The Inventor of FOMO Is Warning Leaders About a New, More Dangerous Threat - Deepstash

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The Inventor of FOMO Is Warning Leaders About a New, More Dangerous Threat

The Inventor of FOMO Is Warning Leaders About a New, More Dangerous Threat

inc.com

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The Fear Of Missing Out

FOMO, or the "fear of missing out," has permeated most corners of our popular culture. But rest assured -- FOMO wasn't invented by some Madison Avenue agency. In fact, quite the opposite; the term was created by a Harvard MBA named Patrick J. McGinnis, author of The 10% Entrepreneur.

Howeve...

Fear Of A Better Option(FOBO)

Most people don't know that FOMO is just one half of the managerial equation. It has an even darker counterpart -- one that can cripple and then completely ruin companies if it's not managed well.

FOBO, or the "fear of a better option, managers don't act at all, choosing instead to sit back...

How FOBO Affects Your Office

FOBO means that managers create as many options as possible, keep them open, and then decide which options work somewhere at the time and place that is most favourable.

Today, when we have so many options, we don't just try to optimize whom we marry, or where we work or live -- we ...

Leaders must accept that decisions come with downsides, trade-offs, and the risk of failure. Otherwise, they are too slow to react.

With that acceptance in mind, leaders simply must move forward and make the best decision they can.

In a world where innovation is the c...

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