How often do you start a project only to watch it derail or make a decision that leads to a less-than-satisfying conclusion? During the December webinar – “Do your decisions and plans get sidetracked?” – Harvard Business School Professor Francesca Gino explained how to stay on course to get the results you want.
“The problem is we start off with a goal, a clear plan of action,” Dr. Gino said, “and forces derail our decisions often without us realizing it.” By identifying the forces, we can use strategies to avoid unsatisfying outcomes.
Dr. Gino identified three forces that can cause people to go from on-track to off-course:
Forces from within: The human tendency to consider only our own views
“Forces from within” are innate tendencies, factors that exist “by the very nature of our being human.” Dr. Gino said that people consistently rank themselves as higher than average – often much higher – when it is not mathematically possible for everyone to be “above average.” This overconfidence leads people to consider only their own views when weighing decisions instead of seeking additional opinions. “This can be problematic because it leads us to not review data or be open to other perspectives,” she said, often resulting in unsuccessful outcomes.
Case study:
- Before entering a race for the first time, an Italian motorcycle company conducted extensive research and studies to ensure a positive outcome. As a result of their preparation, the race was very successful. Before entering the next racing season, the company executives felt so confident that they did not review data or feedback from the previous year. The second year was a flop, and they had to revise their plans completely before the next race.
- A man is going to ask his boss for a raise and practices his speech with his wife beforehand. While practicing with his wife, the man is very firm and clear with his request. However, when he is actually in the room with his boss, he gets tongue-tied and accepts an offer that does not include a raise. Discussing a raise with his boss led to anxiety, which clouded his judgment and resulted in a different conclusion than what he planned.
- A company in India experienced high turnover in its call center operations. Feedback from employees indicated their reluctance to express themselves authentically with customers and a lack of ownership and pride in their work. The company changed its on-boarding process for a select group of new employees, asking them to think about their strengths and how they would apply them to their work. After seven months, this group had lower turnover rates because reflecting on their strengths “triggered emotions” that gave employees more input – and therefore satisfaction – in approaching their work.
Experience the full benefit of Dr. Francesca Gino’s presentation by watching the webinar today. A full library of previous Forté webinars are available to Premium Access Pass members. For $100/year, Access Pass members receive exclusive invitations to Women Lead webinars and in-person Women Lead events. Access Pass members also have exclusive use of the Forté Job Center; you can browse positions and post your resumé to be seen by leading companies seeking top talent.