decisions

Four Underlying Motivations To Good Decisions

Four Underlying Motivations to Good Decisions

Pat arrived at the office early. She hadn’t slept well the night before because she was wrestling with an important decision that needed to be made in her Executive Committee meeting that morning. They had been evaluating the development and launch of a new product for the past six months. Today they needed to make a final decision on whether they were going to move forward. The discussions had been thorough yet difficult with wide ranging opinions on what they should do. There was significant risk associated with the launch, but the potential reward could be a greatly improved market share. As CEO, she needed everyone to make a full commitment to the decision, and while the objective analysis appeared to lead the team to adopt it, a number of other issues had arisen, and there was a LOT of debate. (more…)

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What to Do When You Don’t Know What to Do

What To Do When You Don’t Know What To Do

As a leader, the “buck” for certain decisions stops with you. You’re responsible for outcomes impacting your team, your organization, your career, your family and friends. Sometimes the choice is clear, but frequently, it’s not. Ambiguities are the norm, and while there is pressure to make fast decisions, you know that it’s more important to make timely decisions. Meanwhile, stakeholders press you because they have their own motivations and need to know how your decision impacts them.

Good decision-making isn’t based on the quantity of information you’re able to review, but on the quality of information you’re able to comprehend and process to the right conclusion. Good decision-making brings together intuition and systems understanding of the many networks impacted by the choices you make. It incorporates intellectual agility to draw conclusions from a broad array of facts and data to reach desired outcomes, with the political savvy to navigate varied perspectives and power dynamics. Thus, decision-making is not only a science but an art.

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Who Owns You?

Who Owns You?

CEOs and individuals in business leadership roles are frequently confronted with the dichotomy of making decisions to ensure the long term health of their companies, while maximizing short term profits. Their management roles compel them to lead the organization as if they are owners, but in reality, these organizations are owned by and at the mercy of investors and customers who determine the value of their products and services.

In a recent survey conducted by Fortune Magazine, 77% of CEOs said it would be easier to manage their companies if they were private¹. This feedback comes in a climate of increasing numbers of activist investors who purchase a significant amount of company stock, then proceed to make recommendations to the board and company leadership on how they should run it to increase value. To be fair, all such suggestions are not bad, and some have led to considerably positive results in the bottom line of these companies. But these CEO owners may find that their company’s mission and purpose are no longer aligned with where others want them to go.

Customers also have a powerful voice in shaping corporate strategies and decisions. Pepsi worked hard over several years to reformulate its diet cola to remove aspartame, thereby meeting the needs of people who wanted to move away from artificial sweeteners. However, many other diehard Diet Pepsi drinkers didn’t like the taste with the sucralose replacement, and complained loudly. So Pepsi recently announced that the old aspartame formula would return to the market, and they will sell both versions to meet the needs of all those customers. Oh, and did I mention that their sales volume slumped more than 10% during one of the quarters that the aspartame formula was off the market?
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Left Hand Right Hand: Balanced Leadership

Left Hand – Right Hand: Balanced Leadership

Miles O’Brien (200×133)” width=”150″ height=”133″ />Miles O’Brien woke up and sensed that his left arm was there. But when he looked down, it was gone…amputated during surgery as a result of a freak injury several days prior. He wondered how he would provide for his family and perform little but important daily functions that we take for granted. As an award-winning science journalist and CNN contributor he traveled extensively, and was an active sports enthusiast. So what would his life be like now? Rather than retreat into the shadows, he dove into the rehabilitation process and challenged his occupational therapists and prosthetist to help him find ways to continue his normal activity level. They quickly responded and helped him to fulfill his plans of traveling to the Artic, including camping for 4 days on the Denali ice sheet, and riding his bicycle 300 miles across Michigan in two days. But to do so they had to outfit him with equipment and prostheses to replace his arm. He couldn’t function without a workaround strategy to replace that arm, because his body, and our bodies, needs two arms for balance. (more…)

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