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What do you do if your role as an executive requires leveraging creativity for better decision-making?

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As an executive, you're often faced with complex decisions that can shape the future of your organization. Leveraging creativity isn't just about having innovative ideas; it's about approaching problems in new ways to find effective solutions. Creative problem-solving is a skill that involves thinking outside the conventional parameters and coming up with solutions that may not be immediately obvious. It can be particularly useful when you're dealing with unprecedented challenges or when traditional strategies have failed. To succeed as an executive, you must harness this creativity to make better decisions that can lead to positive outcomes for your company.

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Muhammad Awais, ACCA

Senior Consultant | Risk & Management Consulting || BA Grad. (Econ.) | ACCA Member
Inayat Kapoor

Founder Project Qaabil | LSR'24 | General secretary- LSR Student's Union | Political Science Major| BVP'21| Mentoring…

1 Embrace Curiosity

Curiosity is the fuel for creative thinking. As an executive, encourage a culture of questioning and exploration within your team. Instead of settling for the first solution that comes to mind, dig deeper. Ask 'what if' and 'why not' to challenge the status quo. By fostering an environment where curiosity is valued, you'll open up new avenues for problem-solving and innovation. This can lead to discovering unique perspectives and solutions that you might not have considered otherwise.

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Muhammad Awais, ACCA

Senior Consultant | Risk & Management Consulting || BA Grad. (Econ.) | ACCA Member
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In my roles as an Auditor and an Edufluencer, curiosity has been my guiding light. Encouraging questioning and exploration in audits often leads to deeper insights and better solutions. Similarly, in academia, fostering curiosity among students sparks innovation and critical thinking. Embracing curiosity isn't just about finding answers; it's about empowering others to ask questions that challenge the norm. It's a mindset that enriches both my professional and educational endeavors.

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2 Diverse Perspectives

To enhance your decision-making, actively seek out diverse perspectives. Surround yourself with a team that represents a range of experiences, backgrounds, and ways of thinking. When faced with a challenge, engage these different viewpoints to gather a wealth of ideas. This practice not only promotes inclusivity but also broadens your problem-solving toolkit. By valuing diversity, you're more likely to uncover creative solutions that are robust and well-rounded.

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3 Risk Tolerance

Creativity often involves taking risks and stepping into the unknown. As an executive, you must cultivate a tolerance for risk within your decision-making process. This means being open to unconventional ideas that may initially seem risky or unproven. Encourage experimentation and accept that failure is a part of the creative process. By embracing risk, you create a safe space for innovation and allow for solutions that could potentially transform challenges into opportunities.

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Muhammad Awais, ACCA

Senior Consultant | Risk & Management Consulting || BA Grad. (Econ.) | ACCA Member
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From my experience, encouraging risk tolerance requires a delicate balance between caution and boldness. It's essential to weigh the potential benefits against the risks involved, ensuring that calculated risks align with the organization's overarching goals and values. Moreover, building trust among team members is crucial; when individuals feel supported and empowered to take risks, they're more likely to innovate and contribute valuable insights. As an executive, leading by example by taking calculated risks yourself can inspire your team to embrace creativity and push boundaries in decision-making.

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4 Continuous Learning

In a rapidly changing business landscape, continuous learning is key to maintaining a creative edge. Keep abreast of new trends, technologies, and methodologies that can influence your industry. Invest time in personal development and encourage your team to do the same. By being a lifelong learner, you'll constantly refresh your perspective and approach to problem-solving, ensuring that your decisions are informed by the latest insights and knowledge.

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Muhammad Awais, ACCA

Senior Consultant | Risk & Management Consulting || BA Grad. (Econ.) | ACCA Member
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As an auditor and edufluencer, I bring a unique perspective to the table when it comes to leveraging creativity for better decision-making as an executive. In my line of work, staying ahead means not just understanding current regulations and standards, but also anticipating future shifts in the industry. Continuous learning isn't just about keeping up with the latest accounting practices; it's about exploring interdisciplinary fields like psychology, design thinking, and technology. By embracing a holistic approach to learning, I enrich my problem-solving toolkit, allowing me to approach audits with fresh eyes and innovative strategies.

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5 Collaboration Is Key

Collaboration can significantly enhance creative problem-solving. Foster collaborative environments where team members feel comfortable sharing ideas and feedback. Use brainstorming sessions, workshops, or think tanks to collectively tackle issues. When everyone contributes, the pool of potential solutions expands, and you're more likely to find innovative paths forward. Remember, the synergy of a collaborative effort often leads to more effective and creative outcomes than working in isolation.

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6 Reflect and Adapt

Finally, reflection is a crucial component of creative problem-solving. After implementing a decision, take time to reflect on its outcomes. Analyze what worked, what didn’t, and why. Use these insights to adapt your approach for future challenges. By reflecting on your experiences, you not only learn from them but also evolve your creative thinking skills, ensuring that each decision you make is better informed than the last.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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Inayat Kapoor

Founder Project Qaabil | LSR'24 | General secretary- LSR Student's Union | Political Science Major| BVP'21| Mentoring Change Making journey | Public policy enthusiast| SDG advocate
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Communication properly and regularly with the team around helps to chalk out more creative Idea and clues. So one should leverage the different ideas with other teammates to bring up creative ideas

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What do you do if your role as an executive requires leveraging creativity for better decision-making?

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3

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1 Embrace Curiosity

2 Diverse Perspectives

3 Risk Tolerance

4 Continuous Learning

5 Collaboration Is Key

6 Reflect and Adapt

7 Here’s what else to consider

Creative Problem Solving

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What do you do if your role as an executive requires leveraging creativity for better decision-making?

1

2

3

4

5

6

7

1 Embrace Curiosity

2 Diverse Perspectives

3 Risk Tolerance

4 Continuous Learning

5 Collaboration Is Key

6 Reflect and Adapt

7 Here’s what else to consider

Creative Problem Solving

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