Fix or Forget*

One of the key discussions I have with executives is whether to fix or forget things. Whether it’s an underperforming employee or an ineffective program there is rarely a simple answer, but any analysis contains the same three basic questions.

Worth - What would it be worth if you could fix it?
Cost - What will it cost to make it work?
Likelihood - What is the likelihood it will improve?

Then make a decision and move on.