The Fine Line Between Fear and Courage

#News(Startup) [ via IoTGroup ]

Headings…
The Fine Line Between Fear and Courage
When making the right choice requires intelligence and courage
Courage, like character, can be developed
One last thought

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In my experience as CEO, I found that the most important decisions tested my courage far more than my intelligence.
The right decision is often obvious, but the pressure to make the wrong decision can be overwhelming.
“Who makes the final decision?”
When making the right choice requires intelligence and courage
Sometimes the decision itself is rather complicated which makes the courage challenge even more difficult.
The only reason the CEO can make a better decision is her superior knowledge.
To make matters worse, when a CEO faces a particularly difficult decision, she may have only a slight preference for one choice over another—say 54% kill a product line, 46% keep it.
How can she kill the product when she is not even sure if the she is making the right decision and everyone is against her?
The Founder/CEO (I’ll call him Hamlet—not his real name) thought that selling did not make sense due to the giant market opportunity that he was pursuing, but still wanted to make sure that he made the best possible choice for investors and employees.
In the end, Hamlet made the best and most courageous decision that he could and did not sell the company.
It turns out that the most important data point driving their earlier preference for selling the company was Hamlet’s initial ambivalence—the team supported the decision they thought the CEO wanted.
Luckily for everybody involved, he had the courage to make the right decision

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