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The RAPID model, developed by Bain, can be implemented in a company's decision-making process through the following steps:
1. R (Recommend): The team or individual who has been analyzing the situation and understands the context should make a recommendation.
2. A (Agree): The key stakeholders who will be affected by the decision should agree with the recommendation.
3. P (Perform): The team or individual who will execute the decision should be involved in the process.
4. I (Input): Input should be sought from teams or individuals who have relevant expertise or information. This could include creative, sales, and marketing teams.
5. D (Decide): The final decision should be made by a designated individual or team, such as the executive team. This ensures that the decision is made in a timely manner and that responsibility is clearly assigned.
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During the in-action phase, present and discuss the facts, then debate and decide on the best decision. The input and agree roles are important here, and should be relevant to the final decision. For instance, you'll want input from creative, sales, and marketing teams on whether a new product is worth the investment. But it will ultimately be up to other roles, for instance, the executive team to make the final decision.
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Decision-making is a critical skill that can make and break your team’s success. Originally developed by management consultancy Bain, the RAPID model...
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