Showing posts with label wisdom. Show all posts
Showing posts with label wisdom. Show all posts

Friday 12 August 2022

a simple guide for the right decision making

 a simple guide for the right decision making 

(Emotional Management for Personal & Professional Growth Series)
 
In line with our topic on "problem-solving and decision making," recently, in one of the management reviews, one manager asked the following question, which i thought was relevant for the topic.

The question was, " how to balance the boss and the junior colleagues?".

He seems to find it challenging to manage his boss and junior colleagues as some of his decisions went against him. This situation is common as most middle-level managers go through in a day to day life in the organization.

My view is as follows.

We do not need to balance any stakeholders with our decisions other than how to make the right decision so that the impact would be more significant and we will not feel guilty about the consequence.



When we make a decision and consider the impact of our decision at a higher level in the hierarchy, as shown in pic, it helps us to make the right decision most of the time.

For example,
as a manager, if you want to do a favor for one of your junior colleagues and the decision will not affect other people in the function or the organization, the decision will be right. If the favor to one person will affect the functional team or even the organization, then the decision may not be the right decision.

i know an entrepreneur with high creditability among his customer's circle, not due to the quality or craftsmanship of his product, but because he always decides in favor of the customer than his organization's short-term expenses. For example, when the customer approaches him for doing the rework in the product due to the customer's mistake of mentioning the wrong specification, he never hesitates to do the rework, and he does it at this expense than arguing with the customer on who is right and what needs to be compensated etc. His generic decision-making thought process puts the higher purpose first than his organization in the short term. In the long run, his decision-making process pays him well as he gets repeated orders from the customers.

My key learning is when we make decisions when we put the higher stakeholder as a priority, likely we will make the right decision, even sometimes, in the short term, we face criticism or pain.

Above all hierarchy of consideration in decision making, listen to your inner consciousness before making any decision, which is more powerful to guide you to make the right decisions than anything else.

Have a great week ahead.

Wisdom from Experience

 Last week, i happened to meet one of my coaches after 12 years gap. He is one of the highest-paid CEO coaches in India, and even now, he is very active in coaching and training high-profile people in business. 


In 2009, i attended his intense training programme, and he spotted me due to my peculiar and nasty😢 behaviors during the session. I benefited immensely from the programme, and he was instrumental in my decision to venture into coaching and consultancy.

I did not dare to contact him after the programme since he expects high performance from his students. Coincidentally, i completed ten years of my venture this month with reasonable impact or success. So, i thought of meeting him to express my gratitude to him for shaping my profession and asked for an appointment. Immediately he agreed to meet and met him in his office last week.

He had spent more than 75 minutes with me, and the discussion went around those horrible and enjoyable experiences in the training session, my venture experience, success/failures, revenue, growth aspects, and so on..He also shared some of his life experiences, and the meeting went on just casual.

after returning home, when i assimilated the conversations between us, stunningly, i realized that he shared many pearls of wisdom from his rich coaching experience just casually..( he did not charge anything as he seemed to be happy as a guru about my transformation/performance post-training session!!😊)

i thought even though it was a private discussion and the wisdom he shared with me could be helpful for anyone in the professional setup, either as an individual or an entrepreneur.

Hence i have listed some of the pearls of wisdom i learned as follows. 

1. Identfying the purpose of life at an early age is a must for everyone as it opens up huge potential and life experiences. He even suggested Simon Sinek's books on structurally learning the process of knowing our purpose..( sometime back, we shared the "start with why" book written by Simon Sinek).

2. Either individual or organization, one should know our "Core Competency"  and work on it than cribbing too much on weakness or competition

3. Know your niche and be aware of your core competency in business. Keep on polishing it rather than  diversifying in many skills  

4. You are known for your craft ....go depth on it and improvise it.

5. dilemma on scaling up or being content with the existing status quo is purely individual, or entrepreneur choice..what works for you will work for you. ...anything you make it happen if you decide on it either way...your temperament matters.

6. Do not copy any business model; each business model will work for the entrepreneur's mindset and values. What works for you, you will work and be happy with the process. The other side is always green, and you may not know the struggles in it.

7. one way of scaling up in today's environment is to productize your knowledge and experience in the niche segment.

8. You must be happy with what you have and what you are.


Hope you may relate it to your professional challenges

i thought those are profound, and wisdom comes from experience ..can be applied to anyone in life

Have a great week ahead.