Ralph Waldo Emerson famously said, “A foolish consistency is the hobgoblin of little minds.” From his vantage point in the nineteenth century, he was expressing frustration with the typical leader who feels the need to stick with an opinion that has outlived its usefulness. The modern world also seems to punish leaders who change their perspective, branding them flip-floppers.

In a dynamic world, though, opinions, beliefs, and plans should change as new information becomes available. There are several things leaders can do to change their minds without seeming capricious.

1. Avoid committing too early

One reason leaders have to change their minds publicly is that they often assume leading means setting a clear priority and position on every breaking issue.…