Economist Report – Creating an efficient decision-making culture

A report just out from the Economist, titled The Intelligent Enterprise – Creating A Culture Of Speedy And Efficient Decision-Making confirms our belief that most organizations still have much room to improve upon their decision-making processes.

As competitive pressures increase, decision-making is a process worth investing in to maintain an edge in your market.

Two interesting excerpts:

  • Survey respondents indicated that accurate and timely decision-making ranked on a par with superior executive leadership and innovation as vital ways of creating competitive advantage.
  • Biggest obstacles to successful decision-making? – 26% said inadequate training or quantitative expertise among executives and support staff

Here are two info graphics contained in the report:

Biggest obstacles and advantages to effective decision-making

How has the decision-making process changed?

Here is the report in full:

The intelligent Enterprise – Creating A Culture Of Speedy And Efficient Decision-Making

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