Tag - Good Decision Making

Are you confronted with complex business decisions? Also, are you at a loss where to start? This is where good decision making tools are priceless. Here you will learn about team decision making. Additionally, you are introduced to 12Faces StrategyTrees. These are tools for effective strategic planning. What is HiPPO? It is the highest paid person’s opinion – fascinating. The 5 Whys Problem Solving Technique will give you skills that will lead to solutions. Are you inundated with tasks? Go to the article “Getting Stuff Done When There is Lots”. The 80/20 principle teaches you how to determine the 20% of tasks that will give you 80% of your outcomes.

Critical Financials for Business Explained

Critical Business Financials Explained provides a commentary on Tips that appear in the 12Faces TrendBoard family of analysis tools  

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How to use StrategyTrees for Effective Strategic Planning

Every type of Enterprise faces the need to develop a Strategy and then implement it.  12Faces has been doing this in its own businesses for many years and we have developed a very practical approach which we share with you here. This is a blue belt article.

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How to Manage Highest Paid Person’s Opinion – HiPPO

When a HiPPO (highest paid person’s opinion) is in play during staff meetings, it is doubtful that your enterprise is relying on data to inform decision-making. In fact, the HiPPO effect will be killing debate in your team meetings. Is your business making decisions based on what the HiPPO wants...

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How the Profit Flywheel Accelerates Your Business

This is the 12Faces structured roadmap to growing your business. We use the flywheel to explain the structure of the material. It is one of many possible roadmaps to growth. Use it as a suggestion tool to incorporate into your business planning. Yellow Belt

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How the Plan/Do/Check/Act (PDCA) Cycle Builds Important Routines

The business world is full of uncertainty.  Many managers cross their fingers, build the planned addition to their business in its entirety, or their start-up, then launch it and pray.  The most common outcome from this approach is - failure or, at best, mediocre success.  Starting with the auto industry...

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80/20 Principle and the Theory of Constraints

This is 12Faces equivalent of Godzilla meets the Hulk! In our language it is the mixing of the 80/20 Rule, which promises up to 16x growth and the Theory of Constraints (TOC) approach, which describes the most liberating aspect of your production line.

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How to Use 5 Whys Problem Solving Technique

Five Whys and its sister Five Hows is a brainstorming tool that drives you to the reasons behind something happening when it is not obvious (5 Whys problem solving) or a desired outcome (5 Hows strategy).  Yellow Belt article

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LB4: Getting Stuff Done When There is Lots

As a business manager, there is always more to be done than you possibly have time for.  If you want to work reasonable hours and have a life outside the business, you will have to prioritise what you do.  This article describes several techniques that can help you reduce the...

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Using Weights and Scores Prioritising Technique

When you are faced with many alternatives, it can often be very hard to choose between them. They will be strong on some things and weak on others; but hardly ever the same things. The sort of problem you face when choosing a car or a new staff member for...

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