Effective executivesâ second practiceâfully as important as the firstâis to ask âIs this the right thing for the enterpriseâ They do not ask if it's right for the owners, the stock price, the employees, or the executives. Of course they know that shareholders, employees, and executives are important constituencies who have to support a decision, or at least acquiesce in it, if the choice is to be effectiveâŚ
Asking âWhat is right for the enterprise?â does not guarantee that the right decision will be made. Even the most brilliant executive is human and thus prone to mistakes and prejudices. But failure to ask the question virtually guarantees the wrong decision.