Guest Post by Ed Perkins (first posted on CERM ® RISK INSIGHTS – reposted here with permission)
There is a lot of literature written on decision making, ‘how to’, best practices, process, factors and so to follow to make ‘good’ decisions. We have been exploring ‘risk based’ decision making in these blogs. We have looked at factors, process, frameworks, psychology and bias.
But we have not discussed perhaps the most important aspect of any decision – implementation or that double edged word ‘execution.’ (Of course this assumes that the decision maker wants something to actually happen as a result of the decision, but that is a topic for another day).
Let’s use the nicer word – Implementation – which implies there is a course of ACTION, with a timeframe for results to be produced or to occur. [Read more…]