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Useful reminders from David Cote on decision-making. He says its not about getting it right at the beginning of the meeting but by the end of the meeting. This is to emphasize that its a manager's job to get all the facts during the meeting- or several meetings- and then assess the situation for making a decision. Then no decision is final, it should be reassessed in 48-72 hours based on new information and reassessed afterwards for effectiveness based on new information and results. Getting results the right way is getting them with a discipline or process so that it can be repeated three years or five years from now.
Grouped Articles
Honeywellâs David Cote, on Decisiveness as a 2-Edged Sword
New York Times 11/02/2013
Grouped Articles
Honeywellâs David Cote, on Decisiveness as a 2-Edged Sword
New York Times 11/02/2013
David Cote of Honeywell is one of the CEO's most actively involved in the debt negotiations. Republicans take issue with his support for higher tax rates saying small business owners are affected by higher tax rates more than CEO's of large companies. Democrats including president Obama are pushing Cote to get Republicans to give in on higher tax rates in exchange for serious entitlement reform. Obama told Cote in one meeting with CEO's: "Tell Republicans you will give them cover for tax increases if they want tough entitlement reform." Dave Camp, Republican head of the Ways and Means Committee in Congress says raising tax rates is not the way to get Republican buy in.
Grouped Articles
Honeywellâs David Cote, on Decisiveness as a 2-Edged Sword
New York Times 11/02/2013
Honeywell CEO in the Middle of Fiscal Cliff Standoff
Wall Street Journal 12/13/2012
Wall Street Journal 03/06/2013
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