HBR Guide to Thinking Strategically (HBR Guide Series) by Harvard Business Review;

Author:Harvard Business Review;
Language: eng
Format: epub
Publisher: Lightning Source Inc. (Tier 2)
Published: 2018-11-20T00:00:00+00:00

Human Nature and the Aversion to Letting Go

As humans, we’re emotional beings, and our emotional attachment to initiatives can often stand in the way of a clear analysis of how much value they bring. The time and effort we’ve invested in a project in the past often blinds us to what it may contribute in the future. We need to put those emotions aside to judge the initiative on its merits and learn to let go.

In an ideal world, we’d be able use pure logic to make these strategic choices on what to cut. Think of Star Trek’s Mr. Spock when he assesses situations on the USS Enterprise. Unencumbered by emotion, his decisions on how to proceed come down to three simple steps:

He estimates the value of what he’s currently doing.

He estimates the value of what else he could do.

He then compares the two values. As soon as he sees that the alternative creates more value than the current option, he switches to that new path.

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