Jack Welch was quoted in Fortune magazine saying that when he was CEO of General Electric, one of his major priorities was to allocate capital.
Senior leaders have a cadre of talented and highly trained executives who have great ideas about how to spend those resources.
In this video, I suggest three questions every senior executive must ask his or her team before making a major investment.
Ultimately spending money on worthwhile projects is a good thing. It means your business is growing. But you must, as you know, invest wisely. Trust your people, and trust your instincts more.