When developing a strategy, it's essential to have one decider in the organization to make clear choices about priorities.

If you're unsure who the decision maker is, it's likely you. It's better to act decisively than to slow down the company by following a process without making a decision.

Decisiveness is crucial as a leader; you must make decisions without all the information, and they need to be right.

Decisiveness is crucial as a leader; you must make decisions without all the information, and they need to be right.

It's important to avoid decision-making anti-patterns like taking too long to respond or deferring decisions by involving others unnecessarily.

Establishing a clear investment process is essential; it helps you avoid wishy-washy decisions and ensures you make optimal investment choices.

In companies, a one-size-fits-all decision-making process can lead to inappropriate application of heavyweight processes to all decisions, including lightweight ones. Two-way door decisions should generally be made by individuals or small teams, while one-way door decisions should be elevated to senior executives for careful scrutiny.

When making a critical decision, understand how it will be interpreted from all points of view, not just your own or the person you're speaking to, but also from those who aren't in the room.

Most decisions in a company should be made quickly by individuals or small teams, while one-way door decisions should be elevated to senior executives for careful consideration.