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?
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