Decision making

“You can’t eat your cake and still have it too.” – Sometimes decisions need to be made with opportunity cost in mind. This may be a very hard thing to do correctly in a time of chaos. Business decision makers need to understand that urgency prevails during this time; time doesn’t stop for you. You shouldn’t be in a position of indecision, wasting time and making assessments on deciding what should be managed first.

Priority

Order of priority should decide for you. This needs to be assessed and ordered with regard to the elements crucial to your business, starting at the entry point; at the top. Anything else that is not mentioned as a Critical Function moves to the bottom. Do add notes or instructions for each functionality and references to your Standard Operating Procedures (SOP) manual; who to refer to when something goes wrong.  Make sure you test these elements regularly.

By maintaining an order of priority your staff can act independently to address the component problems associated with your business functionality. This is an advantage, as it will save managers time and leave staff with a reference point that they can always turn to.

Disclaimer

ResilMe was built with the help of Mangere/Otahuhu Business Improvement Districts and Mangere Connect with the purpose of providing general information and general understandings of business resilience to our constituents, stakeholders. In using this website, you accept that the information is provided in good faith and not based on expert advice but by our own opinions. ResilMe should not be substituted for advice from professional advisors.