Strand-Ridge
  • Home
  • Biz Services
    • Biz Consulting
    • Strategy Workshop
    • Public Speaking
    • Leadership Training
  • StrandRidge Academy
    • Sustaining High Growth For Long Term Success
    • Global Productivity Mindset
    • On-Demand Video Archive
  • Biz Exchange Mall
  • Global Trade Promotion
  • Contact
  • About
  • Motivation To Succeed
    • Motivational Videos Archive
  • Events
    • Upcoming Events
    • North East Business Exchange
    • ARCHIVES 1
    • ARCHIVES 7
    • ARCHIVES 8
  • Leadership Insights
  • Strand-Ridge Cafe
  • Consent To Receive E-mails

May 13th, 2014

5/13/2014

0 Comments

 
Picture
Decision making and staying focused
Weighing options without distractions


Framework for Decision Making
A key ingredient for business success is the ability to stay focused on a plan for sustained high growth. Sticking to a pragmatic vision and positive values builds trust in your product and services.

With trust comes brand value. However to sustain profit from brand value requires continual re-evaluation of market perceptions and the relevance of your offerings to consumers.

It is therefore important to constantly obtain market feedback, learn about developments in your industry and review your capacity to evolve to remain relevant to customers.

The challenge is in making business decisions in a timely manner based on the information you have. At the end of the day, your decision will be considered good or bad on the basis of whether the decision resulted in customer satisfaction.

Decisive Decision Making
It is important to analyse, understand and make decisions based on your business vision and values at the practical level of satisfying customers. If they are not satisfied they will not pay the price needed to make a profit.

Utilizing the business vision and values as the basis for listing significant options for deciding on the best course of action can result in a manageable list that encourages timely decision making. A list of insignificant options that are too long can lead to paralysis in decision making and in-action.   

Justify inclusion of each option on the list for decision making. Ultimately it is important to make a decision that results in satisfaction for the greatest number of customers.

Siddha Param
International Business Consultant
Reboot your business plan for sustained high growth.


0 Comments



Leave a Reply.

    Archives

    September 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    June 2017
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014

    STRAND-RIDGE news provides free business knowledge articles.

    Categories

    All
    High Growth Planning

    RSS Feed

Powered by Create your own unique website with customizable templates.