BI Helps Overcome Fear of Failure

7:17 pm BI Theory

Fear of Failure is often cited as the reason for not extending ones reach in both personal and business feats. In the case of an employee, the fear of failure is really little more than fear of criticism or blame – they personally don’t take a financial hit if the product is wrong or the launch campaign isn’t as effective as planned. So how does BI help? BI puts the analytics, the rationale and logic behind a decision out there for everyone to see – everyone to accept – and everyone to share the blame. It takes the onus of decision making off a single person and spreads it across the business. It provides a fact-based, rather than person-based foundation for decisions.

Getting away from the blame game, gets your business away from the lame game, and gets it competing with more focus, more knowledge and more confidence. It opens your business to becoming more remarkable. Staying safe, playing within the lines is not the way to grow a business – growth requires risk, calculated risk. The very best outcome will be one that most people love and some people hate, but at least you are pushing the barriers and getting noticed. Getting noticed today is a major goal of any business – getting noticed profitably is the ultimate agenda.

Playing safe and staying the same as your competitors doesn’t get you noticed, and doesn’t get you ahead of the pack. As businesses start to stretch out again following the recessionary shrink, caution will be a common call. Only those with the tools to analyse their options in a rapid manner, thus avoiding paralysis by analysis, will lead the charge in the post recessionary wave.

It’s your choice to ride the wave, or wave goodbye. It’s your choice to go it alone or lean on BI.

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