Back in the years, one of the earlier lessons I learned as a consultant was how to manage our clients’ expectations. Our client projects were mostly related to e-sourcing events with an estimated savings figure in mind. We wanted to ensure our clients a handsome return of investment. Yet there could still be a number of uncontrollable factors that could go either ways. The suppliers could be colluding, the parts for bid could turn out to be obsolete, or our clients’ credibility was not as high as they would believe themselves. The golden rule for all engagement managers therefore is to manage our clients’ expectations on a daily basis until the project finishes.
In short, managing expectations is to minimize the impact of surprises, particularly those unpleasant ones. It requires the ability to think of all the possible scenarios that could go wrong. I have since learned to extend this cardinal rule to my daily life, and so far this rule has not been disappointing me a single bit.
- Investments. I am definitely not one of those daring investors who would bank their entire net worth into a property, stock or a fund. My lowest expectation in buying my apartment is that I can see myself living in it till the day I die. If I can flip it and make a profit some time, it will always be a bonus. Of course I will carefully pick properties with higher appreciation prospects, but expecting any solid return within a specified period of time is not my number one priority.
- Entertainment. I have been around the city long enough to know what to expect from the hundreds of thousands of restaurants, theatres, shopping malls, boutiques and bars. As they all differ by the clientele they serve, level of customer service standard they uphold, and the dollar amount on their price tags, I set vastly different expectations just for that. This way I know exactly what I will be getting. If I am in an adventurous and energetic mood, I don’t mind going for crowded eateries that my bowl will be lifted away as soon as I put down my chopsticks. If I am exhausted after a day’s work, I will go for more comfortable places where I expect pampering service and cuisine, with full expectation that the bill is going to be more pricey. Why some people choose to swap that around always puzzles me.
- Relationships. One of the reasons why many couples get into fights on Valentine’s Day is expectations mis-alignment. Some wish for romantic elements, while some choose to be more practical. Some feel the pressure from their peers and colleagues, and there are a million different expectations of gift choices, dining choices, and what to do afterwards. This aspect perhaps is the least manageable in my opinion, since no matter how prepared and civilized it is with the prior planning and conversations, one always secretly wishes something more.
- Career. This requires no further clarification. Everyone is dispensable, whether we like it or not. Every decision we make or advice we provide comes with both opportunities and risks. If we have not fully contemplated all possible outcomes, we would surely be struck by surprise. Another thing for sure, is to manage your superior’s expectations on yourself. He or she also hates surprises!
I know some may see this is all too conservative and behind the times. Some believe that the society needs constant challenges to the status quo, and they are always ready to make bold objectives and changes. I see nothing wrong with that, since deciding which path to take solely depends on how well you know about yourself. Being honest to yourself and listening to your heart is critical.
There is one thing that I never attempt to manage expectations whatsoever, and that is my Love towards my family and companions. My devoted love and affection is unconditional. Just like what the book Eat, Pray, Love says, love is worth losing balance for.
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