Tip of the Week

Velocity in Decision Making

Check the “velocity” of your decision-making. The speed for decision-making needs to match the pace of change in the business environment. Are you exceeding the speed limit or going too slowly?

So What?

Effective decision-makers tend to make decisions at the appropriate speed. If they make decisions too slowly, they may miss opportunities; if they make decisions too quickly, they may make mistakes by not considering all the angles.