In challenging times like these, a willingness to see and seek opportunities where others see only risk and doom might be just what you need to come out a winner. Seizing the right opportunities, however, requires balanced potential-seeking. Too much caution poses a serious risk to your ability to adapt. Too much unrestricted risk-taking, particularly in a more regulated environment, could bury your company in legal battles and compliance issues. Here are some guidelines for achieving that balance.
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Great decisions require two things: a map and a G.P.S. Most organizations understand the power of good decisions so they train their people to use a standard decision-making process, problem-solving or critical thinking model. That model is your map.
But have you ever identified from which direction you’re coming from? If I were leaving from Minneapolis and you were leaving from Atlanta we’d both need to take two very different paths to get to Chicago, wouldn’t we? That’s true even if we were using identical, company-issued maps. That’s why shopping mall directories always tell us “You are here.” That’s also why a Global Positioning System is quickly replacing the … [ Read More ]
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