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Insight

In competitive markets, delayed decisions can be more costly than imperfect ones. CEOs must balance speed with sound judgment. Over-analysis slows momentum, while rushed decisions undermine credibility.

The objective is disciplined decision-making supported by relevant data, trusted advisors, and clear accountability.

Key Strategies:

1. Define clear decision rights across the organization.

2. Set timeframes for strategic decisions.

3. Encourage structured debate before resolution.

4. Use data without becoming paralyzed by it.

5. Review major decisions for lessons learned.

CEO Leadership Actions.

Clarify who decides what.

Eliminate unnecessary approval layers.

Model decisive leadership behavior.

Actionable Tip.

* Identify one stalled decision and resolve it this week.

Why This Matters?

Speed combined with quality strengthens competitive positioning and organisational confidence.

About the Author

Ernest De-Graft Egyir, CEO advisor, Thought Leader and Founding CEO of Chief Executives Network Ghana, convenes the Ghana CEO Summit and served on Ghana’s Economic Dialogue Planning Committee.