– Not at all — We do a great job of avoiding it: 12%
– Somewhat — We occasionally get sucked into the data: 37%
– Very — We spend too much time analyzing versus deciding: 38%
– Extremely — We never make decisions because all we do is analyze: 13%
Get out of the data. The good news is, we have tons of data. The bad news is we drown in it. There’s a simple approach for staying out of analysis paralysis or for breaking out of that dynamic when it rears its ugly head: ask if that incremental analysis changes the answer. If the results of the new analysis won’t change your recommendation, don’t do the analysis and move into decision making mode. Analysis paralysis is a symptom of risk avoidance. You get paid to take calculated risks. So put down the calculator and take the risk.
Do you agree with these poll results? Let us know in the comments below!
Did you enjoy this post? If so, I highly encourage you to take about 30 seconds to become a regular subscriber to this blog. It’s free, fun, practical, and only a few emails a week (I promise!). SIGN UP HERE to get the thoughtLEADERS blog conveniently delivered right to your inbox!
These results were originally a SmartPulse poll in SmartBrief on Leadership which tracks feedback from more than 210,000 business leaders. Get smarter on leadership and sign up for the SmartBrief on Leadership e-newsletter.