"My basic principle is that do not make decisions because they are cheap, you make it right." – Theodore Hesburgh
Now more than ever, entrepreneurs and leaders are trying to stretch their money while waiting for a reversal in this economic downturn. Aging times difficult it is causing some companies to make desperate decisions that are not in the best interest of your business or company.
Desperate to make decisions desperate to create results. What do I mean by this? It's like putting a Band-Aid on a gunshot wound. It is a short-term and ill advised. When making decisions desperation, they are reacting rather than responding to the situation, which in some cases can do more harm than good.
These decisions desperate may appear as mass layoffs, having customers who normally do not do business, drastically reducing their rates just to get business in the door or worse, laying low and doing nothing waiting for things to eventually stabilize.
What is the best thing to do in these situations? Before make a decision that may do more harm than good, take a step back, take a breath and take a little time to exit the despair and in a more positive. Once what you can think more clearly and can create more positive long-term, sustainable results.
Here are some questions you it will produce more value-based decisions.
1. What is the breakdown to be addressed? What is the initial cause of concern? Monetary issues? A weakened economy? Take time to identify what is causing the most headaches for you and your team.
2. What is the desired outcome? It's simply dollars you want to deposit into your bank account? Or would you rather start now to build lasting relationships with clients based on trust? The perfect time to create strong bonds between you, your customers and equipment, it is during an economic slowdown. This gives you time to focus on building strong relationships that continue to grow once the economy changes.
3. How will serve the company, or business? always take a hasty decision to create chaos within your company. For example, before dismissing his team members, look at other avenues unexplored income generation, or be creative in your advertising efforts. Carefully examine the long-term effects of taking drastic decisions simply to save money. How the cost-cutting measures affecting their levels of customer service? If you lose valuable people through layoffs, will be able to recruit new at a later time?
4. Does the decision in accordance with the company's core values and visions? When making decisions that affect others, pay close attention to what its core values are expecting. "Instinct" is rarely wrong. You know when you go against all what you and your company has been synonymous for many years because there will be a little voice says, "Wait a second. This decision was not feeling well." Listen carefully and act wisely.
5. Will it produce long-term sustainable business results? What will the impact of the decision you make today in one year, two years or five years in the future? Today's customers still do business with you in the future, or going the route of the dinosaurs and disappeared? Or the implementation of a change in the method of doing business will bring a client's continued growth well into tomorrow? Each action is long-term consequences, so be sure to assess possible future outcomes before making a decision and act accordingly.
6. Can you stand on your integrity if you make this decision? This is the kicker. Can your heart and conscience to live with the decisions of his boss has done? That is what reduces the decision-making to. If decisions and actions you take affect your overall sense of well being, something that is out, and that means that its integrity has been compromised. If you can not make a decision, implement action, and stand by the results with quiet dignity, do not. Look for another solution to your problem.
After asking yourself these five questions, you should have a good idea that the decision is about to make is a valid one that will not keep at night full of fear for the result. And frankly, who wants to live the life of an insomniac terminal? I do not.
Cookie Tuminello, ‘THE Team Builder of the South,’ has been empowering CEO’s, managers, business owners, and team members and igniting productivity since 1999. To find out more about this savvy and successful coach, get her FREE Report “50 Ways To Go From Overwhelmed To Empowered” and receive FREE monthly success tips, visit http://www.cookietuminello.com
Ellen’s monologue about making decisions
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