Saturday, September 23, 2023

How to create decision-making processes that prioritize your company’s values

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Decision making can involve a number of different factors that complicate the decision-making process. When an organization needs to take a step, having a clearly defined process for both critical and non-critical decisions is essential to move the business forward.

However, creating and implementing an effective decision-making process becomes complicated when leadership has to consider the company’s established values, employees and customer needs. To help, experts from Business Council each shares one approach that leaders can use to implement a decision-making process that prioritizes the values ​​of the organization.

1. Start by ensuring that moral leadership is in place

Having the moral leadership to begin with is a start. This then creates a downstream path for expectations when prioritizing the organization’s values ​​is a requirement to begin with, allowing leaders to adjust any complicated issues surrounding the decision. It will drive the process to weight value more heavily, because the culture “cost” of not valuing those values ​​will make the company suffer, even if the monetary outcome is preferable. – Paul L. Gunn, KUOG Corporation

2. Practice What You Preach

The leaders of an organization must embody the values ​​of that organization. It shouldn’t be a struggle to develop a process that prioritizes the company values ​​because the leadership team naturally should. If disagreements arise, talk about them, respect the other people in the room, and develop solutions that best fit the needs of the business. – Deyman Doolittle, ShipSigma Business Council is the leading growth and networking organization for entrepreneurs and leaders. Am I eligible?

3. Make the mission statement universal

Be extremely clear about what the organization’s values ​​actually are. Too often we assume that our mission statement means the same to everyone. Get clarity and make sure you analyze the decision based on a rubric of the values. – Kristen Donnelly, Abbey Research

4. Explicitly define the core values

When an organization has a carefully crafted list of primary core values, complete with definitions, it becomes a simple yes or no when considering decisions. Having a concise and appropriate core focus amplifies this effect. Consider whether this decision fits your core values. Does it bring you to your core focus? Once this is determined, everything becomes a simple yes or no question. – Carson Porter, REV Agency Syndicate

5. Determine if the risks are manageable

Decisions are made and problems are solved. If you are evaluating a decision that is firmly anchored in your organization’s values, once the identifiable risks are manageable, make the decision and start problem solving. The impulse needed to solve the problem only arises once a decision has been made. When you make a values-based decision, you spend less time making decisions and more time solving problems. – Christopher White, Equis, Inc.

6. View everything with the intention of solving problems

At your weekly management meeting, review the mindset issues list to identify, discuss, and resolve what’s ahead. When your business is truly focused on and revolving around your core values, making decisions based on them shouldn’t be a challenge, as you live and breathe them instead of leaving them on a plaque on the wall. Allow team member responsibility. – Abby White, Gro HR advice

7. Stay flexible

It is crucial to be flexible when making decisions. Science and policy are constantly evolving, so new information will inevitably emerge during decision-making. If necessary, be prepared to review previous decisions with new evidence. Create a flexible decision-making framework and open communication channels that give your team room for growth while maintaining consistency between iterations. – Chris Gerlach, Synergy Life Science

8. Listen to customer feedback

To implement a decision-making process that prioritizes the values ​​of the organization, organizations can better listen to what their customers are saying. Giving customer-facing staff more decision-making power and conducting surveys directly with customer focus groups are the best ways to increase customer influence and the company’s responsiveness to their needs. – Meg Yim, MSA Security

9. Reverse Engineer Decisions

I like to start from the output of the decision and work backwards to analyze its impact across the different phases of the decision. This will help to model different scenarios for one decision and work out the right one that suits your business. – Saravana Kumara,

10. Weigh Each Option Thoroughly

The key to multi-factor decision making is to weigh the importance of each value now, weigh each project’s ability to deliver the value, and weigh the feasibility of executing the strategy. Then look for synergies. I once had three goals at once: getting promoted, developing better customer service, and keeping costs low. Getting a project grant allowed me to do everything in one go! – Jerry Cahn, Brilliant old

11. Streamline processes based on priority level

With regard to decision making, there should be a well-streamlined process. Depending on the OKRs and the quarterly targets, a company must operate on different priority scales, ranging from urgent priority to low priority. These priorities are tied to the ethics and values ​​of the organization, which are not only internal, but of course also external. – Jem BourouhaAdcubator

12. Determine which factors are valuable in the market

For a luxury brand, aesthetic intelligence is a determining factor when making decisions, because in luxury aesthetics, intelligence equates to longevity. Focusing solely on solution-oriented strategies will not be effective. The value of aesthetics is always considered as it can help win customer loyalty, build market share and create lasting value. – Marilisa Barbieric

13. Trust your instincts

You can make quick decisions that effortlessly align with your company’s values ​​if you simply trust your instincts and take bold action without fear of the consequences. Mistakes provide valuable lessons, but doing nothing will never move a business forward. Successful leaders in the right organizations make decisions that naturally align with company values ​​if they just listen to their gut. – Jessica Dennehy, Spin and kill

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