Bias for Action

Entrepreneurs, generally speaking, like to get things done fast and are impatient for results. While that bias for action is often necessary for gaining competitive advantage, it has to be tempered with rational thought.

Certain events and situations call for quick action when thoughtful deliberation can be costly. However, major decisions cannot be rushed using a bias for action. Analyzing the pros and cons of various alternatives by soliciting input from key stakeholders is critical for the successful implementation of the optimal decision. Once the decision is made, a bias for action would be helpful for quicker implementation.

Entrepreneurs normally do not have to worry about this, but overdependence on rigorous analysis (or “paralysis by analysis”) prior to making decisions is not a positive leadership trait.

Have a healthy bias for action, but temper it with adequate thought.

Ravi Patel

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Published in: on June 28, 2010 at 5:00 am  Leave a Comment  
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