Tuesday, September 23, 2008

Take Control

Do you ever feel as if you have no control of your future? These days, it’s hard not to feel as if things are a little chaotic. Whether you invest in the financial markets or not, the economy is on everyone’s mind, and it has created an aura of fear and uneasiness. You may wonder if your personal goals are possible with such an uncertain economic future. If you are in business, for example, you may wonder whether clients will buy your goods or services. If you work for a non-profit company or charity, you may similarly worry about how the long term economic picture will impact the organization where you work. It’s natural to panic during uncertain times. But rather than feel a sense of panic, it’s vital to take an active, problem solving approach to your life. The more you feel in control, the more likely you will be able to make progress toward your goals.

A study by Dr. Timothy Steenbergh and colleagues at the University of Memphis (Steenbergh, May, Meyers, & Whelan, 2005) suggests that you are better off believing you are in control even when you may not fully be in control. They studied a group of university students who played a computer game of roulette. All participants reported they had gambled recreationally in the past year. Researchers asked participants to describe the strategies they used while playing computerized roulette. About 25% of the participants reported they had no strategy or plan for winning; they just saw outcomes as random and passively accepted outcomes. The remaining participants reported that they had developed a strategy or game plan.

Results of the study suggest that it is better to make plans and take an active, rather than a passive approach. Participants who came up with some sort of strategy, sound or not, believed that their actions had an impact on roulette outcomes. They made more bets than those who didn't have any strategy, and made more money in the end. These findings illustrate how it’s vital to engage in active planning strategies rather than passively thinking, "Why bother, it doesn't matter." By taking an active, problem solving approach, you will feel in control and achieve success.

No comments: