ECONOMICS

Detailed explanation-1: -Decisions are forged from putting alternatives on the anvil and hammering them out, and everyone on the team has a part in that process. Through discussion, team members move past the initial disagreement towards a decision that everyone can support.

Detailed explanation-2: -The ultimate decision maker is, of course, the CEO, who should consult both groups deliberatively. The key is to give the executive committee specific advisory and coordinating responsibilities while building a small, effective, and still-nameless kitchen cabinet that is free of the tyranny of the org chart.

Detailed explanation-3: -Diversity Drives Better Decisions “Inclusive teams make better business decisions up to 87 percent of the time.” “Teams that follow an inclusive process make decisions two times faster with half the meetings.” “Decisions made and executed by diverse teams delivered 60 percent better results.”