How Companies Make Good Decisions: McKinsey Global Survey Results
Source: McKinsey & Company
Companies get a lot of advice about how to make good decisions. Which decision-making disciplines really make a difference? Do strong decision-making processes lead to good decisions? This paper highlights several process steps that are strongly associated with good financial and operational outcomes. Although corporate politics sometimes seems to undermine strong decision making, some types of consensus-building and alliances apparently can help create good outcomes.