{"id":2811,"date":"2010-02-10T18:15:00","date_gmt":"2010-02-10T18:15:00","guid":{"rendered":"https:\/\/www.certitrek.com\/nlpa\/2010\/02\/10\/whitepaper-wednesday-decision-making-for-leaders\/"},"modified":"2021-07-27T06:33:17","modified_gmt":"2021-07-27T10:33:17","slug":"whitepaper-wednesday-decision-making-for-leaders","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nlpa\/blog\/whitepaper-wednesday-decision-making-for-leaders\/","title":{"rendered":"Whitepaper Wednesday &#8211; Decision-Making For Leaders"},"content":{"rendered":"<p>Welcome back to another installment of Whitepaper Wednesday here on the Purchasing Certification Blog. Today, I will be reviewing a whitepaper entitled \u201cMaking Decisions\u201d from IdeaBridge.<\/p>\n<p>Don\u2019t miss updates on Procurement &amp; Supply Chain, Subscribe here!<\/p>\n<p>Like previous IdeaBridge whitepapers that I\u2019ve reviewed (here and here), this whitepaper is comprised of very powerful bullet points designed to inspire leaders to improve their leadership. I personally found many of these bullet points helpful and I am confident that you will, too.<\/p>\n<p>Here are a few items that I felt were worth repeating:<\/p>\n<ul>\n<li>\u201cOnce you come to a responsible decision, carry it out without hesitation or timidity. Timidity is not born of healthy caution, but is the stepchild of fear.\u201d<\/li>\n<li>\u201cYou are almost always better off with a \u2018nearly-right\u2019 strategy today, than a \u2018perfectly-right\u2019 strategy a year from now. Whichever strategy you pursue will involve mid-course adjustments. Leaders must learn to get comfortable taking action with a 60-70% plan, knowing that they will have inevitable adjustments along the way.\u201d<\/li>\n<li>\u201cMost business ventures take at least twice as long, cost twice as much and bring twice the problems of your most conservative estimates. Further, you\u2019ll be lucky to achieve even half the profit you projected in your worst-case scenario. Knowing this, if the venture still looks good, go for it.\u201d<\/li>\n<li>\u201cThe more you drive for decisions, and find yourself making those decisions instead of your senior team, the less powerful they will feel and the more frustrated you will become. You must drive them to decisions. Lay out the values and business philosophy of the company and demand that all decisions be made within that context. Then, let them make decisions; those who can\u2019t, or won\u2019t, must go.\u201d<\/li>\n<li>\u201cAt some point you will have to call your team in and say, \u2018This is what we\u2019re going to do. The debating and challenging is now over. We\u2019re now going to execute and get there as fast as we can. And you\u2019re responsible and wholly accountable for making this happen in record time.&#8217;\u201d<\/li>\n<\/ul>\n<p>Actually, any of the bullet points in this whitepaper would be worth repeating now that I think of it. So, if you are a leader who wants to get better \u2013 or if you are a non-leader who aspires to become a leader \u2013 I recommend downloading this whitepaper and soaking up its inspiration. You can download it for free from IdeaBridge\u2019s Web site.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Welcome back to another installment of Whitepaper Wednesday here on [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":4028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Whitepaper Wednesday - Decision-Making For Leaders - Next Level Purchasing Association (NLPA)<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.certitrek.com\/nlpa\/blog\/whitepaper-wednesday-decision-making-for-leaders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Whitepaper Wednesday - Decision-Making For Leaders - Next Level Purchasing Association (NLPA)\" \/>\n<meta property=\"og:description\" content=\"Welcome back to another installment of Whitepaper Wednesday here on [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.certitrek.com\/nlpa\/blog\/whitepaper-wednesday-decision-making-for-leaders\/\" \/>\n<meta property=\"og:site_name\" content=\"Next Level Purchasing Association (NLPA)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NextLevelPurchasing\/\" \/>\n<meta property=\"article:published_time\" content=\"2010-02-10T18:15:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-27T10:33:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.certitrek.com\/nlpa\/wp-content\/uploads\/sites\/5\/2020\/11\/nlpa-images-038.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1067\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Galo Matagay\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:site\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Galo Matagay\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/whitepaper-wednesday-decision-making-for-leaders\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/whitepaper-wednesday-decision-making-for-leaders\/\"},\"author\":{\"name\":\"Galo Matagay\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/#\/schema\/person\/72d094fab77892483dfa6e061cb27eaa\"},\"headline\":\"Whitepaper Wednesday &#8211; 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