Tuesday, January 7, 2014

Point of no return decision making

I had the idea to write this blog while I was in Durban over the Easter weekend. It occurred as a result of a visit to Moses Mabhida stadium but quite honestly the idea has been around for a while. Its something that I first encountered whilst traveling with a colleague of mine Des Le Roux. Des has a very odd (well I think so anyway) quirk where she commits to a route but only for a limited period. Let me explain, if she is not 100% certain about a route she will commit to that route for a a fixed time period or a fixed distance. Its her way of managing her travel risk. I've been thinking about it for a while now and I think that its actually quite a valuable management tool or skill to develop.

The Moses Mabhida example happened as follows. We were originally going to hire bikes to ride around the stadium but decided against it when they asked me to leave my licence behind. We then started the walk around the stadium, while walking I kept thinking that maybe I should turn back an go a fetch the car and move it to the other side of the stadium, which is where we were heading. I needed to make the decision early because the longer I took to decide the less the value of the idea would be worth. From an effort point of view, the further I walked the less valuable idea would become. I turned around at about the 30% mark, walked back to fetch the car and met Robyn and my oldest daughter on the other end of the stadium. Had I walked further I would have wasted that energy and realised less value from my idea.

Hey, my shortest blog to date...maybe all of them should be this length...