On Being Right

Think back to decisions you made five years ago, two years ago, one year ago.

Knowing what you know today, would you have made the same decisions? Chances are, with the benefit of 20/20 hindsight and the passage of time, at least a few of your past decisions don’t look as good today.

Think about the decisions you’ll be making today, tomorrow, a year from now.

Do you plan to make the right decision? Of course you do. But, what will “future you” think of these decisions in two years, or five years?

What if the decision you made in the past was the exact right one, but needs to change today in the face of new facts? Will you make the new decision?

As automobile and air travel were being invented, imagine if railroad companies allowed their names (and missions) to change from railroad, to transportation. Railroad companies certainly had the capital and infrastructure advantages necessary to take a commanding lead in all forms of transportation, not just rail. Unfortunately, in the face of new information and disruptive innovation, they chose to hold onto their past “right” decisions. They chose to focus on being the best railroad companies, when they could have become the best transportation companies.

Making new decisions without the burden of always having to defend past decisions can lead to unexpected, and sometimes awe-inspiring, new opportunities.

Are you giving yourself and those around you the freedom to make new, better-informed decisions? Are you willing to be wrong in the past?

One thought on “On Being Right

  1. Kr

    some of us have reached that age where we sometimes can not recall 5 years back ! In retrospect I think that we all have looked at our lives ,both personal and business and said to ourselves ” What was I thinking ?!”
    The key is to be flexible ,not so set in your own ways as not to entertain new ideas. Life is a road with many twists and turns and you should be prepared for what is around the next bend..
    Kr<

    Reply

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