The volume of decisions can easily make any manager tired, confused and involved stress slow This is where managers with high emotional intelligence get help from the 10-10-10 rule to make better and clearer decisions.
as a the leader Or a busy entrepreneur, you have to make a series of decisions every day. Some of these decisions are small, like choosing lunch or a sofa, while others have deep and long-term effects, like changing business strategy or taking advantage of new opportunities.
In such an intimate atmosphere, anyone can feel stressed. This is where the 10-10-10 rule comes in handy. This law is a simple and transparent framework for understanding the consequences and effects of management decisions.
Next, how the 10-10-10 rule works and the reasons why this rule is very suitable for evaluating short-term and long-term decisions are explained.
What is the 10-10-10 rule?
The 10-10-10 rule encourages you to evaluate the consequences of your decisions in three different time frames:
- 10 minutes: How will you feel about this decision in the moment or in the short term?
- 10 months: In the medium term, what will be the effect of this decision?
- 10 years: In the long run, how will this decision change your life, business, or relationships?
This framework forces you to look at your decisions from different angles. In this model, both short-term feelings and long-term values are considered. In the next step, decisions are made that are in line with your goals and priorities.
The exact definition of the 10-10-10 rule
The 10-10-10 Rule is a simple but powerful decision-making framework introduced by Professor Suzy Welch of New York Business University. This rule helps you evaluate your decisions from three different time perspectives: short-term (10 minutes), medium-term (10 months), and long-term (10 years). The main purpose of this framework is to provide clarity and balance between the immediate emotions and long-term effects of your decisions.
Steps to use the 10-10-10 rule
Clearly define the decision
First, clearly define the decision you have to make. The more specific your decision, the easier it will be to use this framework. For example, ask: Should I launch a new product line while my team is busy?
Evaluation of the 10-minute perspective
Ask yourself: How will this decision affect me in the moment – that is, ten minutes from now? Consider emotions, stress levels, and immediate rewards or challenges. For example, launching a new product may cause chaos in the short term, but it can also create new excitement and motivation.
10-month perspective evaluation
Then think: What will be the consequences of this decision in the next 10 months? At this stage you should evaluate the mid-term results, including possible risks and benefits. If you implement a new strategy now, can it turn into a significant revenue stream in the next 10 months? Or maybe it still faces problems in attracting customers and consumes unnecessary energy and resources?
Imagine the impact of 10 years
Finally, ask yourself: How will this decision affect my life, career, or business in the next 10 years? This long-term view ensures that your choices align with your core commitments and values. In other words, your decisions must align with your core values and long-term vision.
If your decision is successful, your company may be recognized as the market leader. However, if you fail, it may lead to financial loss, shrinking of the company or even bankruptcy.
Why is the 10-10-10 rule effective?
The 10-10-10 rule forces you to consider both the emotional reactions and the logical consequences of a decision. Because of this, you consider things that are usually overlooked. Because leaders and entrepreneurs are often under pressure to make quick decisions, this framework encourages them to make decisions beyond the pressures of the moment.
How to use the 10-10-10 rule
The next time you’re faced with a tough decision, try the 10-10-10 rule. Not only will it help you make smarter decisions, but it may give you peace of mind and confidence knowing you’ve considered all aspects. This approach can improve the quality of your decisions and increase the effectiveness of your leadership.
A practical example of using the 10-10-10 rule
Suppose you are thinking of opening a new branch for your business. Using the 10-10-10 rule, you can evaluate your decision as follows:
- 10 minutes: What is the feeling of excitement and worry about this decision?
- 10 months: Has the new branch been able to attract more customers and increase the profitability of the business?
- 10 years: Has this branch contributed to the sustainable development of your business and stabilized your position in the market?
How do leaders with emotional intelligence use the 10-10-10 rule?
By combining this law with their abilities, leaders with high emotional intelligence make decisions that are not only logical and effective, but also aligned with their values and long-term goals. Here are some examples of how to use them
Managing momentary emotions
Such leaders understand that decisions influenced by momentary emotions such as stress or excitement can be incorrect. Using the 10-10-10 rule, they ask themselves how this decision will make them feel in the next 10 minutes. Do these feelings affect their judgment? This helps the leaders of the organization to avoid hasty and emotional decisions.
Understanding the medium-term effects
They are well aware that decisions made today will have significant impacts in the future. By examining the 10-month impact, they can predict and plan for the possible consequences of their decision in the medium term. This helps organizational leaders to avoid potential problems and seize opportunities.
Aligning decisions with long-term values
Leaders with high emotional intelligence attach great importance to their values and long-term goals. By looking at the 10-year impact, they ensure that their decisions align with these values and help them achieve their goals. This approach helps them avoid decisions that may seem attractive in the short term but could be harmful in the long term.
Empathy with stakeholders
Leaders with emotional intelligence consider the impact of their decisions on others. Using the 10-10-10 rule, they ask themselves how the decision will affect employees, customers, shareholders, and other stakeholders. This empathy helps them make decisions that benefit not only the organization, but also all stakeholders.
Source: Inc
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