All decisions involve spending money
Every management decision can be translated into a financial equivalent. Although this does not always reflect real income, the success of the decision directly affects the growth or decline of profits.
Money serves as a shareholder database universal measure for evaluation and comparison. For example, when deciding to hire a new employee, you can calculate his salary and estimate the expected benefit for the company. If the result is positive and significant, the decision in favor of hiring is obvious.
What matters most is the end result, not following habits.
Have you ever thought that frequent statements like “I’ve always done it this way and I won’t change it” are a warning sign? If you hear this often from employees, it means that the company is stuck in a routine and needs to urgently change course.
What matters most is the end result, not following habits.
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Success is only possible if you are focused on the end result, ready to learn and master new methods.
For example, when a new CRM system is needed to improve the work of a department, and employees do not want to use it because of their habit of using the old one, it is important to convincingly demonstrate its benefits. You will have to prove how the system will help increase the company's profits and simplify processes for the employees themselves.
There is no way to avoid making a decision
This principle is based on the fact that the absence of a solution leads to stagnation and procrastination.
For example, when an employee is working on a task and is unsure about the next step, the ideal option would be to discuss the situation with colleagues or management and make a decision. However, sometimes the employee may simply stop and hope that the solution will come by itself, which leads to delays and wasted time.
There are also opposite situations: an employee wants to consult, but the manager is not available due to being busy. Therefore, it is important to establish a rule that if it is not possible to get advice from the manager during the day, the employee has the right to make a decision independently.