Friday, 03 March 2017 07:17

Release yourself from analysis paralysis

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Analysis paralysis can cripple the agility of enterprises, amd make them fearful of making any decision at all. Here are tips from Chris Dalton to overcome this plight.

Passionate entrepreneurs launching start-ups here and there are exciting news, but if you work in an enterprise chances are you're more familiar with managers afflicted with "analysis paralysis", so concerned about making the right decision they effectively make no decision.

Chicago-based entrepreneur Dalton says for every entrepreneur with golden business propositions there are a number of businesses struggling to get on their feet due to a lack of a focused decision-making process.

Nearly 15% of start-ups fail because they lose focus on their goal, he says.

Dalton knows what he is talking about, having founded three successful tech companies including Acquity Group that sold to Accenture for $316 million and CloudCraze which just nabbed $20 million in Series A funding.

Dalton says you can avoid analysis paralysis with these simple tips:

  • 1. create a due date for decisions to keep ideas and progress flowing;
  • 2. carefully vet team members who are willing to make tough decisions and keep the boss accountable;
  • 3. find complimentary outside parties who share your vision and understand your goals;
  • 4. choose partners who respect your needs and complement your abilities, strengths and work styles; and
  • 5. strategise risk diversification with chosen partners to make taking risks more financially viable.

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David M Williams

David has been computing since 1984 where he instantly gravitated to the family Commodore 64. He completed a Bachelor of Computer Science degree from 1990 to 1992, commencing full-time employment as a systems analyst at the end of that year. David subsequently worked as a UNIX Systems Manager, Asia-Pacific technical specialist for an international software company, Business Analyst, IT Manager, and other roles. David has been the Chief Information Officer for national public companies since 2007, delivering IT knowledge and business acumen, seeking to transform the industries within which he works. David is also involved in the user group community, the Australian Computer Society technical advisory boards, and education.

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