Intuition is a big part of business success for many people.
In a world where we are deluged by information and opinions, how do we make decisions?
Change in the business world is more rapid than ever before and survival requires unique strategies and different processes of decision making. Very often there is no precedent and therefore the rational, analytical approach is of little use.
The answer may be to trust our intuition more.
Intuition is part of our nature and many successful people (even Bill Gates) admit that intuition is a big part of their success.
Einstein and Edison described their creative process as having original ideas that didn’t come from the rational foundation of the mind. Jonas Salk, the inventor of the polio vaccine, says, ‘The intuitive mind tells the logical mind where to look next.’
Studies of Fortune 500 CEO’s found that the top executives relied upon quiet time, moments of prolonged inner reflection, to help them make better decisions. The inner connection allowed them greater access to intuitive problem solving which resulted in clearer thinking and more effective decision making.
What is intuition?
Intuition is a way of using the brain’s power without the constraints of logical thinking. We gather information from a wide range of sources and often get what is called a ‘gut feeling’ but all too often dismiss this because there is no logical explanation.
We are sometimes talked out of using our intuition and into logical decision making because we can’t explain why some things just ‘feel right’ and yet when we look back these feelings are often proved to be right.
In our MasterMind groups I see lots of creativity that is born out of intuition. People come up with great business ideas all the time but what creates real success is the trust in their ideas and the drive to follow them through and bring them to fruition. It is often too easy and too tempting to stick with what we know rather than put a lot of effort into developing something new.
When intuition works:
Here are some examples:
Ray Croc bought the McDonalds franchise in the initial stages of its development for what was an exorbitant price. He couldn’t afford it but said ‘My funny-bone instinct kept urging me on buying franchises.’
Conrad Hilton was bidding on the world’s largest hotel and the amount that apparently popped into his head was only 200 dollars higher than the next bid. He described problem solving as ‘I keep listening in a sort of inside silence until something clicks and I feel a right answer.’
Paul Fireman began the manufacture of Reebok shoes when the aerobic exercise boom was non-existent, using an innovative and extremely risky shoemaking technique.
When Jim Adamson was employed by Gap he discovered on a trip to the Far East what would be the first jeans to be imported into America. He purchased far more than was forecast to sell and the product still sold out in only a month. Asked why he didn’t purchase more he said, ‘I just didn’t know how good my intuition was.’