In It is clear that the traditional top-down approach to decision-making is no longer adequate in an era where change is the only constant and innovation drives success. The C-Suite executives, long regarded as the sole custodians of a company’s destiny, are recognising the limitations of this exclusive model. The tide is shifting towards a more inclusive strategy—democratising decision-making. This evolution isn’t In a complex and interconnected world, it's no longer just a fad; it's a strategic imperative.
At In our work with over 130 of the world's highest performing businesses, we disrupt inefficient performance models and provide leaders with a fresh perspective. To democratize business decisions, leaders can take the following steps – from including staff from all departments, levels, and backgrounds to adopting purpose-built management technology.
Outgrowing the ivory tower approach
Leadership from an ivory tower is a thing of the past. Adapting to the rapidly changing business landscape requires a dynamic approach to decision-making. When senior executives hold the reins of authority, they often have a narrow view of challenges and opportunities. In contrast, a democratised approach casts a wider net, tapping into the collective intelligence that spreads through an organisation.
One of the most compelling reasons for democratising decision-making is its ability to foster diversity and inclusion. Inclusive decision-making breaks down hierarchical silos, ensuring that voices from all corners of the company are heard. Diverse perspectives, stemming from employees of varying backgrounds, experiences, and roles, lead to well-rounded decisions that account for a multitude of viewpoints. In fact, research shows that inclusive teams are over 35% more productive, and diverse teams make better decisions 87% of the time. In addition to enriching the decision-making process, this sends a powerful message that every individual's opinion counts.
Read more @ https://hrtechcube.com/why-smart-leaders-are-democratising-decision-making/
In It is clear that the traditional top-down approach to decision-making is no longer adequate in an era where change is the only constant and innovation drives success. The C-Suite executives, long regarded as the sole custodians of a company’s destiny, are recognising the limitations of this exclusive model. The tide is shifting towards a more inclusive strategy—democratising decision-making. This evolution isn’t In a complex and interconnected world, it's no longer just a fad; it's a strategic imperative.
At In our work with over 130 of the world's highest performing businesses, we disrupt inefficient performance models and provide leaders with a fresh perspective. To democratize business decisions, leaders can take the following steps – from including staff from all departments, levels, and backgrounds to adopting purpose-built management technology.
Outgrowing the ivory tower approach
Leadership from an ivory tower is a thing of the past. Adapting to the rapidly changing business landscape requires a dynamic approach to decision-making. When senior executives hold the reins of authority, they often have a narrow view of challenges and opportunities. In contrast, a democratised approach casts a wider net, tapping into the collective intelligence that spreads through an organisation.
One of the most compelling reasons for democratising decision-making is its ability to foster diversity and inclusion. Inclusive decision-making breaks down hierarchical silos, ensuring that voices from all corners of the company are heard. Diverse perspectives, stemming from employees of varying backgrounds, experiences, and roles, lead to well-rounded decisions that account for a multitude of viewpoints. In fact, research shows that inclusive teams are over 35% more productive, and diverse teams make better decisions 87% of the time. In addition to enriching the decision-making process, this sends a powerful message that every individual's opinion counts.
Read more @ https://hrtechcube.com/why-smart-leaders-are-democratising-decision-making/
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