The Power of Quitting
About this episode
The episode discusses critical decision-making skills for executives, including opportunity costs and the sunk cost fallacy.
To be effective, you have to improve your decision making skills. What happens when you get it wrong? Do you really understand the price you - and your team - are paying in terms of time, distraction and dollars? In today's show, I unpack three critical skills that every effective executive must learn and master: evaluating opportunity costs; avoiding the sunk cost fallacy; and recognizing further secondary costs. It took me years to learn the merits of all of these. Hopefully you'll be a faster study! Want to experience a "mini version" of the Next Level Executive program yourself? Join me in a 3-week sprint series. Details at: www.grouppractice.coach Got questions? I've got answers! You can reach me directly at: Perrin@TheNextLevelExecutive.com You can find out more about me and the Next Level Executive program at: www.TheNextLevelExecutive.com
Topics covered
- decision making
- opportunity costs
- sunk cost fallacy
- executive skills
- team management
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