Optimizing Decision Processes Boosts Economic Performance Across Organizations
The article explains how improving decision processes can benefit organizations in various fields. By adjusting the structure and process of decision making, managers can enhance economic performance and decision quality. Adding or removing employees in the decision process, changing communication channels, and considering the skill level of decision makers are key factors to consider. Pushing decision makers beyond their capacity can lead to errors, so finding the right balance is crucial. The article offers guidelines for managers to optimize decision making within their organizations.