Why do executives sometimes fail to act on proposed ideas that could save a company substantial amounts of money? Is it due to their complacency or incompetence? I am unsure of the correct answer. I want to give executives the benefit of the doubt. Most executives were promoted to executive positions because they are smart and are effective leaders. They have made good decisions in the past.
But is there change in the wind? I sense that an explanation for less risk-taking by executives, such as they’re not acting on a proposed idea, involves the emergence of business analytics and big data. It can be explained with a pyramid depicting how a shift in power and influence from executives to employees is increasingly affecting various types of decisions.
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