Long-Term Uncertainty and the Decision-Making Process – Cynthia Mills

COVID-19, Leadership

March 30, 2020 | By: Cynthia Mills
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Sponsored by Mid America Specialty Services. Making decisions during a period of long-term uncertainty is one of the more challenging components of leadership in response to crises such as the COVID-19 pandemic. In order to be effective, Cynthia Mills of The Leaders’ Haven outlines three different disciplines that leaders need to keep in mind when making short-term and long-term decisions during periods of uncertainty. These decision makers must break free from fight-or-flight paralysis, manage their stress levels, and look at the data through three perspectives. When considering data, a leader must ask: what if this situation is the new normal; what if we go into a deep recession trough, but with a quick recovery; and what if we go into a long-term depression scenario? Effective leaders will be able to gather data on a day-to-day basis and incorporate these practices to make better short-term and long-term decisions.

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