Tag Decide

5 Cents

Steve Keating 7 Comments

It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so. – Mark Twain

Nobody can be right all the time but the best leaders are indeed right far more often than not. They are right more often than not because they best leaders have good judgment. The simple definition of judgment is: an opinion or decision that is based on careful thought or the act or process of forming an opinion or making a decision after careful thought.

Both of those definitions have the term “careful thought” in common. A decision based on careless thought is rarely a good decision and never as good of a decision as it could have been. 

A ball and a bat together cost $1.10. The bat costs $1.00 more than the ball. How much does the ball cost? 

Research says that 79% of the people who just answered that question instinctively, without careful thought answered that question wrong. 

Great leaders think and they think carefully before making a decision. They consider the consequences of their decision and the consequences of those consequences. Like a chess master they think several steps ahead of most people.

Great leaders think bigger.

Most importantly they know what they don’t know. They don’t assume much if anything. They verify their facts, they have people who they can bounce ideas off of, they count on those people to tell them the truth, not just what they want to hear.

The best leaders know that they can find out about the things they don’t know. They also know that their real problems come from “knowing” things that just aren’t true.

I think most people actually have the potential to have good judgment, they appear to lack good judgment because their decisions are instinctive rather than informed. They sometimes seem to think that a quick decision is better than a delayed decision. Great leaders know that a delayed right decision will beat a quick wrong decision every single time. Every single time.

I know I’m likely to get hundreds of tweets and responses saying I should go back to school and study math because they believe the answer to my earlier question is indeed 10 cents. 

I thought about telling you why 10 cents is wrong but I’m not going to. Instead I’ll tell you this, if you’re willing to pay attention, really pay attention, then all the information you need to make good decisions and show good judgment is readily available to you. 

You only need to pay real attention, you must linger on the words on the person you’re speaking with until you truly understand what they mean. You must read every word in a sentence because words matter, if you don’t your brain will play tricks on you and make you think that $1.05 is really $1.00. 

Your judgment improves when you think bigger, listen intently and observe with both your eyes and your mind wide open. You have good judgement, the question is will you develop the skills you need to make use of it. 

When you do, you’ll know without a doubt that the ball costs a mere 5 cents.

Good Decisions

Steve Keating 9 Comments

The right decision made at the wrong time is a bad decision. The right time to make a decision is when you have as many facts as you can get to make it. Sometimes it will be all the facts, sometimes it will be enough facts and sometimes you’ll have to make a decision with less facts than you would want. 

But if you intend to lead then you have to make decisions period!

Once you have all the facts available, whether you believe it’s enough facts or not, you must make a decision. Deciding not to make a decision or deciding to delay a decision IS A DECISION and it is frequently the wrong decision. In fact, it’s worse than a wrong decision because a wrong decision can be fixed, a “non-decision” often cannot.

I see people all the time who have the facts required to make a decision and yet just can’t bring themselves to make it. They think and think, rethink and rethink, sleep on it and still don’t come to a decision. 

When they finally decide something it’s often too late to have the positive impact that a more timely decision would have had.

I believe one of the major causes of poor decision making is a lack of awareness of values, vision, and mission. 

When faced with a decision ask yourself how each possible decision will align with your values. Does the decision get you closer to your vision or not?  Does the choice you would make “fit” with your mission? 

Here’s the real challenge: when asked, most people can’t clearly state their values, either their personal values or the values of their organization. Most every organization has some sort of vision and or mission statement but they are no better than a slogan unless people know what they are and actually align themselves to them. A vision and mission statement should be used to guide every decision made in the organization. 

If something doesn’t get you closer to your vision then why on earth would you do it. If something is contrary to your values or the values of your organization then your choice is clear…and much easier.

When you know AND live your values every decision is easier. When you understand your mission, either in business or in life, then every decision becomes clear. 

It requires some serious reflection to truly understand your values. You will also find your values much easier to know than to live. But that’s okay, values can not only help to keep you on track, they can help you get back on track when you fall off the rails.

When you know, really know, what your true values are, when you understand your mission and have a vision for your life and business then you will find yourself not only making faster decisions, you’ll find yourself making much better decisions too.