Archive for October, 2008
How to make decisions in such a chaotic situation?
Today’s finance and somehow also world crisis is challenging for many leaders. The tools they have learned, the experiences they have made are no longer helpful. Reading the newspaper every morning, you find tons of reports about top manager who are paralyzed with fear, even panicking, mainly because they just do not know what to do. They do not know what impact their decisions will have. To put it in a nutshell they lost all CONTROL!
Today’s situation is not just complicated or complex – it is chaotic. The turbulence is extremely high; there are no cause-and effect-relationships – so no point for looking for right versus wrong answers. The number of unknowable is increasing and everybody is under pressure to make decisions but we all lack time to think. Which results in high tension, pressure and even burn out. It is however a great chance to learn. I do not want to sound sarcastic, but we – as systemic consultants and researcher in the field – are preaching since many years that leading in complex and chaotic situations will become the norm and that leaders should start practicing. Today you can start. How? Read the rest of this entry »