Formalizing Decision Making | FABIO RICOTTA

Key insights

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  Formalizing decision-making processes and creating a bank of responses can help employees make faster and more practical decisions, ultimately benefiting the company.
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  Every decision should be formalized and explained logically, using various ways of connecting information to make the best choice.
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  The speaker highlights the importance of decision-making files in different areas of a company, such as operational, commercial, HR, and financial, emphasizing the need for effective decision-making processes.
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  Creating a manual or documentation can help ensure knowledge management within an organization, making information easily accessible and understandable for others.
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  Decision-making routines can be helpful in proposing operational solutions and improving decision-making processes.
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  Creating a decision-making bank can make it easier for subordinates to make decisions by consulting previous decisions and explanations.
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  Continuous improvement is essential in decision-making, as it allows for growth and refinement in both the decision-making process and communication of decisions.
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  Improving communication formats can benefit not only oneself but also the people around, creating a win-win situation.