Decoding strategic decisions

In this episode of Vistage LIVE, host Stephanie Christopher sits down with Dr Chris Stephenson. As a transformational leader with over 25 years of global executive experience and a doctorate in strategic decision-making. Chris has led company turnarounds in 12 countries and now mentors CEOs, helping them navigate complexity, make smarter choices, and drive real business growth.

Throughout the conversation, Chris dives into why so many leadership teams fall into the trap of suboptimal decisions and how office politics can quietly derail even the best strategies. He explains how creating an environment that values diverse perspectives can help leaders spot blind spots, challenge assumptions, and make stronger choices.

Listeners will gain practical insights into recognising whether decision-making in their organisation is healthy or flawed, as well as actionable tips to sharpen focus, spark innovation, and lead with confidence.

• The prevalence of poor decisions: Research from McKinsey shows that 85% of top management decisions are suboptimal. Only 15% of boards and executive teams consistently make strong strategic choices.
• The hidden cost of organisational politics: Chris notes that the more politics in an organisation, the higher the risk of poor decisions. However strong leadership, clear processes, and transparent governance can counteract this.
• Diversity of thought matters: Leaders should invite different perspectives, encourage quieter voices, and create safe spaces for constructive challenge.
• Hiring for attitude, not just skills: Skills matter, but importantly, attitude often determines long-term success. Chris emphasises hiring people with the right mindset from the outset.
• Boldness and adaptability: Boards are often risk-averse. CEOs should be willing to experiment, pivot quickly when needed, and embrace change.
• Execution is as critical as strategy: Even the best decisions fail without proper follow-through on budgets, priorities, and talent.
• CEOs don’t need all the answers: Instead, admitting when you don’t know, leveraging your team, and encouraging diverse input leads to stronger outcomes.

Chris’ insights reinforce that strategic decision-making must be bold, transparent, and inclusive. By avoiding “corridor conversations,” fostering open dialogue, and prioritising execution are essential for turning strategy into results.