Are you tired of letting indecision and poor decisions run your law firm?
Join Moshe Amsel and Jack P. Flaherty, author of The Decision Switch, as Jack shares the seven key principles of effective decision-making so that you can take back control of your firm. Moshe and Jack discuss how to enhance your decision-making process and drive improved business results.
Listen now to discover the solution for achieving more confident and successful decision-making!
In this episode, you will be able to:
[00:00] Introduction to Jack P. Flaherty
Jack Flaherty, a business futurist with expertise in technology, operations, and organizational design, shares his background and the catalyst for writing his book, "The Decision Switch," which focuses on successful decision making.
[02:30] Importance of Empathy and Understanding in Decision Making
Jack discusses the importance of empathy and understanding in decision-making, highlighting the impact of the lack of empathy during the Covid-19 pandemic and the need for a pragmatic approach to decision-making in an increasingly complex business environment.
[08:19] Triage First: Assessing Decision Priorities
Jack emphasizes the importance of triaging decisions, categorizing them based on urgency and value, and collaborating with others to prioritize critical goals. He encourages leaders to delegate lower-priority decisions to free mental space and focus on the most important tasks.
[12:17] Slow Down and Think Before Making Decisions
Moshe and Jack discuss the need to slow down and avoid rushing into decisions, especially when feeling pressured or rushed. They emphasize the significance of aligning decisions with critical goals and questioning the information provided to form well-rounded conclusions.
[15:24] Setting the North Star
Jack discusses the importance of having a North Star to guide decision-making, using the example of an insurance company's mission to serve the senior population and how it shaped their procurement decisions.
[18:23] Collaborating with Others
Jack talks about the importance of seeking feedback from others, especially those who may disagree with your decisions, in order to gain different perspectives and ensure well-rounded decision-making.
[23:48] Recognizing Cognitive Bias
Jack delves into the impact of personal biases on decision-making, emphasizing the need for objective debate and inquiry-based dialogue to mitigate biases and arrive at more well-informed decisions.
[28:36] Being a Champion
Jack highlights the role of a champion in ensuring project momentum and success, emphasizing the importance of executive leaders who mentor and support teams to navigate the political landscape and achieve their goals.
[30:28] Managing Fallout with Empathy
Jack discusses the need to consider the negative implications of decisions and soften the blow for those impacted, fostering a culture of kindness and empathy to create champions and leave a positive legacy.
[32:47] Self-Reflection for Better Decision-Making
Self-reflection is key to improving decision-making. Jack suggests cataloging critical decisions, acknowledging mistakes, and seeking improvement. He emphasizes that failure to address mistakes leads to repeated failures.
[34:17] Practical Application of Decision-Making
Jack addresses the challenges of applying decision-making steps to daily decisions. He discusses the need for a structured approach for critical decisions and the importance of incorporating decision-making principles into everyday life.
Take the Law Firm Growth Assessment and find out how you rate as a law firm owner!
Check out our Profit with Law YouTube channel!
Learn more about the Profit with Law Elite Coaching Program here.
Jack is a business futurist with expertise in technology, operations, and organizational design.
Following a twenty-plus-year career as an investment banker, Big 4 consultant, and strategic executive advisor, Jack recognized that decision-making is not only the most critical skill in determining success but also frequently creates stress and self-doubt, especially for those who struggle due to a lack of knowledge, relationships, or resources to successfully navigate an increasingly complex, tech-centric business environment.
Driven by empathy, Jack is dedicated to empowering individuals with the necessary knowledge and tools to transform them into confident and decisive leaders capable of achieving the success they truly deserve.
If you did, be sure to subscribe and share it with your friends!
Post a review and share it! If you enjoyed tuning in, then leave us a review. You can also share this with your friends and family so that they can gain more insights about starting and expanding their respective careers. Not getting enough sleep is bad for your business, so get your deep and dream sleep phases in!