In today’s blog, we look at the difference between planning and decision-making and how to get the best out of both.

The Crucial Difference Between Plans and Decisions

Strategic planning is an invaluable tool for all businesses, and for companies who get it right, it can add untold amounts to their bottom line. Your strategic plan needs to be a working document, something that is revisited continually and updated in line with the progress of the business and the people within it.

The main disadvantages of strategic planning are –

• The process can be complex, especially in organisations with many departments – things often move on in a faster timeframe than the strategic plan allows for.
• The process is time-consuming. It requires executives and employees to be on the same page, continually reviewing and reworking systems and processes.
• Strategic plans can be difficult to implement when your workforce is expanding, and roles within the organisation are changing.

Steps to Better Decision-Making 

• Make Decision-Focused Plans

For every business decision you make, ask yourself if this plan is going to drive positive decision-making in your company. Your choices should be focused on growth and moving the company forward, especially during this highly disruptive time we find ourselves in – the time for playing it safe is over.

• Don’t be Afraid to Flex

As I mentioned earlier, many businesses make a plan once a year and only review it annually. With such rapid changes happening across all sectors, the ability to flex is going to be essential. Don’t be afraid to change plans, to revisit your strategy and to admit when something you try doesn’t go to plan.

• Focus on the New

Now is the time to create new products, to capitalise on the innovation happening and to expand your services.

Next Steps?

If you want to stop making plans that never come to fruition and start making the decisions that will transform your business, we can help. We help businesses like yours to find the right talent they need to drive their brand forwards.

For a conversation about how to introduce a new generation of talent into your business, get in contact today.

Send us an email here to discuss your talent acquisition strategy for our new normal and how to secure the best talent for your business now.