To better understand the importance of decision making in a company , let's look at real examples of 3 internationally recognized brands.
Netflix and the change of the business model
Netflix was initially a company that rented DVDs by mail. However, they identified an opportunity in the growing popularity of the internet and decided to radically change their business model , becoming a streaming platform . This bold decision positioned them as a leader in the online entertainment market.
Tesla and large-scale electric vehicle production
Tesla opted to produce electric vehicles at a time when the automotive industry was dominated by internal combustion engines. This decision, together with innovation in dominican republic phone data batteries and the creation of a charging network, accelerated the transition to electric mobility.
Apple and the executive decision to bring back Steve Jobs
Although he was one of the founders of the brand, Steve Jobs was fired from Apple in 1985. The decision to return to the company and simplify the product line was a turning point. Betting on constant innovation and user experience has been a constant in his strategy.
Entrepreneurs learning about decision making in a company
How does your company's purpose influence decision-making?
Simon Sinek, an expert in anthropological marketing and communication strategy, points out that although people have their own filters for decision-making , the 'why' of the company can be the best if you and all your collaborators are clear about it.
So, having clarity about organizational culture and ensuring that everyone in the company understands it will make decision-making much more effective and save time.
Think of the amount of time, emails and meetings that could be avoided, thereby increasing productivity by being better prepared to make decisions.
Make the best decisions in your company!
Decision- making in a company is a constant challenge that you will face at all levels and in different situations. Therefore, familiarizing yourself with the decision-making process will allow you to identify the best alternatives, always aligned with the purpose of your organization.
Remember that you can transform decisions into a compass that guides your company's actions if you understand the types of decisions you can make and have solid data to support your choices.