A good leader listens to their team before deciding.
This sounds right. It feels democratic, and it mirrors what we want to believe about how humans should treat each other at work.
But the moment a leader stops mid-crisis to genuinely listen to the room, they have already made a decision. They have decided that consensus matters more than speed. That the aggregated uncertainty of ten people contains better information than the singular conviction of the person with asymmetric knowledge about the market, the competitor, the regulatory filing that nobody else has seen yet.
Synchrony Financial made subprime auto loans its core business in the years after 2008. And that business eventually seized up. The company lost billions. The listening happened after, by which time the decision had been made years prior, probably in a room where someone with full information had to fight consensus to move forward. The executive who understood the interest-rate environment better than anyone else had to choose between being heard and being liked.
A leader who listens during a crisis is not making the decision slower. They are making it democratically.
”A leader who listens during a crisis is not making the decision slower. They are making it democratically. And democratic decisions, made under pressure, almost always retreat to what the group already believes. The group believes what is comfortable, what requires the least change, what nobody in the room has to defend later if it fails. Socrates drank the hemlock because he refused to stop talking the way he talked, even when the Athenian assembly had already decided. The leader who listens after has already moved.