You have to make business decisions quite often, some of which are fateful. Therefore, each senior manager should have decision-making methods and tools that would facilitate this process for the company’s management. These include board portals.
What program to choose for meetings of managers?
Board portals are handy tools for senior managers to get together and discuss company issues. In this case, the entire meeting can occur remotely or directly in the office. There are many different programs; below you will find several options.
- BoardMaps. An excellent option for large companies whose managers often make major decisions during meetings. When it was created, all the “pains” of top managers were taken into account.
- iDeals. To many, this program is well known as a virtual data room. Here you can safely store your company files and hold meetings, vote, and approve decisions made with an electronic signature.
- Diligent. One of the oldest programs of this type was developed in 2001. Since then, it has been used by almost a million senior managers. You can create a meeting plan here, hold online meetings, upload files in different formats, sign them with an electronic signature and do many other convenient things.
- Nasdaq. This application uses the most powerful and reliable servers in countries such as Canada, the US, and the UK. You can store your files here under the protection of multi-factor authentication and encryption (like in a virtual data room) and conduct online meetings.
Of course, you should not be limited to these programs – look at all the possible offers to choose the one that suits you the most.
Some advice on decision making
There are dozens of methods for making business decisions. Which one to follow is up to you. Below are some tips to help you move in the right direction.
- Fast decision-making. Decision-making speed is an innate quality. Many business people who make decisions quickly move, speak, and think quickly. But this speed can be increased. For example, following the so-called samurai method: the decision must be made in seven breaths and exhalations, and if the problem is not solved, it must be discarded.
- Knowledge of public opinion. When you are researching views about your product, a positive answer to the question about its future fate does not mean that the product/service will sell well when testing a prototype or after entering the market. People, by nature, lie or don’t want to offend you.
- Knowledge of risks. The chance to make the right decision increases significantly if all possible options are in front of your eyes. The same is true for your client.
- Teamwork. One of the critical tasks of a leader is to create a complementary team in which each player is superior to the leader in a particular area of knowledge or skills.
Don’t forget to think ahead with every step you take; board portals will help you do it technically.