This is an excellent discussion of a recent McKinsey Global Survey on the topic of effective decision making in today’s fast-paced culture.
“The survey asked about three common decision types, ranging from those that are infrequent but significant in scope to smaller, routine decisions that can be delegated. Most respondents report poor decision making across the decision types we tested. And while most organizations seem to make trade-offs between velocity (how fast was the decision made and executed?) and quality (how good was the decision?), faster decisions tend to be higher quality, suggesting that speed does not undercut the merit of a given decision. Rather, good decision-making practices tend to yield decisions that are both high quality and fast.”