The Power of Decision
One of my mentors, a retired CEO, said that chief executives are essentially paid big bucks to make three major decisions each year.
The key, then, is to first recognize these three decisions and then respond in the best interest of the organization.
Think back to February ‘08. Apple’s iPhone became an international sensation. Programmers, however, wanted to do more with the cool smart phone and found ways to hack the iPhone.
Since the iPhone’s release in June ‘07, Steve Jobs’s team attempted to thwart the hacking community to no avail.
Then came Jobs’s BIG decision in March ‘08. He announces a software development kit that allows programmers to create applications for the iPhone to be made available in the new iTunes AppStore. Programmers get to keep 70% of the revenue.
It’s difficult to appreciate the power of this single decision. Apple recently celebrated its 1 billionth download from the AppStore, which has over 25,000 Apps and 5,000 more added monthly.
More importantly, with the new App Mania, Apple is now well positioned for the next wave of mobile innovations while their competitors play catch-up.
Effective leaders value the power of a decision. Be deliberate and thoughtful in your decision making. Choose well.
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