to contribute!

Keep this in mind as you go about our business within your current environment. We are all called to innovate. Be sure to bring your hunches to your management, project teams, and discussions. Your customers, employees and stakeholders deserve the benefit of your innovative thoughts.