Helping Leaders To Avoid Disaster Gleb Tsipursky Pt 2In the world we find ourselves today, with almost everything being driven by technology, business leaders make decisions that reach far beyond the immediate necessities of business. Often the decisions made will not see ramifications until far into the future. When the results come in, will the results received be the results desired?
If a wrong decision was made, but the intentions were good, is that still OK?
CEO’s are under constant pressure to deliver for stockholders and to increase the profitability of their companies. Often, Board of Directors, who are supposed to be the fiduciary’s of the company, often go for the quick buck as well. This often leads to problems down the road.
Think of Enron, Kodak, Blockbuster and MySpace just as examples. Bad examples. Where the leaders of those companies made short term decisions while ignoring the long term consequences. Or, as in the case of Kodak and Blockbuster, denied the coming future and changing technology and made decisions based on old, out dated data.
So many leaders today go with “gut instinct.” Often, we are told, “Go with your gut on this one.” When we hear that, the other person is actually say, “I don’t have enough information to give a valid response. So I’ll just rely on you.”
Well, my guest today is Gleb Tsipursky, otherwise known as the “Disaster Avoidance Expert.” He has made a career out of helping leaders and organizations avoid business disasters. He has written several books on this topic, but the one I invited him to talk about today is "https://amzn.to/39c4oVk (Never Go With Your Gut: How Pioneering Leaders Make the Best Decisions and Avoid Disaster")
He has over twenty years of experience in this area. He does consulting, coaching, speaking and assists in training hundreds of companies across North America, Europe and Australia. Examples of some of the companies he has helped are AFLAC, IBM, Honda, Wells Fargo and the World Wildlife Fund, just to name a few. He has been featured in over 400 different articles and has conducted over 350 interviews on CBS News, CNBC and others, as well as Time, Business Insider, Government Executive and Inc. Magazine.
He has a strong research and teaching background, with more than 15 years in academia, including seven years as a professor at the Ohio State University and, before that, as a Fellow at the University of North Carolina at Chapel Hill where he also earned his PhD in the History of Behavioral Science.
You can read more about Gleb, his services and order his books, etc. by visiting his website at DisasterAvoidanceExperts.com.
The really good news is, he is here today to help YOU make the right decisions in your life, business or ministry as well.
In the business world, a current concept taught today is S-W-O-T. Where a leader is to figure out the Strength and Weakness of his or her own organization. Evaluate the Opportunity before them and balance that off the Threats presented. Is this sort of the same thing and does it work as well as it is believed to be?
I remember reading somewhere that Thomas Edison, the inventor of the electric light bulb, failed 20,000 times. And somebody asked him if he ever thought of giving up after so many failures. His response was, “Failures? I never failed one time. I discovered 20,000 different ways it would not work!”
Are there CEO’s that we think of, when their names are mentioned, as the “brilliant business minds of today?” Names like Jeff Bezos, Facebook’s Zuckerberg, or Jack Welch, etc. who, it has been said, “went with their gut.” Are those rumors true or just myths used in promoting their business prowess?
I’m still a little blown away by all of this. In your book, you mention there are over 100 different cognitive biases. Is there a way we, as individuals, can learn more about the cognitive biases we have so we don’t fall into the trap of making dangerous decisions?
In your book, you...