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Post by hayleymcglothren on Jul 25, 2013 23:25:58 GMT -6
INSTANT MBA: Don't Become Paralyzed In The Middle Of A Crisis
I would think the most important rule of thumb in a crisis is to remain calm and think. There is usually a good idea just around the corner that can help get things moving in the right direction again, but you just have to relax and think things through. Toss ideas around and see what you can come up with to help get out of the crisis situation.
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Post by kayminix on Jul 26, 2013 15:11:52 GMT -6
INSTANT MBA: Don't Become Paralyzed In A Crisis
The economy has been so unstable to past few years that it makes it hard for people to feel confident in their decisions with business. Being a leader and a manager you should always feel confident and never take to much time to decide. Even if it is not the right choice, it is better than standing still and not making any choice at all. Never fear what may happen, you have to push through and continue to make decisions no matter what happens.
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Post by melissacantrell on Jul 27, 2013 12:08:27 GMT -6
INSTANT MBA: Don't Become Paralyzed In The Middle Of A Crisis
It is very important to take action when faced with crisis. By not acting at all, it is just as bad as making a poor decision. Part of leading a business is being able react quickly and adapt when new situations present themselves. Being able to respond and innovate will put you and your business on top while others are struggling. Use crisis as a chance to shine and stand out above the rest.
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Post by shebilemoine on Jul 27, 2013 13:54:52 GMT -6
INSTANT MBA: Don't Become Paralyzed In The Middle Of A Crisis
When things go wrong with your business you shouldn't be scared to make a decision as to what to do next. Things go wrong all the time and when they do the best thing to do is make a decision about what to do next. Some decisions may be harder than others but you can't be scared to make the wrong one. For example, if your company sold defective products then you shouldn't wait to long to decide what to do. You shouldn't have to think to long about if the defective products will be okay or if you should alert the customers as soon as possible. Your decision should be alert the customers and it should be done in a timely manner.
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Post by gabrielle on Jul 27, 2013 14:24:07 GMT -6
INSTANT MBA: Don't Become Paralyzed In The Middle Of A Crisis
The best way to handle a crisis is to be the leader you know you are and can be. So many crisises of the past have been made worst by leaders who did not stand up and lead and take immediate action. You should let your employees and customers know that everything is in control and you have a plan, even if you don't have an immediate plan. Taking immediate action is key.
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Post by brianbrewer on Jul 27, 2013 19:33:14 GMT -6
INSTANT MBA: Don't Become Paralyzed In The Middle Of A Crisis
This article takes into consideration an interesting aspect of decision making during a crisis. By feeling paralyzed during a time of crisis and not being able to make decisions for fear of making a huge mistake, you are actually making a mistake by not acting. I think it is true that a crisis is the time to act quickly and decisively.
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Post by jacobthompson on Jul 28, 2013 17:36:08 GMT -6
INSTANT MBA: Don't Become Paralyzed In The Middle Of A Crisis
Great article. I’ve certainly been guilty of the “analysis paralysis”, especially when making big decisions that could potentially lose me a lot of money. However, I’ve learned that you have to eventually make a decision so why not sit back and simplify fhings a little and get the basic reasoning for what your decision should be. I’ve said it before, but “Keep It Simple Stupid”
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Post by leannthompson on Jul 28, 2013 17:53:12 GMT -6
INSTANT MBA: Don't Become Paralyzed In The Middle Of A Crisis In a crisis you must show the people around you that you are not phased and not worried. If they see that you are worried then they will be too, but if they see you are calm they will follow suit. Being able to make quick decisions in tough times is what separates the good leaders from the great ones. Even though it might be a scary situation, as a leader you need to stay calm and make the best decision possible, but also make it quickly. You don't have time to sit around and think about for a long time, make a quick decision, and if it doesn't work then quickly make another one. INSTANT MBA: Don't Become Paralyzed In The Middle Of A Crisis I totally agree with you! In the time of a crisis you must present yourself in a put together manner and make decisions as best you can with the information you have available to you. It is time to show your employees how to be strong and fight through it. It also can be a bonding time with your staff if you ask everyone to work together to help the company get through it.
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Post by csummers on Jul 28, 2013 23:50:23 GMT -6
INSTANT MBA: Don't Become Paralyzed In The Middle Of A Crisis
Managers who allow fear to paralyze them during a crisis do the business and its employees an injustice. As the author said, crisis is the time where managers need to be the most decisive. Living in Louisiana, my office deals with hurricanes on a regular basis. If the upper management were indecisive, localities would not receive assistance, the LA National Guard would not have a command post for operations, and FEMA would not stand a chance of getting a tent camp up and running the same day.
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Post by grober86 on Jul 28, 2013 23:56:53 GMT -6
INSTANT MBA: Don't Become Paralyzed In The Middle Of A Crisis
During a crisis, managers often get scared and hesitate to act out of fear of making the wrong move, however this is the time when leaders need to be the most decisive. Sometimes is hard to think about the consequences when something goes wrong with you choice, however its something you must do as a leader.
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Post by msimoneaux on Jul 29, 2013 8:48:37 GMT -6
INSTANT MBA: Don't Become Paralyzed In The Middle Of A Crisis
Everyone has fear of making the wrong moves, we all make mistakes at times. But knowing when to be decisive and make a hard decision is key. Being fearful and showing can put a damper on things. Stay strong and believe that your decision is the right one to make or not.
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Post by robertnicholson on Jul 29, 2013 12:07:45 GMT -6
“Never be afraid to make decisions, because you’re probably making far more decisions than the fellow who is afraid to make them since he may think he is batting 80 percent on decisions, but only makes 10 decisions. You make 100 decisions, bat 50 percent and you make 50 good decisions in that light." I’m not sure this one is this is the best advice either. This guy kind of sounds like a chicken running around with his head cut off.
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Post by kcarson7 on Jul 29, 2013 13:36:00 GMT -6
INSTANT MBA: Don't Become Paralyzed In The Middle Of A Crisis
During any type of difficult situation or crisis, more times than not, you're not going to know exactly what to do. You can't panic though, and you have to move forward with confidence, as if you know exactly what you're doing. If you panic, your employees will panic, causing chaos throughout the company. As a leader, you must be able to react with your best reasoning at a moment's notice.
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Post by Tracye Yochim on Jul 29, 2013 15:10:08 GMT -6
INSTANT MBA: Don't Become Paralyzed In The Middle Of A Crisis
I like the analogy here, but he does have a point. If you are too afraid to make a decision, the decision either isn’t made or isn’t made in time. Part of being the leader is trusting your instinct and going with them. That is what has gotten you where you are and that is where huge successes are usually found.
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Post by ahrield on Jul 29, 2013 15:24:39 GMT -6
INSTANT MBA: Don't Become Paralyzed In The Middle Of A Crisis I believe that by not following the advice of this article, many companies failed during the last economic recession because managers did not act promptly. Time is valuable for any company, and from a business perspective, the time value of money represents one of the main principles of Finance, which holds that the one dollar today is worth more in the future. Following this idea, businesses have to seize investment opportunities quickly, and managers need to make financial decisions at the right time. During a crisis, there is not room for doubts; good leaders should not be afraid of making drastic decisions that will help a company survive an economic turmoil.
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