Are Good Decisions Always Fair? - by Ravi Patel

 

Leadership is about making optimal decisions for the company as a whole, not only for certain segments of stakeholders. As they say, "you cannot please all the people, all the time."

 

Entrepreneurs like to be loyal to people, especially those who helped them start the business and were early employees. However, as the company grows, Entrepreneurs have to make decisions that might be tough, unfair to some, and unpopular.

 

Good decisions involve doing the right things even it means that some people might be adversely affected by such actions. Fairness is a great moral value, but sometimes business decisions cannot be optimal if everyone's interest is taken into account. Entrepreneurs, on the other hand, should not in any way go out of their way to make decisions that purposely hurt certain people. That would be grossly unfair.

 

While difficult, make optimal decisions for your business that are ethical even if they might cause hardship for some people.

 

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