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Content: Potential implications from faulty products that you didn’t pull from the shelves because you were unsure of whether or not they were really a hazard. ( Hint: Make these types of decisions as quickly as you can when you reach the 40% threshold to avoid lawsuits and other disasters)
And these types of ripple-effect consequences aren’t the only results. Even the smallest of decisions (like bumping an employee’s pay) can impact broader spectrums of your business. For instance, an employee who was promised a pay raise after X amount of time but who is delayed their raise because of indecision can begin to feel uncertain in their position. As a result, they may begin to discuss amongst their peers or you may see their quality of work begin to dwindle. Enthusiasm fades, and more people are impacted than the original group. President Truman kept a placard on his desk that read ‘The Buck Stops Here.’ Everyone can ‘pass the buck up’, so to speak, from time to time. Decisions can get forfeited to the next higher rank, but at some point, the buck must stop — and, in all likelihood, it’ll stop with you.