DECISIONS x Actions = Results
A simple equation relevant in both business and life. Everyday we make hundreds of decisions - in a business the number of decisions is increased as the number of employees increase - in a business with 50 employees there are thousands of decisions being made every day.
An equation by definition requires that the left hand side equals the right hand side and a change in the left hand side will impact equally on the right hand side. So based on our equation, if we make better decisions and take more vigorous timely action then we will achieve better results - Yes?
So how do we make better decisions and who should be making them?
Let's consider the last part of that question first… I am a believer in the concept of 360 degree leadership. That is, a title or position is not a prerequisite to lead… anybody in an organisation can lead (the more people taking on leadership roles the more powerfully a business will perform, potentially).
Making decisions is an integral part of leading … deciding how to promote an idea, how to solve a problem for a peer, how to mentor someone on the company culture - all of these actions require a decision to be made.
These many decisions being made each day (often with out the owners knowledge) will compound to impact on the strategic direction and ultimately the profitability of the company.
So, given team members are making thousands of decision each day, the result could be a haphazard disjointed series of actions which are not going anywhere in particular and are not aligned to the strategic direction of the company OR a powerful focused series of actions which are very much aligned to the vision of the company and which will drive profitability.