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April, 2016

Critical Thinking: Cornerstone to Making Good Decisions?

Businesses succeed and fail over time based on the effectiveness of their decision making process. There are the over-night wonders that stumble into the right market with the right product at the right time. However, the ability to survive, grow and fend off competition becomes dependent upon making good decisions and not relying on another lucky break.

The cornerstone to making good decisions and solving problems for successful companies is their critical thinking process. Critical thinking removes much of the emotional components (feelings, biases, politics) around an issue and allows for facts to be collected to objectively make a logical decision.
Check List
A typical reaction to submitting a decision to a critical thinking process is that it is a waste of time. Those close to the decision feel they know what needs to be done and want to act immediately. Companies that have adopted a consistent critical thinking discipline to making decisions realize that it avoids hasty decisions that need to be corrected later. Correcting a hasty or poorly thought out decision costs . . . . read more.
Regards,
Mike Brice
Phone: (206)226-1617
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Feature Article

8 Ways Smart People Use Failure To Their Advantage

by Travis Bradberry, Contributor, Forbes.com

The true test of a leader is when a crisis occurs and how they turn the event from a failure into a success. This article highlights actions that can be taken to recover from a crisis event and how they will influence how others view you and your mistakes.

  • Break the bad news yourself.
  • Offer an explanation, but donít make excuses.
  • Have a plan for fixing things.
  • Have a plan for prevention.
  • Get back on the horse.
  • Perspective.
  • Optimism.
  • Persistence.
How do these actions compare with how you would respond to a crisis situation?

Click here to read more about each suggestion and how they can, through effective coaching, improve your ability to turn a crisis from failure to success..


Note: Ask yourself the following questions.
  • Do you step in and lead or do you delegate it to others?
  • Do you reach out to others to get involved and seek their input in solving the crisis?
  • Do you build others up during a crisis?

If you are looking for an executive coach to improve your performance contact Mike to learn about the Executive and Business Coaching services available from Brice Consulting for you and your organization.

Leadership Resources

Video(s)
Performance Management: Explanation of what metrics to watch within your company and how to use them in your reporting to ensure that your strategic plan stays on track.
How to Develop Key Performance Indicators (KPIs) (4:03 min)

Data Security: Is your small business protected from threats from the internet?
Top 5 Cybersecurity Tips for Small Business (4:01 min)

Articles:
Crisis Leadership: Whether it’s the recall of General Motors vehicles, or it's an E. coli outbreak at Chipotle, organizational crises abound. And while some companies are able to emerge from a crisis stronger than before, others crumble under the pressure.
How The Best Leaders Turn An Organizational Crisis Into Their Company's Finest Hour


Recruiting: How can you decide among these applicants which are the "right" people? What do you need to look for in your new hires?
Four Breakthrough Topics And Questions For A Job Interview

Employee Productivity: Point the finger at whomever you choose - a generation, a cultural divide, or even a current mindset. It's true. A recent report from the U.S. Bureau of Labor Statistics shows worker productivity is falling. And, many leaders are confused about what to do about it.
Employee Productivity Declining: Who Is To Blame?


Motivation: The topic of what makes up a great company culture is complex, but it really begins with this one single action.
The 1 Company Perk That All Employees Crave (and It's Completely Free)


Advice: Building a trusted group of advisors is an incredibly important part of building your business.
Board of Directors vs. Advisory Board


Leadership: As businesses increasingly store confidential information and data in cloud services, the need for more complex security practices and strategies is clear. Although headlines about security breaches are more common for large companies, the threat of cyber crime is still very real for small businesses, where online security tends to be weaker.
4 Ways Your Small Business Can Better Prevent Cyber Crime

Performance Management: In spite of the popularity of the Balanced Scorecard, there are many organizations in which performance management seems to be failing in producing the expected added value for the respective business..
6 pillars of the Performance Measurement Framework


Management: The more valuable your work is to your employer, the more your boss and co-workers are likely to overlook your questionable behavior,
Top Performers Behaving Badly? Don't Let It Slide


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