The speed of changes is usually faster during a crisis

www.godlikeroy.com

The Chinese do not have a word for crisis.  The crisis is represented by a combination of the characters for risk and opportunity.  People’s behavior change when risks are evaluated and these changes open up new opportunities.

The speed of changes is usually faster during a crisis, calling for more rapid decision making.  Time is compressed, circumstances are usually deteriorating and there is no luxury of complete information to base the decision on.

Leadership takes many forms.  The stakes are high.  For a good leader to find a solution, he has to fully understand the problem he’s facing.  In times of crises, a leader has to be decisive in making decisions.  Enough background information is required with the right counsel to understand the problem.  But speed sometimes is more important than precision when in crisis.

All decisions have sunk costs.  They define a trajectory, creating some path of dependency in moving forward.  Some decisions will inevitably prove to be sub-optimal, even wrong or harmful.  But such is the nature of decision making.

Leaders are ultimately defined by the decisions they make and a decision not made is more than making a bad on.

Dr. Nungsari Radhi

My Say: Leaders are defined by the decisions they make

The Edge, August 1-7, 2011