Decision Making

North Is Always Up

2021-08-31T00:13:51-05:00December 20th, 2019|Tags: , , |

Most corporations work together with several layers of the organization to develop “core values”. Core values are the intrinsic beliefs that drive decision making for the company. Families can take the core values a step deeper by applying them to the family as well as in business. Many of the parables that Christ used to teach us are infused with ...

Too Fast to Folly

2019-12-02T17:04:41-06:00December 9th, 2019|Tags: , , |

We are not a patient society, and yet it’s a characteristic that can serve us all well. Why do you get impatient? It’s likely because you’re an emotional being. Impatience is spurred on by emotion—desire, hastiness, arrogance, anger, excitement, anxiousness, distraction, worry, frustration and intolerance. All kill patience and the wisdom it brings. These emotions are usually followed by rash ...

Population Collapse

2019-10-16T16:39:24-05:00October 16th, 2019|Tags: , , |

In 1968, Paul Ehrlich’s book, The Population Bomb, proclaimed that overpopulation was going to cause a worldwide famine. Ehrlich wrote, “By 1985 enough millions will have died to reduce the earth’s population to an acceptable level, like 1.5 billion people.” His urgings of mandatory population control resulted in millions of unborn and aborted babies. Despite Ehrlich’s flawed predictions, he still ...

Uncertainty

2019-10-09T15:22:56-05:00October 2nd, 2019|Tags: , , |

Uncertainty is not a friend to business leaders. When a business leader adds staff, they desire to have some assurances that business volume will be maintained, if not increased. When the markets start to fluctuate, however, and the economic news becomes questionable, anxiety can increase dramatically. This doesn’t provide much comfort for those leaders making business decisions. There is a source, ...

Foolishness or Faith?

2019-10-09T15:22:57-05:00September 30th, 2019|Tags: , , , |

When I left banking to begin helping business leaders integrate their faith into their business life, I received a letter from a business colleague.  His letter basically said, “Rick, you’re a fool. Your idea is crazy, and your family will starve. Stop before it’s too late.” Many years later, that colleague apologized and commended the faith it took to launch ...

Hiring for the Short Term

2019-09-16T16:49:14-05:00September 18th, 2019|Tags: , , |

Hiring for the short term is a trap into which business leaders can easily fall. Faced with an emergency shortage of people, the task of hiring can become a fire drill. Hiring for the short term is ineffective for long term company growth. Making hasty hiring decisions is reactive and causes many possible consequences. Hiring slowly in times of emergency ...

Making Wise Decisions, Part VI

2019-09-15T22:36:32-05:00September 16th, 2019|Tags: , , |

In a Harvard Business Review article, Mike Erwin identified six reasons that can lead to poor decisions. Our final reason is analysis paralysis. In today’s Information Age, we don’t lack for information. More information typically leads to many taking longer to make decisions, especially if you want to have all the facts before making decisions. Since one Google search can ...

Making Wise Decisions, Part V

2019-09-12T15:53:45-05:00September 13th, 2019|Tags: , , |

In a Harvard Business Review article, Mike Erwin identified six reasons that can lead to poor decisions. The fifth reason is emotions. As a young trainee in banking, I was presenting loan requests to the bank’s CEO. When I realized that he was in a foul mood, I moved my toughest loan request from the top of my stack to ...

Making Wise Decisions, Part IV

2019-09-09T20:08:27-05:00September 12th, 2019|Tags: , , |

Mike Erwin, CEO of Character and Leadership Center, tackled decision-making in a Harvard Business Review article. We’ve been discussing his six reasons that can lead to poor decisions. The fourth is multi-tasking. Due to the rapid pace of business these days, most jobs require some level of multi-tasking. However, research reveals that performance suffers by up to 40% when we ...

Making Wise Decisions, Part III

2019-09-09T19:30:05-05:00September 11th, 2019|Tags: , , |

Mike Erwin, CEO of Character and Leadership Center, tackled decision-making in a Harvard Business Review article. He identified six reasons that can lead to poor decisions. Mr. Erwin’s third reason is lack of input. The Kellogg School found that, in a typical meeting, an average of three people do 70% of the talking. Unfortunately, the ones you probably need to ...

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