By Staff Reports
(DGIwire) – For CEOs, decision-making is one of the key responsibilities of the job. But making the right decisions can be a tricky process: some require methodical planning while others need to be made very quickly. Nicholas Clark, CEO and Director of Alexium International, a specialty chemicals manufacturer, has valuable insights on this topic and recently shared some of them in an article on CEO.com. According to Clark, there are four things to remember to guide the decision-making process:
- Cultivate insights and different perspectives: Hiring intelligent people who can be trusted will prove to be a valuable resource when tough decisions need to be made, says Clark. Pick their brains and utilize the team to weigh options in order to make a more educated decision.
- Convey consistency with company culture: One of the most important factors to keep in mind when faced with critical decisions, Clark notes, is how the choice will ultimately help the company move forward while staying true to its philosophy. Deviating too far from company values can cause confusion.
- Communicate conviction: Once the decision is made and the plan is established, stand by it, urges Clark. As the person in charge, it is vital for the CEO to inspire confidence to ensure the team is fully on board and committed to executing on the company’s goals.
- Craft backup solutions: Often a decision will not turn out as originally planned. Having a backup plan in mind when a decision takes a turn for the worse is critical for any CEO. For every decision, try to imagine all worst-case scenarios and develop plans of action should they become a reality.
“No CEO is ever going to make the right call 100 percent of the time,” Clark says. “It is not uncommon for them to struggle with the responsibility—but keeping these points in mind can help significantly.”
Clark puts his insights into practice at Alexium, which develops next-generation chemicals with the goal of balancing fire protection properties with ecological safety. Its processes and products are intentionally designed to meet exacting requirements for safety and environmental sustainability. For example, Alexiflam NF is specifically designed for cotton and cotton blends often found in products such as workwear, apparel and upholstery. Alexium also developed a chemical solution designed for its military division called Alexiflam FR. In addition to uniforms, Alexium’s chemistries have been developed to protect military tents, backpacks, tactical gear and accessories.
“By adhering to the four insights I’ve summarized, making those critical decisions will not seem so daunting to CEOs in the course of business,” Clark adds.