How good is your value call?

Your ability to appreciate something of value when it presents itself for the first time and then making a definitive decision on it is what I define as 'value call'. There are two parts here - one is the ability to recognize the value and the second is to act on it.

Presuming that you do have a need for a product or service, this can go three ways :

- You immediately recognize the value of what's in front of you as it ticks all your boxes, you don't care that it's the first one you have seen and go ahead and secure it. (Value Call)

- While you do appreciate the value of what you see, you are not comfortable making a purchase or decision until you look around for other options to validate this choice.

- You are unable to determine the value and so would like to wait and follow a standard procurement process before you make up your mind.

The benefits of getting most of it right in a short time far outweigh the time lost trying to get everything right. In an ever changing dynamic world we live in, you are unlikely to get everything right, and so the value of time is exponential.

How does one be good at value call? Some are simply gifted. But it is usually experience that helps one get better at value calls. A CEO has the most to lose by not making value calls. The gap in most organizations is not passing down the benefit of this, and therefore most focus on getting everything absolutely right, losing valuable time in the process.

I don't see why this can't extend to our personal lives- value calls are not just about making strategic business moves, it is really an attitude of life. You will allow yourself to live in the moment before time runs by.

For more posts, see www.karma-and.co/blog