Strategy for improving company decision making
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Get it written →After deliberation by the board, you have been elected and appointed to the position of CEO. This means that you are now responsible for the organization more from a department-level, rather than a personal-level.
However, you understand that you must improve the efficiency of decision-making at all levels of the organization in order to be more effective as a whole. You decide to conduct a series of seminars and workshops within the organization in order to meet this challenge. Provide a detailed report that you will present to the board that outlines your strategy to improve decision-making at all levels in the organization. Your report should include the following:
A plan defining, and detailing the psychology of poor financial and investment decisions and how this information can be used to aid the finance department
A process for making rational decisions and avoiding cognitive mistakes during negotiations
Detailed strategies that you would incorporate to improve the overall decision-making process throughout the organization
A system that ensures ethical approach to decision-making
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