There's an irony about decision-making during times of crisis, Pelotonia CEO Doug Ulman says.
"You have to make tons of decisions with imperfect information," Ulman told Columbus Business First in the latest episode of our Crisis Management podcast. "That can be really challenging, but the opposite of that is paralyzation."
Ulman is in charge of the annual Pelotonia bike race that attracts thousands, and raises millions for cancer research.
Scheduled for August, Ulman's team is weighing how the race can move forward – or adapt – this year in order to comply with health recommendations and mass gathering restrictions in light of the coronavirus pandemic.
All the while, Ulman said, the group's mission for cancer research has never been more important.
Ulman, a cancer survivor, said throughout his life, he's dealt with a lot of crises, "whether it be personal health crises or professional crises."
"But this is the first actual massive crisis that I've dealt with where everybody is dealing (with it)," Ulman said. "The beauty of that, in a sad way is that you don't have to provide any context."
But he acknowledged that making decisions in a stressful environment is hard – especially as new information keeps emerging.
"You don't want to make big decisions from a position of weakness," Ulman said.
The key, Ulman said, is to realize that you can't think short-term or "worry about what people are going to think."
"Our filter is, 'is this in the best interest of the community and our mission?" Ulman said. "At the end of the day, that's the decision we're going to make."