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ADMITTING A MISTAKE

BRYCE ON MANAGEMENT

– “The longer you delay admitting a mistake, the more expensive it will be to correct.” – Bryce’s Law

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Nobody likes to admit making a mistake. We tend to believe it makes us look bad in the eyes of our coworkers, friends and particularly the boss. It’s a real test of our integrity. Some people like to cover-up mistakes so they go undetected or, even worse, let someone else take the blame for them. I find mistakes tend to fester and grow if left unchecked, thereby causing bigger headaches and costing a lot more money if we don’t catch them in time.

Every once in awhile you have to look your boss straight in the eye and say, “I screwed up.” It’s kind of like having a priest listen to your confession. Although the boss may be disappointed, he will be appreciative of the fact you came clean with him early on and brought the problem to his attention where it can be caught and corrected with minimal damage.

In this day and age of micromanagement you don’t see too many people willing to admit a mistake. They take on an assignment, get in over their head, and fail to yell for help in time. This does a disservice to the assignment, the people depending on you, and yourself. In business, it is not uncommon to see people rising above their level of competency (aka, “The Peter Principle”). In other words, they have been placed in a position where they are incapable of performing their job effectively. Keeping them in this position is a disservice to the company as well as to the person. Frankly, I think we have too many people in over their heads who refuse to ask for help, which I consider a pretty scary operating scenario.

We have all made mistakes we wish we could take back and correct, some small, others real beauts, but there is nobody out there without a blemish on their record, which is why we are all willing to forgive, provided the person comes clean with it early on.

There’s an old axiom in business that says, “If you make 51% of your decisions correctly, you will be a success.” I’m not suggesting we don’t strive for perfection, but we should all realize it is an impossibility. After all, the last guy who was perfect, they hung on a cross.

Also published with News Talk Florida.

Keep the Faith!

Note: All trademarks both marked and unmarked belong to their respective companies.

Tim Bryce is a writer and the Managing Director of M&JB Investment Company (M&JB) of Palm Harbor, Florida and has over 40 years of experience in the management consulting field. He can be reached at timb001@phmainstreet.com

For Tim’s columns, see:   timbryce.com

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Copyright © 2016 by Tim Bryce. All rights reserved.

Also read Tim’s columns in the THE HUFFINGTON POST

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Listen to Tim on News Talk Florida (WWBA 820 AM), WZIG-FM (104.1) in Palm Harbor,FL; KIT-AM (1280) in Yakima, Washington “The Morning News” with hosts Dave Ettl & Lance Tormey (weekdays. 6:00-9:00am Pacific). Or tune-in to Tim’s channel on YouTube.

 

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Tim is a writer and management consultant located in the Tampa Bay area of Florida.

3 comments to ADMITTING A MISTAKE

  • Tim,

    Yes, not only is that true in business, but also in stock trading and politics, like hanging onto a loser position until it blows up your trading account or voting for Obama a 2nd time! LOL 😉

    Mark

  • Don Frankel

    Tim are you saying it’s not the other guy’s fault? OMG! Don’t tell certain people that.

    As I neared the end of my Civil Service career, I was on a lower level of management but was one of the few mangers who also had Civil Service status, in that I couldn’t be fired without cause. So when something went wrong all the other managers tried desperately to cover their tracks. Now me, I would volunteer that it was my fault. Even if I had nothing to do with it. Oh the things you’ll do just to have a little fun in government service.

  • Don – Mind-boggling! – Tim

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