Saturday, January 07, 2012

Video Clip: Click to Watch

Asks Enterprise Risk Management (ERM) Expert and Speaker Gary W Patterson

January 7, 2012 – Atlanta, GA –"Why do so many c-level executives fail to learn from past mistakes?" asks Gary W. Patterson, FiscalDoctor® and author of the forthcoming 2012 book, Finding Your Million-Dollar Blind Spots©.

Underlying every failure is an opportunity to learn, grow, and succeed, proclaims Patterson. Yet, so many executives are quick to sweep their mistakes under the rug and go blindly and blithely into the future. True leaders are those who are willing to take off their blinders, admit their mistakes, and learn how to make better decisions moving forward. Below are five essential steps that can help you come to terms with your mistakes and position yourself for future success.

Step 1: Be honest and take responsibility for the mistake.

Step 2: Dissect your decision-making process and isolate the areas that may have factored into your making a poor decision.

Step 3: Review the situation (market conditions) surrounding your decision. Was the decision made in haste? Did you have all the information needed to make an informed decision? Did you do due diligence?

Step 4: Discuss the problem with others who may have been involved in the decision making. Analyze the role each person played in making the decision. Did you have the right people with the right expertise at the table? 

Step 5: Review your own behavior and attitude. For example, do you feel the need to be right all the time? Do you discourage honest, open communication? Do you foster a group-think mentality? Are you willing to face your blind spots? Are you willing to change? Are you willing to seek help in learning how to make better decisions?

About Gary W. Patterson

Gary W. Patterson, president & CEO of FiscalDoctor®, works with leaders who want to uncover their blind spots so that they can make better decisions.© He has helped  companies spanning supply chain, high tech, transportation, construction, and service industries. Patterson is a well-known speaker on enterprise risk management (ERM), operational risk management (ORM), strategic budgeting, risk assessments, leadership, and change management. His forthcoming 2012 book is titled Finding Your Million Dollar Blind Spots: What the CEO Needs to Know and Doesn't: The Why and How to Tell Your CEO."

For more information on the FiscalDoctor, visit his website at www.fiscaldoctor.com. Patterson also offers a "free" fiscal fitness test at www.fiscaldoctor.com/fiscaltest.html. He can be reached at 678-319-4737.

© 2012 Gary W. Patterson All Rights Reserved. ###

Gary W. Patterson

Trusted Advisor

FiscalDoctor Inc.

Alpharetta, GA

781-237-3637