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Management
faces many difficult decisions that not only effect current results, but may have far-reaching consequences. Every situation
is unique and there are no formulaic answers to fall back on.
Essential information
needed to support a decision is often fragmented and not easily accessible. Participants could have ulterior or conflicting
motivations. Even prioritizing time to address these issues, while facing short-term crises, can present a challenge. Too
often the result is no decision.
Unfortunately,
the cost of making a poor choice — or, worse, making no decision — can have a staggering effect on revenue and
profitability. And these are not the only concerns. Financial and other critical assets might be depleted as well from:
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Unwise use of time by management,
staff, board and advisors;
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Misdirected activities that
must be unwound later;
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Lack of a clear mission, causing
management to go in different directions;
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Management’s inability
to secure funding;
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Personal anxiety, frustration and stress
pervading the group’s actions.
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