Most executives prefer accuracy over speed in decision making because they believe that the quality of the decision is more important than the speed at which it is made. They understand that a wrong decision made quickly can have far-reaching negative consequences. Therefore, they prefer to take their time to analyze all aspects of the situation and make a well-informed decision, even if it takes longer.
Follow up to the first part of our Business Strategies and Frameworks compilation, part 2 offers you...
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