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Why Your Gut Feeling Is Costing You a Fortune
['Shabir Ahmad', 'Angela Scott-Briggs']
TechBullion
To transition from founder to CEO, a leader often needs to change operational approaches, learning new frameworks for making better business decisions.
But as a company grows, that same process can become a major risk to the entire business.
A well-organized peer group can lower the risk of decisions by providing an outside, unbiased view of one’s thinking.
The value often stems from a formal process where a significant decision is presented, along with supporting data and the rationale for the choice.
While it can be a useful quick checklist, it may not include the rigorous, external review often needed for significant business decisions where personal biases pose a major risk.