Making successful decisions

Decisions influence whether your company is successful and will continue to be so. Decisions open up possibilities, mark boundaries and shape capabilities, which in turn affect future decisions. With the acquired capabilities decisions can lead to market-driven performance within the scope of possibilities, which in turn determine success and stability. Success and stability in turn impact decisions. Decisions can also achieve meaningful differentiation. In short, the quality of decisions is what makes entrepreneurship work.

(5.3.1 “Holistic Controlling”).

To make good decisions, first become aware of what has been decided in your organization and what should be decided. The choice of topics which require decisions to be made is essential. Also look at whether the decision process is well laid out in your organization. To make good decisions, knowledge of game theory can be very helpful.


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