The Opportunity Cost of Bad Business Decisions

An in-depth look at how dysfunctional behaviors and personalities can negatively impact business decisions, imposing unseen opportunity costs that hinder competitiveness, innovation, and advancement over time. Outlines proactive mitigation tactics for hiring, accountability, and modeling transformative leadership.

GUIDE

Political Players

Short Spanners

Co-workers with sneaky or hidden agendas often manipulate the decision-making process

to serve their personal interests, rather than focusing on what’s best for the company. The

hidden motives of Political Players may be silently sabotaging the decision-making process,

diverting resources in the wrong direction, and causing a ripple effect of negative conse-

quences.

Impact: One of the most glaring repercussions of hidden agendas is the misallocation of re-

sources. Without transparency and a focus on what’s truly best for the company, decisions

may be driven by personal interests rather than sound judgment. This can lead to the pursuit

of projects that haven’t been thoroughly researched or are merely a knee-jerk reaction to

feedback from a select few. The result? Wasted time, money, and effort on endeavors that

may not align with the company’s goals or deliver the desired outcomes.

In the fast-paced world of modern business, shrinking attention spans have become an in-

curable epidemic. Bombarded by endless information and distractions, decision-makers

struggle to keep their eyes on the prize. They are easily captivated by novel concepts yet

just as readily get bored when a concept takes too long to implement or show resuits. Short

spanners breeze through meetings soaking up ideas, but their inability to focus and capture

pertinent details results in work that is sub-par or that lacks the substance needed to drive

results leaving colleagues in their wake struggling to decipher exactly what they were try-

ing to achieve, and in many cases scheduling follow up meetings to review what was already

covered in previous meetings.

Impact: Short Spanners often can be linked to results rooted in rushed choices that lack

proper consideration or research, leaving the company with less-than-stellar results. These

decision-makers may rely on surface-level information, misunderstood information, or make

assumptions without digging deeper and gathering all the necessary data. It’s like they’re

50% Human attention spans shrunk by 50% from

2000 to 2022, GenZ has the lowest attention span at

only 1.3 seconds.

(WyzOwl, 2022)

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