The Price of Indecision
We’re global citizens. In a world where we are not only connected through the web, but also through the products that we buy (most of us own more foreign-made objects than domestically-made), we can and do have connections with the global sphere without ever leaving home. Those of us who do
leave home are increasing in numbers – almost 10% of Americans study abroad
during their college careers, and millennials are traveling more
as their incomes grow. Organizations have taken advantage of this, hiring foreign-based employees to work remotely and marketing products and services to other nations than their own.
A global landscape means global competition, however, and this affects every domain. We’re in a constant race to see who can be better, faster, sleeker, newer, cheaper… the list goes on. It can be difficult to narrow your focus and make important decisions when you’re unsure what your industry will look like in five years, or even in five months. However, the last decision you want to make is to freeze on the playing field
. Here are the price tags your organization pays when it hesitates to make a choice.
- Big bucks. The sweet phrase, “if not you, then who?” can turn sinister when applied to the global marketplace. The answer is simple: someone else. Delaying your organization’s evolution does not only cause it to lose traction, but also risks it falling out of the race altogether. A shoe company, for instance, must always be thinking about their next product. If the company head can’t choose between pursuing a new slip-on model or a new waterproof model, chances are another company will do both (and rake in the profit) while he is still deliberating.
You can’t afford to be static.
- Vast relevance. A common concern of company and university leaders is that making new choices will fail them in staying true to the institution’s mission. Nothing could be further from the truth, unless your mission statement includes, “we will get to x point, and there we will remain.” You owe it to your brand and mission to be consistently ground-breaking, which will ensure your steady status (and leadership!) in an atmosphere of flux.
- Great people. Innovation attracts innovators like a magnet, and trust us, you want those people on your team. It’s the hard truth, but if people don’t feel that they are being valued in one place, they’ll go somewhere where they do. No matter how great your organization’s culture is,game-changers will get frustrated in an environment with little movement. Indecision on leaders’ part will put a pause on your team members’ great (and profitable) ideas, until another organization gives them the green light.
Decisions are hard, but paying the price of indecision is harder. Losses of big bucks, vast relevance, and great people are hard to recover from and can even take an organization off the map. And if decisions are important, educated decisions
are essential.What better way to succeed in a quickly-evolving and ever-expanding international horizon, than to enlist the ideas and feedback of a global and diverse team?
Enter POPin, a platform that enlists your whole team to answer open questions and pinpoint concerns. Using POPin makes leaders anything but static, and allows them to incorporate the most innovative ideas quickly. These are the organizations that become central to the global sphere.