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Right Attitudes

Ideas for Impact

Decision-Making

When in Doubt, Do

February 20, 2012 By Nagesh Belludi 1 Comment

One of the most insidious obstacles to achievement is our tendency to give in to the pessimistic voices in our heads that advocate caution and forethought before making decisions. Instead of accepting failure as an inherent possibility in any undertaking, we tend to espouse inaction in order to weigh every fact against possible outcomes. We are thus predisposed to devising excuses for our indolence.

Admittedly, further deliberation is justified in some cases, but with a vast majority of our decisions, we tend to overestimate the stress we might experience after making a difficult choice. The longer we spend on making a decision, the less productive we are. Beyond a reasonable amount, obsessing over choices causes analysis paralysis, as in the fable of the fox and the cat.

Idea for Impact: No good comes from hesitation and inaction. The only things you will regret in the future are the things you don’t do today. So, instead of dragging it out, act decidedly on an opportunity before it ceases to be one. Take a few low-risk steps and watch your confidence grow. The consequences are likely to be far less extreme than the cost of comfortable inaction.

Follow the “10-Minute Dash” technique to get a task going and overcome procrastination.

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Filed Under: Sharpening Your Skills Tagged With: Attitudes, Decision-Making, Procrastination

General Electric’s Jack Welch on Acting Quickly

March 9, 2007 By Nagesh Belludi Leave a Comment

General Electric's Jack Welch on Acting Quickly

Jack Welch was the Chairman and CEO of General Electric (GE) from 1981 to 2001. During Welch’s twenty-year tenure, GE grew into one of the largest and most admired companies in the world. Jack Welch is widely recognized as one of the greatest business leaders of our time. In 1999, Fortune magazine named him the ‘Manager of the Century.’

In an interview with Spencer Stuart executive headhunters Thomas Neff and James Citrin for the book “Lessons from the Top”, Jack Welch regrets not taking action quickly during his tenure at General Electric.

I think the biggest mistake I made is a fundamental one. I went too slow in everything I did. … If I had done in two years what took five, we would have been ahead of the curve even more.

You rarely do things too fast. If you think about your life and the decisions you’ve made, you can’t come up with too many where you said, “I wish I took another year to do it.” But you can sure come up with a list where you say, “I wish I had done a bunch of things six months earlier.”

Call for Action

Procrastinators sabotage themselves. However, procrastination is a learned behavior and therefore can be unlearned.

In all spheres of life, competition has transitioned from “big-eat-small” to “fast-eat-slow.” Good ideas are relatively easy to come up with. However, quick and efficient execution is primary to the success of these ideas. When a hundred people probably have the same idea, execution in a fast timeframe is just about the only thing that matters.

Are you holding back on your ideas? Do the tasks look daunting? Do you lack confidence? Are you uncertain of the direction or afraid of failure? How can you overcome these hesitations? Develop a set of ideas to reach your goals, prioritize them, and commence working on your ideas right away. Why delay?

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  2. Innovation Without Borders: Shatter the ‘Not Invented Here’ Mindset
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  4. General Electric Blame Must Be Shared: Summary of Ex-CEO Jeff Immelt’s ‘Hot Seat’
  5. Lessons from Peter Drucker: Quit What You Suck At

Filed Under: Sharpening Your Skills, The Great Innovators Tagged With: Change Management, Decision-Making, General Electric, Jack Welch, Leadership Lessons, Procrastination

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About: Nagesh Belludi [hire] is a St. Petersburg, Florida-based freethinker, investor, and leadership coach. He specializes in helping executives and companies ensure that the overall quality of their decision-making benefits isn’t compromised by a lack of a big-picture understanding.

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Unless otherwise stated in the individual document, the works above are © Nagesh Belludi under a Creative Commons BY-NC-ND license. You may quote, copy and share them freely, as long as you link back to RightAttitudes.com, don't make money with them, and don't modify the content. Enjoy!