Avoiding Guesswork In Business
Avoiding Guesswork in Leadership and Management
Making choices based on a 'hunch' or 'gut feeling' is common for many managers and leaders. But let's face it - this approach is just guessing in disguise. And whilst it might seem like a quicker route, guessing can lead to big trouble.
The Trouble with Guesswork
Guessing often leads to mistakes. Every decision we make in business can have important results. If we guess, we can end up with results we didn't expect, waste valuable resources, or make wrong strategic choices. Plus, guessing doesn't just impact one decision; it can lead to a bad habit of always making rushed decisions.
Guessing also shows a weak way of solving problems and making decisions. Strong decision-making is a key skill for any leader. If we rely on guessing instead of solid data and analysis, it can damage our reputation with our team and others.
The Strength of Logic and Evidence in Decision Making
Instead of guessing, we should make decisions based on logical thinking and real evidence. The most powerful tool we have as humans is our logical mind. Our brains are designed to take in a lot of information and come to logical conclusions. It's important to use this power in our businesses.
Our brains work best with facts - these are the pieces of information we gather with our senses. Facts help us reduce the risk of uncertainty and give us a firm base for our decisions. By systematically gathering and studying relevant facts, we can make better-informed choices.
Using Your Brain Power to Its Full Extent
To use your brain power to its full extent, you need to focus on facts and logical thinking. This doesn't just mean having the right information, but using it properly. We need to critically look at data and consider many points of view. By encouraging an evidence-based decision-making culture in your organization, you can reduce the unknown, lower risks, and increase your chance of success.
In short, guesswork might seem like an easy path because it's fast and seems simple. But leaders and managers must avoid this temptation. Instead, they should develop a disciplined approach to decision-making that values rational thinking, evidence, and careful study of the data. The best way to succeed in any business decision is to use the power of your intellect, supported by evidence.
By steering clear of guesswork and promoting decisions based on evidence, leaders and managers can lead with confidence, knowing they're making the best decisions for their team, stakeholders, and organisation.
Keep in mind, "Never Guess" isn't just a catchy phrase - it's a rule you should live by as a leader or manager.
Leadership and Management Training
Our two-day Leadership and Management Training Course is designed to furnish you with a diverse array of tools and techniques, empowering you to excel as a manager and unleash the full potential of both yourself and your team.
About the Author: Chris Farmer
Chris Farmer is the founder of the Corporate Coach Group and has many years’ experience in training leaders and managers, in both the public and private sectors, to achieve their organisational goals, especially during tough economic times. He is also well aware of the disciplines and problems associated with running a business.
Over the years, Chris has designed and delivered thousands of training programmes and has coached and motivated many management teams, groups and individuals. His training programmes are both structured and clear, designed to help delegates organise their thinking and, wherever necessary, to improve their techniques and skills.
Blogs by Email
Do you want to receive an email whenever we post a new blog? The blogs contain article 5-10 minutes long - ideal for reading during your coffee break!
Further Reading in Leadership and Management
-
ILM Level 3 Leadership and Management Training And a Better Alternative
Discover the benefits of ILM Level 3 Leadership and Management training, and explore a time-efficient alternative with Corporate Coach Group’s two-day leadership course. Learn essential skills for faster leadership success.
Read Article > -
Why "Free Online Management Courses" Might Not Be the Best Choice for You
Discover why free online management courses might not provide the depth or support needed to advance your career. Explore the value of professional training, including expert-led courses like our two-day Leadership and Management Training.
Read Article > -
Seven ways to become a better leader
Improve your leadership qualities and put your career on the path to success. Leadership is not just telling people what to do, it is having a vision for the future, making plans and inspiring the team.
Read Article > -
Successful Manager Skills
Learn the skills you need to master to become a successful manager. You can try our quiz to see how you measure up!
Read Article > -
Leadership Skills: Keep Calm and Carry On
Irrespective of your thoughts on whether or not Brexit is good or bad, the fact is that the UK will soon be making its negotiations to leave the EU and we need to succeed.
Read Article >
Looking for Leadership and Management Training?
If you're looking to develop your Leadership and Management Skills, you may find this Leadership and Management Training Course beneficial:
Open Training Course Pricing and Availability
Next Open Course Starts in 5 days, Birmingham, places available