‘Information evaluation, decision-making techniques key to business success’

Using relevant information, reaching and implementing decisions quickly, streamlining operating models, building an organizational culture were identified as factors that would enable business leaders to succeed more in their organizations.

This was the opinion expressed by the speakers in the inaugural edition of General Management Accountants, CGMA Habla Series, Lagos and was organized by the Collegiate Institute of Accountants Management, CIMA, in collaboration with Phillips Consulting under the theme; "The event, which hosted the high-level leaders of local and multinational companies, spoke to power by insisting that leaders should lead by example while encouraging their employees to realize that they are part of a system in An organization and do not function as individuals.

Opening speech Internet broadcasting and technology, President CIMA, Andrew Miskin said that the mode of communication around the world has evolved due to the invention and development of the Internet and technology now with real-time data easily Available for commercial information exchange and is now a comprehensive two-way process. However, he noted that, despite the presence of abundant data, the interpretation of information has become less clear today due to overhead registration. "We have real-time information about what is going on in our business, but we can not have real-time help with data.

This gives us a very different view of the decision-making process that can Accounting, since he is not comfortable with that, "he said. On the other hand, the CEO, Phillips Consulting, Folusho Phillips, said that if we make the relevant decisions, the ability to articulate, make and execute decisions is also a key component of decision making quickly. "Yes, we have to make good decisions, but once we make a decision, it is the execution speed that matters because that is how we execute such a decision could determine the outcome of this program or this plan goes beyond the decision in The right time, this is implemented and to make sure that making the right decision quickly make the right decisions and it is necessary to execute it. "