We all want to empower our team members to make their own decisions. But what does that mean, and how can we better help them know how and when to act?
This interview is part of a series conducted with mentors during Project Literacy Lab. Hear from 3 serial entrepreneurs about how they make tough decisions.
As a serial entrepreneur who advises the White House, Jeff Hoffman speaks to universal themes facing entrepreneurs: failure, uncertainty, success, and more.
As an entrepreneur, you want to drive your business with the consumer as the focus, while staying aware of who your customers are. This builds empathy.
In your company there will be the easy, practical, “this is what we’ve always done” posture. Challenge yourself by asking, “Is this right, or is this easy?"
Two things drive decisions: greed and fear. Recently, fear seems to be sticking around. But you can build great companies in times of both greed and fear.
When controversial decisions are on the table, teams often disagree on what to do. Here's a framework to improve the decision-making process and buy-in.