Senior leaders say big data, misaligned incentives and bureaucracy lead to bad decision making
Source: The Economic Voice
Excerpt: 80% say flawed information has been used to make strategic decisions
Senior leaders are struggling to make the right decisions, with 72% of organisations admitting to at least one strategic initiative failing in the last three years as a result of flaws in their decision making process, according to research out today from the Chartered Institute of Management Accountants (CIMA) and the American Institute of CPAs (AICPA). Information overload, excessive bureaucracy, lack of trust and incentives that aren’t aligned with goals were all cited as contributors to poor decision making in businesses globally.
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