The Leader’s Guide to Decision-Making and Strategic Planning

“A leader is one who knows the way, goes the way, and shows the way.”

John C. Maxwell

Making sound decisions is the hallmark of strong leadership. Brian Tracy outlines key decision-making and strategic planning principles that separate great leaders from the rest.

1. The Three Types of Leadership Decisions

• Command Decision: The leader makes the call alone.
• Consultative Decision: The leader gathers input but makes the final decision.
• Consensus Decision: The team decides together.
• Action Tip: Identify which decision-making style suits each situation.

2. Strategic Business Planning

• A strong leader aligns company goals with action plans.
• Action Tip: Use SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) to assess and refine your business strategy.

3. The Role of Competitive Advantage

• Businesses that differentiate themselves dominate their industries.
• Action Tip: Identify and leverage your company’s unique strengths to stand out from competitors.

4. Building a Leadership Culture

• Great leaders develop other leaders.
• Action Tip: Invest in mentorship programs and leadership training within your organization.

By mastering decision-making and strategic planning, you can position your business for long-term success.

Learn more about strategic leadership at Succeeding in Business Encyclopedia.