5 Management Decision Making Lessons from a Long Shot. A Heartening Belmont Victory
Like many, I watched the 134th Belmont Stakes hoping to see the first Triple Crown in 24 years. Instead, I saw the 70-1 long shot, Sarava, appear from nowhere to win. We should take heart from this unlikely victory. As small business owners, managers, and entrepreneurs, the "big shots" often see us as long shots -- worth a cursory notice, but rarely more.
As I listened to trainer Ken McPeek and jockey Edgar Prado after the race, I realized their win was not a fluke. Victory was the result of several intelligent, small business management and decision making. Apply these same actions consistently, and you can win your own "Belmont Stakes:"
Learn from your mistakes.
Just before the Belmont, Ken McPeek was fired ass Harlan`s Holiday`s trainer (the "better" horse). Instead of becoming bitter, McPeek learned a management lesson from the experience. He analyzed his past actions and took steps to improve. As a result, he brought Sarava in days early so the horse could get a feel for the track. After the race, it was noted that all three of the top Belmont finishers had trained on the track days before the race.
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