Indecision affects your business' revenue, your team's effectiveness, your competitive edge, and your personal relationships.
An Accenture study found that roughly 47% of senior executives reported losing competitive advantage due to being slow to make decisions (Accenture, 2018).
A study published in the Harvard Business Review found that companies who were slow to decide had 40% lower sales growth and 50% lower profit growth over a three-year period compared to their more decisive counterparts (Harvard Business Review, 2010).
According to a survey by the Corporate Executive Board, employees who rate their manager as indecisive are 15% less likely to stay with the organization, and they perform 10% worse than employees with decisive managers (Corporate Executive Board, 2011).