Decision making is at the core of all business activity, as executives set strategy and manage operations by weighing a vast array of factors to arrive at the desired balance of risk and reward. But enormous growth in a company’s size and operations adds complexity to decision-making processes. Learn about the five ingredients of good decision making, according to the responses of 154 executives in a global survey.
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to do, and knows how to measure it.” In carrying out the essential work of data collection and aggregation, companies have to take care not to limit the usefulness of the information itself. Trusting the technology, and the data Building trust in the systems used to deliver data— and the data itself—is an essential, if long-term, project. Establishing common definitions are a first step, but raising executive comfort levels with the technology is also vital. In the experience of ABB’s Mr Becker,