What do you believe is the single most important factor driving up the cost of living in Nigeria?

One of the most daunting tasks for new leaders is making decisions that impact others. Although the average person makes thousands of conscious decisions each day—some estimates suggest as many as 35,000—when it comes to making decisions in the workplace, many hesitate.

A lack of experience often causes new leaders to hold back, intimidated by the fear of making mistakes. The stakes can feel high, as their choices can have far-reaching consequences, not only for themselves but also for the organization and its employees.

New leaders might face decisions such as delegating responsibilities among team members, prioritizing projects with limited resources or managing conflicts between employees.

With time and practice, leaders learn to develop decisiveness—the ability to listen to their intuition for making effective, quick decisions. Decisiveness is not about being rash, but about having the confidence to act based on evidence and experience.

Effective decision-makers balance competing priorities and options while staying deeply aware of the needs of their stakeholders, from employees and colleagues to customers and investors. Once they reach a decision, they follow through with firm, resolute action.

• Read More