Business decision-making: 4 common mistakes and how to overcome them

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As a business leader, you’re responsible for making decisions that impact the long-term success of your company and the well-being of employees.


Personnel decisions (hiring, firing, promoting and disciplining)Selection of benefits programsAnnual goal settingBudgeting and financial planningAdjustment to new laws and regulationsImprovement of customer service

The decisions you make are especially critical during times of crisis or intense changes.

Examples include:

Widescale layoffsMajor hiring decisions in recovery modeChange in processes, strategic direction or even business modelRealignment of job responsibilitiesHandling a major industry shift or disruptionIntroduction of a new competitorDealing with natural disasters or pandemics

How you make these

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