We’ve all heard the term analysis paralysis, and frankly it is a millstone around the necks of many corporations, especially ones that are heavily layered in management. In today’s world economy only the quick and flexible survive.
Imagine you have a great idea you spend days, if not weeks, researching. You run the initial numbers and cost analysis that shows a marked improvement with a bottom line benefit. You can hardly contain your excitement!! So, let’s get started, right? Wrong!
Bob, over in development, isn’t sure this will actually save the company money and he thinks they “might” be able to build their own tool. So he talks to Chris in accounting and before you know it there are too many cooks in the kitchen and everything is on hold!
It took 6 months before a decision was made to build this tool in-house. It took Bob’s team over a year to figure out they couldn’t build the tool properly, and they spent 12 times the amount the original “off the shelf” implementation would have cost! And the final result? Still waiting…
If they had simply gone with the original idea of an off the shelf tool they would have saved the company enough money to buy the thing 20 times over! Instead they’re back at square one.
I am all about due process and thinking things through. However, at some point a decision must be made and all too often one isn’t made out of fear, job security, or simply because someone is being territorial.
This is a common story and that’s why strong leadership is important. If you’ve done the homework and you know it’s a worthy endeavor… push, push and push some more. In the end you will be rewarded for a job well done or sleep well knowing you gave everything you had. To use a sports term, “Leave it all out on the field.”