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How to set clear objectives
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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.
However, while we have come to use it in our everyday vernacular ("Dude, my dog has serious FOMO every time I leave him at home"), McGinnis actually developed FOMO for the context of business decision-making.
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How to avoid FOBO
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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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...
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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 ...
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Fear of missing out (FOMO)
The fear of missing out has always been there. But the explosion of social media has made FOMO more prevalent as we can easily see what all our peers are doing all the time.
The fear of missing out
Another mental health phenomenon associated with social media is what is known as FOMO, or the "fear of missing out."
Consequently, social media sites like Facebook and Instagram seem to exacerbate the fear that you're missing something or that other people are living a better life than yo...
FOMO (Fear of missing out)
The fear of missing out on better projects, better colleagues, and better opportunities can become a persistent, nagging problem that won’t let you rest or stay in the moment.
Too often, FOMO drives unproductive choices. So, we end up in projects that over...
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