Thursday, October 21, 2021

Going with Your Gut: How to Make Tough Calls


Going with Your Gut: How to Make Tough Calls
Takeaways
“You cannot make a decision based on a poll. You’re not a politician, you’re a business person.”
Jack Welch
Going with Your Gut: How to Make Tough Calls
What it Means
These days, it’s easy to get lost in information-overload and get stuck in decision-paralysis. Going with your gut is the ability to use your past experience and professional judgment to make tough calls based on pattern recognition. It’s not an excuse to be reckless. If you don’t have the relevant experience to make a tough call, it’s just a wing and a prayer. Leaders must often make decision without perfect information. Learning how and when to use your instinct is often necessary to move the organization forward based on informed judgment.
Why it Matters
·         Even though making tough calls is not easy, it often improves business results and helps you achieve your vision because it:
a.       Improves speed of execution
b.       Saves time and money
c.       Builds trust and respect
d.       Makes for a more challenging and exciting work environment
·         Going with your gut is the only option in many cases where uncertainty is high or you have a lack of data.
·         Since our natural tendency is to avoid these calls (or delay them until we have every bit of possible data—which, of course, we never have) we need a framework to help look for patterns and have the courage to move forward.
·         Because a leader who can make the tough calls is an inspiration to the team by displaying the energy and passion to get things done.
·         Facing hard decisions head on keeps them from festering. Going with your gut can help resolve problems quickly, before they grow into bigger problems.
Action Plan
Going with Your Gut: How to Make Tough Calls
In the action plan for this module, you will begin by reflecting on your past experiences of making (or not making) tough calls and assessing how well you handled those situations. You will identify quick-win opportunities for applying what you have learned in your daily work. Finally, you will develop a comprehensive plan that you and your team can use to make tough calls on an on-going basis.
Your Starting Point
1.       How many tough calls have you made in the last 6 months? Were you able to take decisive action even if you had limited information?



2.       What do you find most difficult about making tough calls, e.g., being perceived as unfair or unpopular? How can you overcome this uneasiness?



3.       What are the toughest decisions to make for you personally, e.g., letting go of an underperformer, giving candid feedback to a direct report who is also a friend?



4.       Who in your organization is good at making tough calls? Why? Have you talked to him or her about how they do it?



5.       Do you encourage people on your team to make tough calls? Do you support your team members when they make them?



6.       If you were asked to identify your single biggest challenge in making a tough call, what would you say?



Quick Wins
Get started making a tough call right away. Identify one festering problem, no matter how small, and make a gut call to help drive to resolution of the problem. Picking even a small issue and making a gut call will help send a signal to your team and peers that you are willing to address issues head on, and will help build your confidence for making bigger decisions in the future.
Think about the action step in three stages:
1.      Identifying the issue
a.       Talk to your direct reports to identify an issue.
b.       Conduct a quick survey of your team (and/or peers) to identify a decision that is overdue and requires action.
c.       Review existing information. Acknowledge that you may not have every bit of data you would like to have, but recognize that you have enough to make the call.
2.      Making the call
a.       Set a deadline of 48 hours for making the decision.
b.       Schedule a meeting with all your stakeholders (you need to commit this to a timeline).
c.       Deliver the decision confidently and clearly. Explain your rationale, but don’t go too deep. You are the leader, this is your call. It’s made—move on.
3.      Identifying the Issue
a.       If your decision requires ongoing action for yourself and others, set clear expectations for next steps around:
I.                    Timelines
II.                 Ownership
III.               Deliverables
                                  b. Don’t back off. You made the call—stand by it.
Your “Tough Call Checklist”
Clearly identify the exact issue that is at the core of the decision. It’s easy to be distracted by all of the complexities that are part of the problem, but regardless of how much is going on, the decision itself must be simple. “I need to decide to do A, B, or, C.
Set a deadline for gathering the data. If you don’t set a deadline, the indecision can get prolonged indefinitely as you gather more and more information.
Reach out to smart and gutsy people in your organization to get feedback on the decision, and advice on how to make the tough call. It’s your call to make and in the end you will make it, but seek guidance from those you respect.
Detach yourself and your personal feelings from the decision. Focus on the facts that you have and look for patterns that emerge. Don’t make the decision you want to make because someone else would like that to be the outcome. Tough calls will nearly always leave somebody disappointed.
Deliver the decision with confidence and specificity. Never deliver a vague message that withholds painful details or apologize for having made it. If you’re uncomfortable speaking to a group, practice alone in front of a mirror.
Ask everyone if they are 100% clear on the decision, what it means for the organization, and the rationale for making it, ensuring that everyone impacted by the decision is informed of the decision.
Assess the results from your tough call and discuss the results with trusted peers and/or colleagues.
List 2-3 things that went well in how you handled the situation, and 2-3 things that you could have executed better. Don’t expect to get it perfect every time. In fact, it’s not always about making the “right” call; it’s about making the “good” call.
Game Pages
Going with Your Gut: How to Make Tough Calls
Making tough calls is not easy and there will often be fallout. After you make a gut call, it is important to learn from what went well and what did not. This will give you confidence and skills to make difficult decisions successfully in the future.
Tough Calls Worksheet
Specific Decision to be Made:




Deadline for Decision:




Deadline for Information Gathering:



Trusted Advisor List and Meeting Times to Discuss:



Pro-Con Summary:



Decision: