What is your approach to decision-making? Is it the same as your team’s approach?
At some stage, all teams have to make “high stakes” decisions which puts the leader and the whole team under pressure. This may include when hiring, laying off people, giving incentives, setting targets and budgets, making an acquisition, or divesting. At these decision-points, we know that the behaviors intensify and money motivations kick in. Our Business DNA reports provide the key talent and behavioral finance insights which reveal how every team member will approach decisions.
An individuals’ risk-taking propensity, biases with money, need for control, and speed at which to operate will have profound impacts on their approach to business decision making. There are behavioral biases for these, and these can all be measured, at scale, for an organization.
You will easily see the similarities and differences of each team member, and the overall team approach. Knowing every team member’s inherent strength and struggles for making these decisions will enable confidence, alignment, and commitment and any barriers or fears to be unlocked.