It is essential to employ a proven methodology when making decision that impact a business - no matter the perceived importance of the decision or the size of the organization. General staff and management should be encouraged to make informed and well-thought-out decisions. Asking senior management for guidance every step along the way is inefficient and can restrict the autonomy of employees. Whether you are deciding which project is the highest priority, which vendor to choose, or which strategy to pursue, the ability to make a good decision with available information is vital.
In business and everyday life, the forces of confidence and humility are in constant competition. I propose that the two can be complimentary forces. The right balance of humility and confidence is necessary for establishing yourself, achieving goals, and maximizing success. A shift in this balance leads to arrogance ─ a fault in human character, but a deathblow in business.