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Wait! Before your make any business decisions today, are you absolutely sure they're good ones?
I ask this question because the Corporate Executive Board surveyed 5,000 employees and found 60% of them are making bad business decisions on a regular basis.
More to the point, nearly two-thirds (62%) of employees don't really know what to do with the information they're given every day. Workers with insight deficits (you can't make these terms up) are failing "to complement data with the necessary judgment to arrive at optimal conclusions," according to CEB.
In other words, they're reading documents and spreadsheets and hastily-scribbled memos and status updates and then screwing up royally. Hey, we're all human at the end of the day and even half of senior managers surveyed are prone to their own insight deficit moments, so there.
The best part? CEB tells us that more than one-third (43%) of employees trust but fail to verify data and about 20% just go with their gut when deciding what to do. Don't worry people, I got this. I don't need no stinking memos.
And not surprisingly, employees who listen to others while actually analyzing the information at hand tend to be the best decision makers, but they account for only 38% of all workers. And there's just more and more and more data to analyze, thanks to modern technology. Sigh.
So the next time you ask a co-worker if they got the memo and they shoot you a blank stare, you'll know why. Maybe you can have employees take that old grade school test where all the direction-averse kids were patting their heads, rubbing their tummies and circling words until they got to the end of the page to learn they only had to write their name in the top right corner. Now we know who doesn't read the instructions! So busted. Well, it worked for your third grade teacher, didn't it?