Comments on: Leadership Caffeine-Develop the Courage to Derail the Bad Decision Train http://artpetty.com/2009/11/09/leadership-caffeine-develop-the-courage-to-derail-the-bad-decision-train/ Leadership, Management and Professional Development Tue, 22 May 2012 00:57:52 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: When Being Positive Can Cost You | Reflections for Personal and Business Development http://artpetty.com/2009/11/09/leadership-caffeine-develop-the-courage-to-derail-the-bad-decision-train/#comment-15045 When Being Positive Can Cost You | Reflections for Personal and Business Development Fri, 15 Jan 2010 23:49:41 +0000 http://artpetty.com/?p=2863#comment-15045 [...] Leadership Caffeine-Develop the Courage to Derail the Bad Decision Train (artpetty.com) January 15th, 2010 | Tags: Add new tag, Business, Leadership, Positive Thinking, Power of Positive Thinking, Wishful thinking | Category: Leadership, Organizational Life [...] [...] Leadership Caffeine-Develop the Courage to Derail the Bad Decision Train (artpetty.com) January 15th, 2010 | Tags: Add new tag, Business, Leadership, Positive Thinking, Power of Positive Thinking, Wishful thinking | Category: Leadership, Organizational Life [...]

]]> By: Kristen Simsek http://artpetty.com/2009/11/09/leadership-caffeine-develop-the-courage-to-derail-the-bad-decision-train/#comment-13949 Kristen Simsek Fri, 13 Nov 2009 02:29:04 +0000 http://artpetty.com/?p=2863#comment-13949 Art, About a month ago I read Tina Seeling's book, "What I Wish I Knew When I was 20." In the book, there is a chapter that talks about learning from our failures as much as our successes. One suggestion she has is making a resume of failures to accompany one's resume of successes. As individuals, if we learn from our failures, then we can also learn from our succeses. I haven't started to create my failure resume yet, but I believe I should start. I would like to see the resumes from past CEO's in the banking industry (and others that have failed) to see when the failures started occuring and how long it took until anyone began to learn from them. Art,
About a month ago I read Tina Seeling’s book, “What I Wish I Knew When I was 20.” In the book, there is a chapter that talks about learning from our failures as much as our successes. One suggestion she has is making a resume of failures to accompany one’s resume of successes. As individuals, if we learn from our failures, then we can also learn from our succeses. I haven’t started to create my failure resume yet, but I believe I should start. I would like to see the resumes from past CEO’s in the banking industry (and others that have failed) to see when the failures started occuring and how long it took until anyone began to learn from them.

]]> By: Sun-Hua Lin http://artpetty.com/2009/11/09/leadership-caffeine-develop-the-courage-to-derail-the-bad-decision-train/#comment-13948 Sun-Hua Lin Fri, 13 Nov 2009 02:15:36 +0000 http://artpetty.com/?p=2863#comment-13948 Thanks for providing the suggestions of how to derail the bad decision train, those are good advices and really helpful. It is unavoidable to make a bad decision, but the important thing is you have to recognize that you did it wrong. I love the one of recognizing that your behavior sets the pattern for everyone. Just like you said, if you shoot messengers and execute teams for making mistakes, no one will want to take a risk for telling the truth and questioning your decisions. Thanks for providing the suggestions of how to derail the bad decision train, those are good advices and really helpful. It is unavoidable to make a bad decision, but the important thing is you have to recognize that you did it wrong. I love the one of recognizing that your behavior sets the pattern for everyone. Just like you said, if you shoot messengers and execute teams for making mistakes, no one will want to take a risk for telling the truth and questioning your decisions.

]]> By: Kim L. http://artpetty.com/2009/11/09/leadership-caffeine-develop-the-courage-to-derail-the-bad-decision-train/#comment-13943 Kim L. Thu, 12 Nov 2009 21:42:30 +0000 http://artpetty.com/?p=2863#comment-13943 I agree with this article, 110%. I think there is a mindset that goes on in corporations, especially in top management, that when a decision is pursued that seems to be a bad decision, the person or people involved in making that decision must stand by their sinking ship rather than doing what they can to salvage what they can. It is important to understand that in any company within any industry, mistakes are going to be made; however, in order to learn from those mistakes, the first step begins with admitting the error. As you note, that is very hard to do. I believe that in order to implement this, there needs to be a change in the SYSTEM of the company and start from the top down in order to prevent a "do as I say, not as I do" mentality. I agree with this article, 110%. I think there is a mindset that goes on in corporations, especially in top management, that when a decision is pursued that seems to be a bad decision, the person or people involved in making that decision must stand by their sinking ship rather than doing what they can to salvage what they can. It is important to understand that in any company within any industry, mistakes are going to be made; however, in order to learn from those mistakes, the first step begins with admitting the error. As you note, that is very hard to do. I believe that in order to implement this, there needs to be a change in the SYSTEM of the company and start from the top down in order to prevent a “do as I say, not as I do” mentality.

]]> By: Sudhir Mathew http://artpetty.com/2009/11/09/leadership-caffeine-develop-the-courage-to-derail-the-bad-decision-train/#comment-13939 Sudhir Mathew Thu, 12 Nov 2009 14:27:50 +0000 http://artpetty.com/?p=2863#comment-13939 Liked your article and agree with it wholeheartedly. Most managers never ignore the sunk costs involved in making a decision. The 'too much invested to quit syndrome' is fairly powerful driver of human behavior. Also, once hubris sets in, it is imposible to think that you could be doing something wrong. Once this happens you are almost at a point of no return. Liked your article and agree with it wholeheartedly. Most managers never ignore the sunk costs involved in making a decision. The ‘too much invested to quit syndrome’ is fairly powerful driver of human behavior. Also, once hubris sets in, it is imposible to think that you could be doing something wrong. Once this happens you are almost at a point of no return.

]]> By: Wally Bock http://artpetty.com/2009/11/09/leadership-caffeine-develop-the-courage-to-derail-the-bad-decision-train/#comment-13936 Wally Bock Thu, 12 Nov 2009 01:12:44 +0000 http://artpetty.com/?p=2863#comment-13936 Congratulations! This post was selected as one of the five best independent business blog posts of the week in my Three Star Leadership Midweek Review of the Business Blogs. http://blog.threestarleadership.com/2009/11/11/111109-midweek-look-at-the-independent-business-blogs.aspx Wally Bock Congratulations! This post was selected as one of the five best independent business blog posts of the week in my Three Star Leadership Midweek Review of the Business Blogs.

http://blog.threestarleadership.com/2009/11/11/111109-midweek-look-at-the-independent-business-blogs.aspx

Wally Bock

]]> By: Diana Frazier http://artpetty.com/2009/11/09/leadership-caffeine-develop-the-courage-to-derail-the-bad-decision-train/#comment-13933 Diana Frazier Tue, 10 Nov 2009 05:10:29 +0000 http://artpetty.com/?p=2863#comment-13933 Helpful points to review as my group begins to learn how to function as a team to get effective results and not just activity. Thanks. Helpful points to review as my group begins to learn how to function as a team to get effective results and not just activity. Thanks.

]]> By: Bret Simmons http://artpetty.com/2009/11/09/leadership-caffeine-develop-the-courage-to-derail-the-bad-decision-train/#comment-13931 Bret Simmons Mon, 09 Nov 2009 19:27:30 +0000 http://artpetty.com/?p=2863#comment-13931 Nice to see you recognize that those of us that dissent around issues are not toxic employees!! Great advice, Art. Nice to see you recognize that those of us that dissent around issues are not toxic employees!! Great advice, Art.

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