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The first mistake is falling victim to the bandwagon effect. This psychological phenomenon means to aligning yourself with an idea, person or practice, because of the perception of success, without really knowing what you are really getting into.
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There are two aspects of this. We are either really unsure about what to do and rely on the views of others, or we are really worried about the political ramifications of not following the crowd.
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Relying on the opinion of others who are overconfident, or not asking enough questions because we are overconfident in our own knowledge and skills is dangerous. It can lead to wasted time and wasted resources.
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Creating lasting change for ever-improving results is about taking action, evaluating impact through data, tweaking and refining based on what you see, then evaluating impact again based on the data, and then continuing to tweak and refine your processes until you achieve your desired outcome.
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Before you invest money, time and emotional and physical energy into a new approach, make sure that you haven't fallen victim to the bandwagon effect. Make sure that the people you are taking advice from actually have robust enough knowledge to not be leading you down a garden path.
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Big picture decision making can feel high-risk for any leader. Having to make them quickly is even more difficult.
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