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Trust your own judgment

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Judgment, writes Schumpeter, the business columnist for The Economist, “is too often missing from leadership studies.” The reason is that it is a topic too hard to quantify with metrics but as the Schumpeter column notes, “[J]udgment is what matters most.”

The problem is that too much reliance on the facts can lead one up a blind alley, especially when the assumptions that generate the facts are faulty. As Colin Powell once noted, “Experts often possess more data than judgment.”

Judgment is critical for success so managers need to trust their instincts as well as well as the facts they evaluate.