Deliberating Each Decision Equally Wastes Precious Time

What’s a wrong decision worth? A dollar? A job? A dollar and a job (perhaps once punitive damages are incurred)?

Few professionals make career-altering mistakes voluntarily. Good intentions fuel the deliberation leading up to these mistakes. But Fred Engel, founder and CEO of Westerly Consulting, believes that this is the wrong approach. If there’s little to lose, there should be little thought involved or invested. Flip a coin, writes Engel.

In a high-stakes situation, Engel warns about the dangers of investing too much time on a decision. Doing so means that more is at stake — time, in this example — and as such, there’s more to lose. Crime and punishment are two overlapping subjects that will be ceaselessly debated. Yet the punishment seems to always correlate with what’s at stake.

A small wave in an ocean won’t make much of an impact. On the other hand, a tidal wave in a fish tank can do considerable damage. According to the author, you should try to limit the size of the waves you create. For more on the cost of wrong decisions, read the full article by Engel.

Contributing Author

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