Last week, we learned that Tiger Woods is human after all.
And for the rest of us, his situation is an excellent reminder about how to execute great risk management in our professional lives.
Here are four things I think we can learn from Tiger.
1) Quickly Take Responsibility for your Actions
a. Sometimes you make good decisions and sometimes you make bad ones.
b. Either way, it is yours now and you have to deal with it.
2) Choose the Lesser of Two Evils
a. When forced to choose between two bad options, choose the "less bad" option.
b. I know it's hard – but you will live to fight another day.
3) Cut Your Losses
a. For Tiger, the hardest thing to do was that first admission of guilt.
b. For the rest of us, the hardest setback to take is the first one.
c. Once you do that, managing the risk of the situation gets a lot easier.
4) Learn From Your Mistakes
a. Mistakes are part of the game. Tiger is not perfect and neither are you.
b. All that matters is that you learn from your mistakes and move on.
Tiger is going to be a better golfer, a better person, and even a better dad as a result of what he is going through.
And you know what - if you learn from your mistakes, then you'll be better too.
Editor's Note: Dr. Doug Hirschhorn is an influential and highly sought-after
performance coach and executive trainer who appears regularly on CNBC. His new book, 8 Ways to Great, is due out in two weeks. Look for a book review here on CR4.
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