Have you been bothered by someone who responded with “whatever” to you?
I don’t know about you, but I find that response dismissive and disrespectful.
Bain & Company is a global consultancy whose research has found a consistent correlation between a company’s ability to make and execute decisions and its financial performance. Companies that excel at decision effectiveness outperform their peers by a significant margin—over four times the returns to shareholders over 5 years and higher profits.
Bain’s research has revealed some of the typical decision-making mistakes that companies often fall into, each with its own potential pitfalls:
Perfectionism – Pursuing the ‘perfect’ decision can often lead to delays and missed opportunities. It’s crucial to prioritize timely, well-informed decisions over perfection.
Indecision/Inaction—Failing to decide, thinking that not deciding is better than making a mistake. This decision can also have negative consequences.
Dodging or avoiding difficult decisions – Failing to make tough calls out of fear of the consequences.
Our guest for the next two episodes is Richard Moran. Richard has written ten books and has a compelling syndicated radio show called “In the Workplace.”
He has been a CEO, a venture capitalist, a college president, a business leader in Silicon Valley, and a judge for the Canadian Innovation Exchange.
Richard is best known for his series of humorous business books, beginning with the bestselling Never Confuse a Memo with Reality, which started the genre of Business Bullet Books.
His latest book is: “Never Say Whatever: How Small Decisions Make a Big Difference.”
Website https://www.richardmoran.com
Social Media https://twitter.com/richmoran https://www.linkedin.com/in/richardamoran
Podcast: Play in new window | Download
Leave a Reply
Want to join the discussion?Feel free to contribute!