The Secret To Courageous Decisions: A Conversation With Top CEOs [Forbes]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Forbes
Recently we sat down with several of the world's top CEOs to discuss how to make hard decisions and lead through uncertainty. We live in a world fraught with unknowns and change. Recessions threaten, wars disrupt, and economic volatility challenges. As a professor at INSEAD, I've devoted my career to studying innovation and uncertainty, writing about it in my recent book, In our conversation, one CEO of a major consumer brand known worldwide put his finger on the critical issue of leading in uncertainty. The CEO pointed out that there is a paradox that makes it incredibly difficult to make good decisions under uncertainty: “If you look at the companies who over the long run create extreme value, they are almost always investing counter-cyclically,” this CEO reflected. “We all know it. But we never do it. Why?” We see this tension in companies, in careers, and most of all in personal life: we shy away from the really big decisions, the ones that could change our trajectory because
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