Five Steps to Make Better Decisions

©image: Frits Ahlefeldt-Laurvig

In the unpredictable conditions of these complicated times, planning for three months, let alone a year, is more difficult than ever. Despite the chaos, there are management tools that can help you navigate through turbulent business environments.

Kim Girard, in an article in Bnet.com, offers a systematic guide to address planning when the future cannot be seen very well in the short term.

Step 1 - Consider your business environment: Gather information to understand what you know and do not know about your current situation.

Step 2 - Build a plan: Create a short-term and flexible strategy.

Step 3 - Be a strong and reliable leader: Improve the skills you need to be effective during the crisis.

Step 4 - Strengthen the Team: Develop the necessary skills in your team to succeed in uncertain times.

Step 5 – Get close to the business network: Understand evolving customer, supplier and business partner needs.

Source: BNet

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