Former Army Colonel Robert Hughes, now a professor at the Kellogg School, has some great advice for leaders facing tough decisions. In a feature for Kellogg Insight, he argues that you have to identify and clarify your information priorities. According to Hughes, "This means determining the most important information they will need in order to decide—as early as possible—whether the plan is moving forward as intended, or whether it might need to be adjusted." He goes on to explain, "“The leader’s role is to define what success looks like for each operation. Then you think about what essential information is needed throughout the plan to achieve success.”
Establishing your information priorities is only a first step though. Hughes argues that you have to link those information priorities to decision points that you anticipate will occur moving forward. In other words, you have to anticipate key choices you will have to make and roughly when you might need to make them, and identify the data you will need to make those decisions effectively.
Finally, Hughes argues that you have to communicate your information priorities clearly and concisely to your team. You have to encourage people to share key data, including problems or unexpected issues that arise. Moreover, you have to be willing to adjust your plans and priorities when things don't work out as planned.
Hughes' advice is terrific. I love the notion of anticipating the information you may need to make good decisions as you execute a plan of action. In addition, I think it's critically important to anticipate key decisions that you might have to make, and preparing yourself to make those choices as much as possible. Mountaineer David Breashears once told me that he played out many scenarios in his mind before beginning to climb a mountain. Moreover, he thought carefully about the types of tough decisions he might face, including whether to turn around himself or to direct a team member to return to base camp. Breashears argued that thinking carefully about the "exit decision" before you launch is critically important to helping make that challenging decision. He also argued that you have to discuss those issues with your team before you begin your journey. His advice is very consistent with Hughes' approach to planning and execution. Both men have offered good lessons applicable to business leaders.