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 and wait for a better option to come along.

People have long agonized over major life choices, like getting married, taking a job, or buying a house, in hopes of finding a slightly better or radically better option.

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...