Define Decision Making

Navigating your decision making journey starts with spotting a challenge or golden opportunity, then diving in for data and insights. Key stakeholders—those impacted or influencial—should be determined early on to ensure their perspectives shape the path ahead. The Abaco Group can help you build the structure to determine possible paths, carefully weighing each for its promise and pitfalls in sync with your firm’s destination.

Identify the Problem or Opportunity
Define the issue or opportunity clearly, ensuring it aligns with business goals.

Determine Key Stakeholders
Identify individuals or groups affected by or influential in the decision (e.g., employees, customers, leadership, investors) to ensure their input and needs are considered to accelerate buy-in.

Identify Alternatives
Brainstorm possible solutions or courses of action.

Evaluate Options
Assess alternatives based on feasibility, risks, benefits, and alignment with strategic goals, incorporating stakeholder perspectives.

Make the Decision
Select the best option, informed by data and stakeholder input.

Implement the Decision
Execute the plan with clear communication to stakeholders and allocated resources.

Monitor and Review
Track outcomes, measure impact, and adjust as needed, keeping stakeholders informed to refine future decisions.