At the same time, create a plan B with the first steps to avoid a disaster. Choice based on the principle of “good-bad” As a rule, a competent manager avoids black-and-white decisions. But when there is no other way out, choosing in the context of “good-bad” will save time and effort. Example: A manager needs to decide whether to increase the price of a product. If the price is increased, some customers may choose a competitor’s product.
If everything remains the same
Profits will no longer cover expenses – and the business netherlands phone number library will suffer. Perhaps the lesser of two evils in this situation is to increase the price. You can increase the price, but think about how to justify it so as not to lose customers and attract new ones. Checklist for decision makers Accept bad decisions as a natural part of business. It is impossible to avoid mistakes 100%, so there is no point in demanding perfect results from your team and yourself.
Don’t dump all the responsibility on the team
But don’t forget about reasonable delegation. Try to maintain a balance so as not to lose authority, but at the same time involve employees in business processes as much as possible. Remember that every decision has a “cost.” Don’t waste too much time and energy an essential communication tool in case of crisis on trivialities – focus on what’s really important. Before making a decision, consider its possible consequences in a few days, weeks, months, and even years.
Be flexible and use different techniques
In some situations, you need to spend a lot of time analyzing and systematizing information, and in other cases, black-and-white thinking will save you. Collectly is a cg leads service that helps healthcare organizations in the US to simplify the process of accepting payments from patients. According to the latest estimates, its value is $3 trillion. We tell you how entrepreneurs from Russia managed to create a profitable company in one of segments in the US. You are reading the magazine Compass – a messenger for effective and safe teamwork. Learn more about Compass From idea to implementation: how the Collectly service came into being A lawyer by training and the creator of Collectly, Levon Brutyan began his career in 2009.