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Six Steps for Overcoming Analysis Paralysis in Your Firm

 
  Arthur F. Rothberg, Managing Director, CFO Edge, LLC  
   
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  Article Summary  
A significant downside of taking a long time to analyze a challenge or opportunity is the possibility that we become paralyzed by over-analysis and never take any action at all.

In these situations, the desire to guarantee a perfect outcome brings to mind the saying, "great becomes the enemy of good."

By contrast, launching initiatives with an iterative process - even without a great solution initially apparent - starts forward motion and allows for improvements along the way.

A tested and proven methodology of this nature features six steps for overcoming analysis paralysis.

Start now with initiative definition, scope, solution development, deployment, documentation, and team debriefing – and then iteratively repeat as needed.

For Los Angeles and Southern California executives, applying these steps helps to both capitalize on new opportunities and avoid a host of financial and operational issues driven by delay.

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