#487 Four Steps to Make Better, Faster Decisions Without Sacrificing Quality

Join Coach Curl on the Today's Leader podcast as he tackles the common challenge of analysis paralysis. Learn how to make effective decisions quickly without sacrificing quality. Discover four practical strategies to find the balance between speed and strategy in leadership.

leadership, decision making, analysis paralysis, business strategy, Coach Curl, Today's Leader podcast,

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⏱️⏱️VIDEO CHAPTERS⏱️⏱️:

00:00:00 - Understanding Decision Speed in Leadership

00:01:08 - Why Speed is a Competitive Advantage

00:02:05 - Setting Time Limits for Effective Decisions

00:03:02 - Overcoming Perfectionism in Business Decisions

00:03:57 - Using a Simple Decision-Making Framework

00:04:53 - Becoming a Confident and Timely Leader

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Way to go, guys. Way to go. Keep it

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going. Good job, guys. All right, Paul, I

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see you. Great job, guys.

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Hey there, it's Coach Curl here, and

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welcome to the Today's Leader podcast,

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Building Tomorrow's Best Leaders

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Today. Today's episode is for

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every leader who's ever felt stuck

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in analysis

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paralysis. So for

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every leader out there that's ever felt

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stuck in analysis paralysis.

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Now you know when that happens. We've got

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too many options, too much data. There's

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not enough clarity on the way forward.

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And before you know it, the decisive

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moment to act has passed.

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So today I'm going to break down how to

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make better, faster decisions without

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sacrificing thoughtfulness or

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completeness or impact.

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So why does it matter?Decision speed

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matters. In business,

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we know speed is a competitive

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advantage. If you can get a product to

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market quicker than your competition, it

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is a competitive advantage and that's

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just one example. Delayed

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decisions slow down your team

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and cloud momentum. In

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fact, many times if we're waiting for

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decisions to be made, our momentum grinds

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to a halt. But we

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don't wanna rush with our clarity, do we?

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Because there's risk in that,

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so. Decision speed

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matters, but we need to make sure we've

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got some parameters around that so that

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we can make sure that it happens. The

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goal is to find the sweet spot between

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speed and strategy. And

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yes, it is absolutely

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possible. So let's look at four ways that

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we can do it right. Firstly, set a time

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limit. Not every decision need

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weeks and weeks of debate. Endless

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meetings, right?For most day-to-day

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choices, uh, we just set a deadline to

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decide. I'll decide by 4:00

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today might be a good place to start.

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And those boundaries actually force

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clarity, right?So if I've got to make a

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decision by 4:00 today, I am going to

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force that clarity on making that

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decision stick #2. Know

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what matters the most. So we've

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got to look at how does this align with

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our goals and what serves our team or our

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customers or clients best, right?So what

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aligns with goals and what serves our

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team or our customers the best?

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If we focus on things like values and

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priorities, we start to eliminate some of

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that noise as well. Sometimes step

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#3, we've got to embrace good enough.

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Perfectionism is a

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killer in business. When we're chasing

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the perfect decision or a

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having the perfect amount of information

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that we can make the right decision

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sometimes kills our business.

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Perfectioni perfectionism

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is the enemy of progress, right?If the

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decision is low risk and easily

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reversible, don't overthink it, right?

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Don't overthink it. Make the call, move

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forward and adjust it if we need it.

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Too many people get locked into making a

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decision and then sticking with that

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decision and not adjusting it because

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they've got this thought in their mind

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that it will make them less important as

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a leader. The reality is for low

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risk decisions, we can

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easily reverse decisions, right?So

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don't overthink it. And step

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#4, use a decision like a

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framework, right?When I worked with our

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within the Bunnings organization, we had

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our leadership model and our managing

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director, John Gilliam, always talked

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about how he used that leadership model

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as part of his decision making framework.

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But here's one that you can it. It's a

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simple one that is easily used in just

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about every situation, right?Firstly,

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let's define the problem. #2

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List two or three options. You don't

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wanna go overboard with options. List two

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or three options. Weigh up the impact and

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the effort and choose, commit and

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communicate. There's a lot of

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decision-making frameworks out there, but

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there's a simple four-step one just for

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you. Define the problem, list two or

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three options, weigh up the impact

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and the effort, and choose, commit

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and communicate. And what that does,

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it creates clarity and keeps your

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momentum moving.

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So just to summarize, you do not have to

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be perfect. You just need to be

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clear, confident and timely.

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Because the best leaders aren't those

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who know every answer, right?They are

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not those that know every answer.

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They're the ones who make bold, informed

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choices. And keep moving

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forward to gather momentum.

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If this episode has helped you,

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please share with a fellow leader and

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wherever you're listening or watching,

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please like, subscribe and leave a

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review. Um, it really does help the

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Today's Leader podcast get found.

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Thanks. Thanks so much for listeningJust

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and watching and continue making.

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Tomorrow's best leaders today.