Comments on: 4 Steps to Making Strategic Decisions in Today’s Market

By: Fun with SIPOCs | learnsigma

Fun with SIPOCs | learnsigma — Thu, 02 Apr 2009 12:00:48 +0000

[...] 4 Steps to Making Strategic Decisions in Today’s Market [...]

By: Jon Bischke

Jon Bischke — Fri, 21 Nov 2008 00:02:14 +0000

The triage part of this article was a good reminder. I was re-calling something that Steve Pavlina wrote a while back on triage. Basically it was something to the effect on divide your tasks into three buckets. The tasks that if you get them right won't matter, the tasks that if you get them wrong matter and the tasks that if you get them right will matter. This is similar to medics performing triage during a war where victims that will live anyway don't need attention and victims that will die anyway don't need attention. It's only the victims who will live with attention and die without that you should be focusing on.

Same is true in these times. Give attention to the elements of your business that do matter and will allow you to be successful. Take attention off of stuff you can't control (e.g., day-to-day market conditions) as well as stuff that's not meaningful (i.e., that doesn't add value).

By: Ben Michael

Ben Michael — Wed, 19 Nov 2008 05:40:06 +0000

I think the point here isn't the header "Analyze Risks," but the substance below the header which says "The biggest assumption from the Sequoia presentation is that the downturn is so large that it will affect us all equally and uniformly. This is patently false."

I think this is right on and reflects a real problem I've seen with startup CEOs reflexively reacting to how the downturn will affect the economy generally rather than to how it will affect their company specifically.

Sometimes the best advice is a sober, concise recount of something people have heard before but they tend to forget in times of perceived crisis. For example, the suggestion to "Break these down into two groups: risks I can control (internal) and risks I can’t control (externalities)" isn't anything new, but it is sound advice that, if taken by more CEOs who right now are running blindly in fear, would do them a lot of good.

In short, this is something I'll be sending to a few friends with a not-so-subtle hint to take the advice, even if they've heard some of it before.

By: “Re-engage the whiteboard regularly.” Amen. | The Vine

“Re-engage the whiteboard regularly.” Amen. | The Vine — Tue, 18 Nov 2008 02:30:50 +0000

[...] must read for your day is David Selinger’s post (”4 Steps to Making Strategic Decisions in Today’s [...]

By: richreads» Blog Archive » 4 Steps to Making Strategic Decisions in Today’s Market

Tue, 18 Nov 2008 02:28:10 +0000

[...] premise of my latest blog (posted to Gigaom.com – 4 Steps to Making Strategic Decisions in Today’s Market) is the need for businesses to take a more analytical approach to address the current environment. [...]

By: 4 Keys Towards Making Strategic Decisions | KillerBlog

4 Keys Towards Making Strategic Decisions | KillerBlog — Mon, 17 Nov 2008 16:15:15 +0000

[...] Things are continually getting tougher, and if you don’t know how to make the right decisions at the right time, you’re basically screwed. That’s why David Selinger, the man behind RichRelevance.com, went on GigaOM to give some decision making tips. [...]

By: Matt

Matt — Mon, 17 Nov 2008 00:02:23 +0000

5) Write generic blog posts full of buzzwords and completely devoid of substance.

"Analyze risks"? Really? As opposed to playing pin-the-tail-on-the-donkey or what?

By: 4 Steps to Making Strategic Decisions in Today’s Market - Gigaom.com | Business Online Information

Sun, 16 Nov 2008 21:04:18 +0000

[...] Read More … ) Related Tags: strategic decisions, 4 steps, s market, financial crisis, [...]