Wednesday, April 01, 2009

Decision Making and Revisionism

many a times many ministers have been branded as Roll Back ministers if they roll back a previous tenant of their Financial Budget or policy.
Yesterday I was going through the Jack Welch Column in 4p where he stressed that Revisionism is decision making is not bad.
Many a times the leader has to take decision under uncertainty and may lead to wrong decision at such times not correcting the decision in the face of possibility that people may brand the leader as Flip Flop leader is even more damaging.
Its better to revise than to continue with a wrong decision.
Many a times strategic insights are upended to previous insights and make it imperative to change the course of previous decisions. At such times Jack stresses that it is a leadership quality to make changes without clinging to the wrong decision.
Mr. Jack Welch I completely agree with you.


Anonymous said...

Nice post. It is always good to see people expressing themselves in different ways.

Since you seem to be associated with Management, I would like to suggest you a new magazine - PEOPLE MATTERS started by an ISB Alumni, which was suggested to me by a friend and which I have found very useful.

It deals with various important aspects of management, especially those related to Leadership & People Management, which the mainstream business publications often ignore.

It's also relatively cheap. I guess its annual subscription is about Rs. 400 (US$ 8 approx) which is even less than the cost of a standard Pizza.

Their last issue had an enlightening article by Robert Kaplan (the co-founder of Balanced Scorecard method, if you remember) where he talks about how organisations can create opportunities out of current economic downturn.

I got its subscription online through their website:

If you like the magazine, kindly refer it to your friends or colleagues in the organization you work. They may be interested in subscribing to it.


Anonymous said...

When everything is coming your way, you are in the wrong lane.............................................

daniel john said...

Great info, i glad to see this blog, such an informative article, Thanks for share this.

College Research Papers

Anonymous said...

Genial fill someone in on and this enter helped me alot in my college assignement. Gratefulness you for your information.