PAPILLON'S STUDY ON INDECISION
OUR LATEST RESEARCH HIGHLIGHTS
BUSINESS PROBLEM: INDECISION
Indecision is experienced by leaders, their colleagues,
and managers alike.
Leaders were more inclined to delay taking a decision when faced with two viable options compared to a clear way of doing things. The difference between the proportion of delaying a decision with a clear way of doing things and the proportion of each of the rest of the scenarios is statistically significant (P<0,1). These delays can be more than 2 days.
Population: N = 140; 84.3% Canadians & 12.9% Americans. 55.7% women; 71.3% less than 55 yrs; 75% with university degrees; 35.7% C-Suite level and 15% Executive Directors; 75% manage people. Most have 11 years of experience in their current role. Services (57%); Goods/Manufacturing (37%) Science-based technologies (5%) most common industries.
INDECISION IS CO$TLY
According to leaders, the cost of indecision on four aspects of productivity cannot be denied.
When faced with a clear way of deciding (right vs wrong):
65.8% of the leaders stated that there was a cost to their indecision. Although 7.2% speculated that the cost of their indecision may be $100,000 or more, only 2.7% knew the exact cost.
When faced with two viable options (right and right):
53.8% stated there was a cost to their indecision. Although, 8.5% speculated that the cost of their indecision may likely be $100,000 or more, only 6.6% knew the exact cost.
INDECISION HURTS
The mental weight of indecision is significant across all conditions of decision-making for self and others.
Over 60% of the leaders reported a personal impact due to moments of indecision. The impact of indecision across three indicators of personal well-being was reported when faced with either two viable options or a clear way of doing things. Interesting to note as well is the number of leaders who reported personal impact of their managers’ and colleagues’ indecision. The impact of indecision on leaders’ mental health can reduce their sense of engagement and commitment to the organization.
Indecision is a human condition. It will NEVER end.
A mind that sees the problem cannot be the same mind that finds the solution.
Papillon MDC Inc. can alleviate the impact of indecision by giving employees access to a counsel of coaches when they need support through its innovative program: DECISIONX™.
