Decisiveness has always been the hallmark of a great leader. But with ever-changing technology, an increasingly competitive landscape, digital-savvy consumer and a volatile market, the need for speed is yoked to decision making for all companies today. The message is – Cut the flab and make decision making “agile” and “visible”.
“One of the key initiatives to encourage agile decision making is to have a non-hierarchical organisation structure,” says Pankaj Bansal, co-founder and chief executive officer of PeopleStrong HR Services. Organisations are then able to empower employees by educating them about the key decisions they can take and providing them enough support to ensure that they get it right. “It’s often called devolution of power. Such a clear structure and process along with a review structure removes any kind of ambiguity from the system and helps things move fast,” points out Bansal.