pub business plan

The paradox of choice

The paradox of choice

In “The paradox of Choice” Barry Schwartz argues that whilst choice represents freedom and autonomy and is essential to human wellbeing (we all love to believe that having a choice is essential to us) having too much creates huge anxiety to our customers.

What Schwartz is suggesting is that to feel happy we as humans measure our success against the outcome of our goals therefore every decision we make is measured against the actual outcome compared to the perception of the possible other outcomes…the grass is always greener.

So, when we make choices we worry that it is the ‘wrong’ one and that our choice was a mistake, happiness was with the ‘right’ choice.

Now for big decisions, we can see that this a valuable process but, when we do it for seemingly small decisions, then we are placing ourselves into a nearly impossible situation.

“This is a really simple business...

“This is a really simple business...

“This is a really simple business … it’s when we complicate it we really mess up”

Roberto Goizueta, Coca-Cola CEO 1980 – 97.

It is a true statement, perhaps for all business, but particularly in hospitality where it is all too easy to get overwhelmed by the details and complexity.

Did you know that the cure for a broken ankle is to walk on it?

Did you know that the cure for a broken ankle is to walk on it?

Treatment for my broken ankle didn’t involve crutches or plaster

Modern science and ideas are always ‘evolving’ and changing.

I am still marveling at how wrong I was.

And what has this got to do with pubs, bars, and restaurants you ask?

Obviously technology and how it can be used has changed but I think more interestingly, our understanding of each other and human behavior has changed.

Moreover, culturally our customers have changed and are continuing to do so.

Things change, people change, cultures change and so ‘that’s the way we have always done it’ should also change.

Moving with the times and watching how the world around you changes can be a bit scary but it can also be exciting to see how we ‘evolve’ and get better all the time.

We have just got to remember that this applies to our businesses also.