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June 23, 2005
Cultivate Your Business
Intuition for Professional Success
Seattle, WA, USA--(Jobwerx News)--Develop your business intuition,
begin by keeping a journal and use it to capture your ideas, observations
and perceptions.
Trust Your Instincts
Think back over your career. How many times have you had a strong feeling
(positive or negative) about a job, a co-worker, a potential business
deal? How often were your instincts correct? We all have flashes of
intuition, but many of us ignore or distrust them as irrational and
useless distractions. We may need to reconsider.
I've just finished reading Malcolm
Gladwell's new book Blink about the power of first impressions.
It opens with the story of an ancient Greek statue that the Getty Museum
was considering purchasing. The asking price was just under $10 million.
The Getty did all the normal background checks to establish authenticity.
A geologist determined that the marble came from the ancient Cape Vathy
quarry. It was covered with a thin layer of calcite, a substance that
accumulates on statues over hundreds or perhaps thousands of years.
After 14 months of investigation, the Getty staff concluded the thing
was genuine, and went ahead with the purchase.
But an art historian named Federico Zeri was taken to see the statue,
and in an instant he decided it was fake. Another art historian took
a glimpse and sensed that while the form was correct, the work somehow
lacked spirit. A third expert felt a wave of "intuitive repulsion" when
he first laid eyes on it.
Further investigations were made, and finally it was discovered that
the statue had been sculpted by forgers in Rome. The teams of analysts
who did the 14 months of research turned out to be wrong. The historians
who relied on their initial hunches were right.
I especially like this story because it aligns so strongly with my research
in organizational creativity. Whether they call it a hunch, a gut feeling
or a flash of insight, thousands of successful managers and executives
make business decisions using their intuition. Andrew Carnegie, John
D. Rockefeller and Conrad Hilton are famous examples of executives who
relied heavily on intuitive business decisions. A story about Conrad
Hilton highlights the value of what was referred to as "one of Connie's
hunches." There was to be a sealed bid on a New York property. Hilton
evaluated its worth at $159,000 and prepared a bid in that amount. He
slept that night and upon awakening, the figure $174,000 stood out in
his mind. He changed the bid and submitted the higher figure. It won.
The next highest bid was $173,000. He subsequently sold the property
for several million dollars.
Intuition Leads to Business Success
At the New Jersey Institute of Technology, Douglas Dean studied the
relationship between intuition and business success. He found that 80%
of executives whose companies' profits had more than doubled in the
past five years had above average precognitive powers. Management professor
Weston Agor of the University of Texas in El Paso found that of the
2,000 managers he tested, higher-level managers had the top scores in
intuition. Most of these executives first digested all the relevant
information and data available, but when the data were conflicting or
incomplete, they relied on intuitive approaches to come to a conclusion.
Computer whiz Allan Huang had puzzled for months over a recurring dream
in which two opposing armies of sorcerers' apprentices carried pails
filled with data. Most nights, the two armies marched toward each other
but stopped just short of confrontation. Other times they collided,
tying themselves into a big red knot. Then one night, something different
happened—the armies marched right into each other, but with no collision.
Instead, they passed harmlessly through each other like light passing
through light.
Huang had been wrestling for years with the challenge of creating an
optical computer. Such a computer would transmit data by means of tiny
laser beams passing through prisms, mirrors and fiber-optic threads.
But until the dream opened Huang's eyes to the solution, all the designs
he could think of were too cumbersome to build.
Then Huang understood: just like the opposing armies in his dream, laser
beams could pass through one another unchanged. It wasn't necessary
to give each laser its own discrete pathway. With this new insight,
Huang went on to create the first working optical computer.
As the rate of change and volume of information accelerates analysis
alone is often too slow a process to be effective. Many times it is
the hunch that defies logic, the gut feeling or flash of subconscious
insight that brings the best solution. Those professionals who are both
highly cognitive and highly intuitive have a distinct advantage in meeting
challenges and solving problems.
Develop Your Intuitive Powers
To develop your business intuition, begin by keeping a journal. Use
it to capture your ideas, observations and perceptions. Write down your
dreams, feelings and hunches. If you are going into a business meeting
with people you haven't met, guess how they'll look and how they'll
approach the business they plan to conduct. Record flashes of insight
and keep a record of decisions you make on that basis. Check back occasionally
to see which of your hunches were correct. By keeping score you will
be able to evaluate (and increase) your accuracy.
In all of our brains, there is a powerful subconscious that works to
sift huge amounts of information, blend data, isolate telling details,
and come to astonishingly rapid conclusions. Our job is to better understand
that process so we can nurture it, trust it and use it!
To learn more, consider these AMA programs:
Study Courses and Certification --
. Certificate
In Success Skills In The Workplace
. How
to Manage Your Priorities
. Managing
and Achieving Organizational Goals
. Certificate
In Strategic Leadership
Leadership --
. Gaining
Competitive Advantage with Shared Leadership Teams
. First
Level Leadership: Supervising in the New Organization
. Leadership
Skills for Managers, Third Edition
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