GHI’S STUDY ON INDECISION
OUR LATEST RESEARCH HIGHLIGHTS
BUSINESS PROBLEM: INDECISION
Indecision is more widespread than you think.
Leaders delay making decisions in situations that involve clear way of doing things (right vs wrong options). An even greater number of leaders delay making a decision when faced with a right and right option (two viable options).
These delays can be more than 2 days.
(N = 80; 48% women; 50yr; 90% university degree; 29% CEOs/President and 19% VPs; 80% in a Management Role; on average 12 years of experience; Consultation and manufacturing most common industry; 72% Canadian & 28% international).
INDECISION IS CO$TLY
Clear way decisions (right vs wrong):
49% stated costs ranging from $5k to over $1M. Only 3% knew the exact cost. watch this video.
Decision with two viable options (right and right):
46% stated costs ranging from $5K to over than $1M. Only 6% knew the exact cost.
INDECISION HURTS
The mental weight of indecision is significant across all conditions.
Impact was greatest at the personal level which including arguing with family, loss of appetite, and declining invitation from family and friends. In fact, managers delaying a decision or even colleagues’ indecision caused as much mental distress as one’s own indecision.
