Your Journey to Integrated Thinking

This tool will help you identify the key areas that your organisation may need to address to deliver more effective decision making.

Your journey to integrated thinking
 
This tool will help you identify the key areas that your organisation may need to address to deliver more effective decision making - from the quality of management information, to the fitness of organisations’ people and processes. In short, organisations must improve their ability to think in an integrated way.
 
To improve their decision-making processes, organisations will need to make hard changes to processes and tools, but also changes to behaviours, culture, and leadership styles:
 
  • Build greater trust between leaders and employees to improve the sharing of information and to ensure fresh perspectives are heard in supporting decision making.
     
  • Balance both financial and non-financial information to capture a broader understanding of all the key value drivers, moving away from a solely traditional view of value in a business environment where that no longer makes sense.
     
  • Share relevant data that has insight layered onto it, to ensure that leaders can extract meaning from data and apply it in the right context.
     
  • Drive greater collaboration to make sure that the people with the right knowledge and experience from different business units and functions are involved in making decisions.
     
  • Put the right incentive structures in place to encourage decision-makers to take choices that will create value for the short, medium, and long term.
     
  • Place greater emphasis on engagement with external stakeholders to develop a broader perspective on stakeholder value, helping to ensure the organisation’s strategy is sustainable for the long term in today’s fast changing world.
     
  • Work harder to learn from the outcomes of previous decisions, adjusting review processes and performance metrics to drive better results in the future.
     
  • Create greater transparency into how and why decisions are being made.
     
  • Help to develop a deep understanding of the organisation’s business model and align all employees with the wider strategy so they can work towards a common goal, and facilitate enhanced relationships across the organisation.

 

CLICK HERE TO DOWNLOAD THE REPORT FROM CGMA

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