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An Idea A Day by David Thompson

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MANAGING

ALLOW CHOICE TO DRIVE DECISIONS

Jonathan Gifford

LEADERS MUST SET the broad direction of an organization—the core vision—but the collective intelligence of the organization can help decide how best to achieve that vision. The more broadly this collective decision making is based, the better.

This is a form of market-driven decision: letting the market (in this case, the organization’s collective talent) dictate where the organization should direct its efforts.

The idea

Mukesh Ambani is the chairman and managing director of Reliance Industries, India’s largest private sector corporation. His father, Dhirubhai Ambani, founded the company, ...

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