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Decision Analysis

The quality of decision making in your company has a direct impact on quality and profitability. A well thought-out decision that gets buy-in from key stakeholders can yield high returns in revenue generation or cost savings. But a rushed decision can lead to revisiting and revising the decision and poor commitment to implementation.

Some of the common issues in decision making relate to:

1. Not adequately considering the needs the decision should address
2. The inability to make a decision due to the overwhelming number of possible solutions
3. Making snap decisions with inadequate information
4. Not securing enough input from stakeholders
5. Wasted time in group decision making due to lack of a common process
6. Not considering the risks associated with a specific course of action

ASG's Decision Analysis helps companies overcome these obstacles by installing a common decision-making process that all employees can use regardless of their functional expertise. This common process reduces the time and complexity in decision making by focusing on the objectives for the decision and the possible choices, not the process itself. This also allows for better implementation by thinking through possible issues connected with the selected course of action.

In addition, ASG's Decision Analysis helps document the reasons for a decision so the thinking process is available to everyone and can be used again in the future. This approach can be beneficial in capturing company knowledge.