“Cloned” Decision-Making Expertise and MIP’s ICR enable individuals to
align the execution of decisions with strategy

“Companies spend millions of dollars with consulting firms and through internal processes trying to get their vision for the future right,” according to Dr. Paul Argenti at Tuck School of Business.

But what most companies forget, he observes, is that “you need to execute strategy through people and communication.”

“While the value of such an approach is clear, particularly in a volatile business environment, there is also a built-in risk,” according to Orit Gadiesh, Chairman of Bain & Company.

“An organization in which everyone is a decision maker has the potential to spin out of control,” she notes.  “Within a single company, it’s tricky to achieve both decentralized decision making and coherent strategic action.” 

This is indeed a high-risk situation because as K. A. Ericsson, a recognized world leader in expertise, says it can take 10 - 20 years of training, painful self-assessment and costly trial and error experience to become an expert. Even that does not guarantee that a person will develop the expertise needed to be an expert or a high performer who makes the right decisions at least 80% of the time.

Individuals throughout an organization continuously make decisions.  MIP’s Intellectual Capital Repository® (ICR) keeps the execution of those decisions aligned with strategy.

First, the ICR overcomes the risk associated with decentralization where everyone is a decision-maker. MIP solves this problem by using its proprietary processes for “cloning” the decision-making processes of experts and then making those “cloned” processes available to other individuals through the ICR.  …More about MIP’s Proprietary “Cloning” Processes

Second, the ICR solves communication problems by establishing and enforcing a “one-term one-meaning” protocol throughout the organization.  Employee misunderstanding not only impedes realization of an organizations objectives but it cost an organization an average of $62 million a year, according to IDC research. 

When employees use the ICR, consistent terms and meanings ensure that individuals understand strategy, their jobs, the judgments that need to be made and the actions that need to be taken.  …More about Solving Communication Issues

Third, the ICR integrates decision-making and management control processes that ensure that the execution of decisions are aligned with strategy.  Actual performance and prior judgments can be tracked and correlated with the mental steps in decision-making processes.  This enables individuals to perform the self-assessment that enables them to identify when execution is not aligned with strategy and make the necessary improvements. 

Managers or a governance team can identify misaligned executions and intervene.  They can also identify superior performance that is aligned with strategy and track it back to the mental steps used to create that performance and then ensure that the those mental steps are shared through the ICR with other employees worldwide. …More