In order to make the best decisions for your business you need to have as much information as possible.
There are two different types of information you need - from technology and from your employees. If you are missing one of these that could be a problem.
As Industry Week said, "One quality of good leaders is that they know how to make tough calls on the fly. But the best leaders also set themselves up to not have to make tough calls on the fly."
Set yourself up for success by keeping the communication flowing so you're prepared if you need to make an immediate decision.
Establish specific information priorities (and do so as early as possible) When companies are planning major operations—a new product rollout, an advertising campaign, the opening of a satellite office—it’s important for leaders to establish information priorities.For example, the leader of a company planning a product launch might want to set a “decision point” deadline 60 days before the date of the launch, with the information priority being: Are there any technical issues serious enough to delay the launch?Read More