How can I, as a professional and entrepreneur, do my best to foresee consequences/situational changes before making vital decisions?
I believe in being broad-minded and always looking towards the future, but it is not possible to have a "360 degree" perspective of a situation all the time. I would like to learn about methods that can be employed to foresee consequences and situational changes before making a vital decision.
I believe I am good worker as professional with ethics. I absolutely use my work hours to produce and study and only make valuable communication. I did foresee that others who were new were given facility even to as personal situation such as pregnancy, where else at my own pressing personal issues at home, I appealed numerous times for some flexibility to allow myself some time of relieve such as flexible work hours and work from home which was ultimately and completely denied. Despite my significant contributions, I did foresee that I was never respected or in the first place trusted. As there was someone small who were stalking me before I joined, hence he made the organization to employ his workers to victimize me, hence there was a reception who did lots and lots of pork fire sabotaging my reputation and image working hands together with another of her kind who does cleaning. I was humiliated many times even for an incident of not having water supply at home due to government's construction, there was another kind who made me write that down of me not having water supply and that I live in a village house. His workers were all the time making it a point to humiliate and sabotage my image despite being a good worker. Finally when I foresee that I was not respected or even trusted, I was never given a chance for any lineancy, I foresee myself that I should never stay in a place where I have nor respect neither trust, hence I resigned by bashing that local men eater.
I suggest to view your situation before making a vital decision in this 4 angles:
1. Advantages and disadvantages
2. Alignment with your values
3. Alignment with your vision
4. Emotion/opportunity vs. fear
In my coaching practice, I use what is called a Pain/Gain model which factors in pros/cons and also factors in how your thinking or beliefs have to change to move forward. Working with the client we also examine values and tie decisions back to the BIG WHY. If you use a model for values-based decision making, tied to a larger purpose it gets you much closer to the ideal of regret-free decision making. Happy to help if you need...
There are a lot of methods available to you. First, remember that the chinese character for risk is a blending of the symbols for threat and opportunity: it translates to "face your risks." This means that you have to develop some alertness of threat events and for opportunity events. You should have a mental plan (and possibly a written plan) for those events, should they occur.
Another is what I call the Compact Approach to Strategy: it is a series of 3 questions: 1) what are the mistakes I must not make? 2) What are the mistakes that others must not make? 3) what resources to I have to deal with the unexpected.
The future can't be forecast, but you can make yourself more "futures ready." What are the plausible, probable, and possible future scenarios that you might face.
I coach people in learning how to think strategically, and these are all learnable skills. To apply them, you have to have some personal drive to succeed and discipline in learning and applying them.
One of the best approaches that I know is actually trial and error. You really can't make a "bad" or "wrong" decision. Taking action on a decision only yields a result (give you more data). Based on the new data you have now gathered, you can decide to continue in that direction, or not. It's not good or bad - just data. If you wait until you think you have all the bases covered before taking that next step - you will never take that step. I normally go by the rule of thumb - what's the worst thing that can happen if I do XXX. If I can not handle the "worst thing" - than I take some additional time to put some risk management/contingencies in place. If I can handle the "worse thing" - I go for it.
This is a simplistic answer to a in-depth question. I coach on decision making and have workshops on the topic if you like additional information.
Dear Arthanari. The reality is that no-one can predict the future. Whilst historical data and experience might assist in assessing what might happen tomorrow, there are no guarantees. Forecasts go wrong all the time and we can never predict human behaviour, economic or natural disasters. What I would suggest is that we educate ourselves to embrace uncertainty. We can plan but only by referring to today's data, which is already out of date and which can change rapidly. So make decisions based on what feels right with the information you have available - you can do no more. Best Wishes, Anton
Hi Arthanari , when you put your business plan together.
Did you incorporate a Disaster plan.
If not you should. A disaster plan offers key triggers for which you already have a mapped out course of action. along with a countermeasure plan so that you minimize the current situation, and you are prepared to some degree.
The other thing is not to believe what others are saying. Unless you trust them and they understand your business and it's market. Even so, still check out the facts. Remember this if sky is falling, may not be true for everyone.
Another thing to do is to insulate your business by being involved in different markets. That way if one market is down, they other may not be.
My personal philosophy is "to expect the best , but be prepared for the worst"
that way, as much as possible you are not surprised buy much.
Experience and gut feeling are the keys besides not-so-perfect information around the matter. There is no 100% certainty in any decision. It is the way you act after decision is made more important. Once a decision is made, there should not be any doubt before you see a failure. Once you see the failure, you, as a leader, should be the first to come out admit the mistake, even though the collective decision was made by the team.
Discuss important items with business partners and trusted friends in your industry - plain and simple.
It is true you cannot predict the future. Everyone faces the same economic winds, booms or bust and steady as she goes. Same way you cannot know what is in your customer or employees minds. However an important skill to learn is, how to be flexible. Change is natural. When it starts happening, sit down,grab pen and paper. 1.Clearly define the change occuring 2.Distill ... what does the change mean for you and your business. 3. Identify the action you need to take to minimize disruption to your business .4.Take action
Hope this assists you