Know When to Back Down From a Challenge

3 Things to Assess Before
You Back Down

Leaders who take on huge challenges and win are lauded. But recognizing when a challenge is too daunting or risky is equally heroic. Here are three ways to evaluate whether you should step up or back down:
1. Assess the odds. You need to know what you are up against and be realistic about your chances of success. Weigh the costs against the benefits (recognizing that failure has benefits too). Don't undercount the costs.
2. Know your team. Even the best people have limits to their capabilities. Ask yourself whether your team truly has the skills to overcome the challenge.
3. Know yourself. This takes a huge dose of confidence. Be honest with yourself if you're facing something beyond your abilities.




Today's Management Tip was adapted from "Know When to Back Down From a Challenge" by John Baldoni.