Ram Charan is interviewed about decisions in the article “You Can’t Be a Wimp — Make the Tough Calls“.
The interesting points are not the three characteristics of a CEO’s decision capability, which is an entirely different but to a certain extent easier requirement and process than the one allowed real-time decision makers such as those in leadership roles in the North Sea.
Besides the many and often clear recommendations, the most interesting aspects are actually found in the associated podcast, where Ram points out that CEOs have become managers of the leadership decisions now being made by the board. The really strategic gambles are now made with the board, in to which the CEO needs to invest a substantial amount of precious time.
Have a read and have a listen, Ram Charan has access to the largest organizations in the US and is most often worth listening to.