The market has changed, the rules have changed.
Innovation still gets ahead and forces the fast companies on its market to kill and eat the slow! The fast companies seem to know what the future will bring because they see trends that create their future while those who sit and wait for reactions will be gone soon.
This is our current present.
Q.: What can you do when you´re one of the slower companies with a strong will to not give-up?
Answer: To gain more confidence & speed within your company you need to be and to develop fast decision makers!
What does it mean?
CONFIDENCE: definition by wikipedia
Confidence is generally described as a state of being certain either that a hypothesis or prediction is correct or that a chosen course of action is the best or most effective.
If I relate this to your decision making ability I tend to exchange the words hypothesis and prediction with 2 new words: information and expectancy. We make decisions on the lack of uncertainty – best case – which is filled with information, plus we decide to reach a goal or stop a pain by expecting a positive outcome.
If you want to be or become a fast decision maker who may reach rather a positive than a negative outcome, you need ot be informed and experienced, at some point. To gain decision-experience you have to be more active making decisions.
If you want to fulfill your expectations with the aim to reach a goal you need to know a lot of about the goal and its status. Remember you can only travel to a destination you already know. That means “arriving”! Arriving at a goal means the chosen course of action was at its best.
SPEED: definition by wikipedia
In everyday use and in kinematics, the SPEED of an object is the magnitude of its velocity (the rate of change of its position!)
Magnitude is the quantity of either the relevant decisions and the course of correction which are also decisions you and the team has to make and to perform. HINT: know up-front how many decisions you have to make actively to get to the goal and stop wasting time waiting for something happen for you. Nobody will come and deliver a result unless you order and pay for it.
Velocity is how fast or quick you are with your decision making, either per day or per week. That includes to make the change of course and to stay there and perform it with all the consequences. How fast does your team work on the consequences after you made the decision? Who is allowed to decide what? How much feedback do they need in general and how much do they know up-front?
If you plan to become a fast player on the market, with the need of survival, keep an eye on these 2 aspects and start practicing your decision ability!
…. any questions? Feel free to contact me, call me ……
BE A DECISION MAKER. BE OUTSTANDING.
rita jaskolla – Leadership Architect –