Risk and the “unknown” is all around us and it is inevitable that significant and unexpected events will disrupt your business. The most successful organizations are those that can navigate through these periods of discontinuity while maintaining perspective, composure, and effective leadership. The true test of a profitable business, and its leaders, is how they react when these events occur.
The ability to handle high levels of ambiguity in life and in business is rooted in both self-confidence and in experiences. Succeeding in other situations where the outcome was far from guaranteed and the path far from clear builds character, confidence, and therefore a higher tolerance for ambiguity.
Nothing is certain in life or business. The profitable habits in the business disciplines, such as problem-solving and decision-making processes, along with experience and self-confidence will give the leaders the wherewithal to navigate through the challenges that lie ahead.
Copyright 2016 Doug Ringer
Doug’s Blog is a frequent memo that is always powerful and to the point. It focuses on innovative ideas to help organizations create Profitable Habits that improve profitability.
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Originally posted 2016-06-12 05:56:05. Republished by Blog Post Promoter