The worst business decision is no business decision. Take action. Engage in it fully. Follow through with effective implementation and then step back and take a deep breath. Review. Review the progress and the steps taken to achieve the outcomes.
Here is the most crucial part. Be prepared to drop it with a proper exit strategy. Cutting it loose may be the best action in order to stop from further negative repercussions, if any. Your exit strategy may also involve mitigation measures by having other products or services protect the downside.
Don’t live in fear of potential failure. Not making a business decision and living in limbo land will eat at you, consume your mind and in a management role it can weaken the confidence that your employees should have undoubtedly have in your abilities and actions.
I’ve seen time and money wasted by Managers and Consultants of companies by over analyzing data and engaging in exhaustive discussions and simply not able to make a decision. The angst and lack of progress affects the work environment like a slow poison.
The consideration of money may hold onto you with a deadly grip. Don’t let money control the situation. Remember that you must empower your own being. If the timing may be inappropriate, or there is a lack of bandwidth to take action, or the risk is proving to be too high at the moment, then table the implementation. However, know that this is an active decision based on solid information.
Be brave. Have courage to believe in your calculated decision. Be proficient enough to communicate your strategy effectively to others whom you may need to be on board with you. A unilateral decision may be damaging to the greatest action ever taken. Support of key individuals and believing in yourself will win the day!
Share your experiences and/or frustrations? Do you have suggestions to keep the momentum moving forward?
We’d all enjoy your thoughts! Share your comments below.
Well I am at an interesting crossroads. I’ve taken a new approach on my work and life balance. Working through the week and weekends with early mornings and late nights are in my recent past. Which at some point I’ll probably shed some more light on and satisfy all that curiosity that is out there ;-).
In my today life, I have taken the time to sit back and reflect, while reducing my workload and focusing on things that seem to matter to me right now outside of work. Like riding a bicycle. Interestingly enough I never grew up riding a bicycle. So it’s a whole new world for me. Especially navigating through busy city streets. The history of it is pretty simple and not a very exciting story, but my parents were amazing enough to buy me a bike when I was little and shortly thereafter it was stolen. By my neighbor I presume. And that was that. My parents offered to get me another, however I was busy with soccer and then ventured away to Culver. So, it’s funny because I am really enjoying it now. I think partly because not only do I take casual bike rides, but also it has become a means to an end for me. Like bicycling to an event or speaking engagement, etc … I guess with my personality I just needed a goal, a destination, the feeling of multitasking, so I don’t feel like I am wasting time. I know it seems a bit odd. I can hear my family saying, “oh Avneesh, that figures you’d feel that way.” [With a side to side nodding of the head and a smile].
The fact is that the multitasking part of it all is what drives me to continue bicycling. The fresh air, the exploration, the fitness, meeting with friends at the park, getting to know my community in the local bike coalition and most of all … the time spent with my wife. Actually the credit goes to her. She motivated me to purchase a bicycle with her. She now regularly commutes to work on her bike and though I am still trying to remember to use hand signals while traversing the city of San Francisco, I get out at least a few times a week!
The fact is that it is becoming a simple part of my life. A balanced way of life that I incessantly strive towards. Getting the exercise and the peace of mind while continuing to be productive is a winning strategy to me!
Do you have any productive and fun ways to efficiently multitask? Or suggestions of where some enjoyable and challenging bike trails are in the Bay Area? Share your thoughts in the comments below.