I have never worked with a company that is happy to spend money. What happens is many intelligent people come together in conference rooms around the world, over what can sometimes take years, to think about how to spend money to improve the organization’s results. The thinking is, “The longer we analyze the decision, the more likely we will make the right decision.”
As in life, any decision we as leaders make is an educated guess, at best, regardless of how long it may take to make the decision. Who we marry; who we vote for; who we hire – vendor or employee; or what process we implement – it is all a gamble.
How can we know when a decision is either right or wrong?