Avoiding and Dealing with Rash Decision Making
Marshall Goldsmith is a management guru who regularly helps executives improve their leadership skills. He is a professor at Alliant International University, which named its graduate college of business after him. His major business innovation was "360-degree feedback," a method by which employees invite criticism. Time Magazine named Goldsmith one of the 100 most influential people in 2005.
He has co-edited or authored over 20 books, including the 2007 New York Times best-seller and Wall Street Journal #1 business book What Got You Here Won't Get You There: How Successful People Become Even More Successful. Goldsmith has a bachelor's degree from Rose- Hulman Institute of Technology, an M.B.A. from Indiana University, and a Ph.D. from the University of California Los Angeles.
Goldsmith: Well, now that’s much more comp. I see that overreacting, too rash in terms of decision making, and again what I suggest people do is that you back away, you don’t commit, you say to people, “Let me think about it,” and then you take at least a little time, calm down, get rid of emotional reactions, think about it objectively from a business perspective, then get back to the other person. Usually, when we overreact it’s the result of an emotional reaction, anger, excitement, something happening, and what happens, and the research on this is clear, our brains work very differently when we’re in this agitated state and the odds on us making impulsive or wrong decisions go way up. So the important thing is put your brain back in the right position before you start making decisions, and by the way it’s fine to have emotional reactions. You just don’t have to talk when you have emotional reactions. Question: What should an executive do if they’ve made a rash decision?
Goldsmith: Apologize. Just say, “In hindsight I think I made a mistake. This was nobody else’s responsibility but my own.” I wrote an article called To Help Others Develop, Start with Yourself. The first person any leader needs to work on improving: This person, themselves. And I’ve got great examples of that. I have great examples of my clients who have sort of publicly talked about here’s what I want to get better at, here’s what I’m doing right, here’s what I need to change. They’ve apologized for the mistakes. They have involved people and helped people get- involved people and people helped them get better. They’ve given the credit to the other people. This goes a long way in terms of personal credibility.
Business leaders can avoid rash decision making by backing away and avoiding committing to a position immediately, says Goldsmith.
Giving our solar system a "slap in the face."
- A stream of galactic debris is hurtling at us, pulling dark matter along with it
- It's traveling so quickly it's been described as a hurricane of dark matter
- Scientists are excited to set their particle detectors at the onslffaught
Two massive clouds of dust in orbit around the Earth have been discussed for years and finally proven to exist.
- Hungarian astronomers have proven the existence of two "pseudo-satellites" in orbit around the earth.
- These dust clouds were first discovered in the sixties, but are so difficult to spot that scientists have debated their existence since then.
- The findings may be used to decide where to put satellites in the future and will have to be considered when interplanetary space missions are undertaken.
Once again, our circadian rhythm points the way.
- Seven individuals were locked inside a windowless, internetless room for 37 days.
- While at rest, they burned 130 more calories at 5 p.m. than at 5 a.m.
- Morning time again shown not to be the best time to eat.
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