-
Join 402 other subscribers
Blogs by Topic
Tweets
Tag Archives: Decision Making
Let’s Be Scientific
As leaders, we are required to constantly evaluate evidence and make decisions. In doing so, we often succumb to “winging it” and making decisions on the fly, trusting our gut. While this might work for some decisions, it does not … Continue reading
Hold Opinions Lightly (While Holding Convictions Tightly)
“When the facts change, I change my mind. What do you do, sir?” John Maynard Keynes In a leadership position, we need to hold our opinions lightly. We need to be able to change our opinion or viewpoint when new … Continue reading
Posted in Business Acumen, Communication, Personal Success
Tagged Confirmation Bias, Decision Making
Leave a comment
Four Ways to Overcome Confirmation Bias
The biggest decision-making bias for all of us is the confirmation bias. Wikipedia explains it well: Confirmation bias is the tendency to search for, interpret, favor, and recall information in a way that confirms or supports one’s prior beliefs or … Continue reading
Posted in Business Acumen, Leadership, Personal Success
Tagged Confirmation Bias, Decision Making
Leave a comment
Use the ‘Base Rate’ for Better Decisions
The IT project took twice as long as planned. The construction project to expand the plant went over budget. Why does this always happen? Too many decisions are made with too much self-confidence and too much optimism. As a result, … Continue reading
Posted in Improve / Turnaround, Leadership, Personal Success
Tagged Base Rate, Decision Making, Richard Thaler
Leave a comment
11 Keys to Better Decision-Making
Successful leaders make good decisions… consistently. Good decision-making is dependent on a number of factors: understanding, experience, intelligence, foresight, and just plain luck. There is no guide that will tell you how to make the perfect decision. But, there are … Continue reading
Decisiveness
“In a minute, there is time for decisions and revisions which a minute will reverse.” This line from the 1915 T.S. Elliot poem, The Love Song of J. Alfred Prufrock, is a lovely bit of poetry. It is also a … Continue reading
Posted in Communication, Leadership, Perform / Execution
Tagged Consistent Execution, Decision Making, Decisiveness, Focus, Productivity, Vision
1 Comment
Getting It Done: Achieving Twice as Much in Half the Time
Posted in Perform / Execution, Personal Success, Team / People
Tagged Business Transformation, Competitive Advantage, Consistent Execution, Decision Making, Employee Engagement, Focus, Leadership Success, Make It Happen, Pareto 80 - 20, Personal Productivity, Prioritization, Simplicity
Leave a comment
Critical Thinking Skills
I just finished listening to a Great Courses series entitled Your Deceptive Mind: A Scientific Guide to Critical Thinking Skills by Professor Steven Novella. This excellent course offers insight and reminders invaluable to all business leaders trying to think critically … Continue reading
Posted in Leadership, Personal Success, Team / People
Tagged Critical Thinking, Decision Making, Personal Success
Leave a comment
Lead With Questions
As leaders, we often have an employee come to us with an issue or problem. As “make it happen” managers, we then focus on getting the problem solved and getting it done as quickly as possible. Thus, we take charge, … Continue reading
Foster Fresh Perspectives
As leaders, we can often get stuck in ruts, talking to the same people every day and thinking the same way as everyone else. To breakthrough and come up with new and innovative ideas and approaches to problems and issues, … Continue reading
The McKinsey Way – A Strong Primer on Problem Solving
Way back in 1999, Ethan M. Rasiel (full disclosure: a business school colleague of mine) penned The McKinsey Way: Using the Techniques of the World’s Top Strategic Consultants to Help You and Your Business. In the book, Rasiel reveals the … Continue reading
8 (Almost) Fundamentals of Problem Solving
As business leaders we are bombarded with challenges that need to be addressed, situations that need to be improved, and problems that need to be solved. Of course, each challenge, situation or problem is different. Nevertheless, there are some fundamentals … Continue reading
Embrace the “Antithesis” for Better Decisions
As business leaders, our organizations depend on us to make the best decisions for the success of our businesses. The challenge, of course, is that most of these decisions need to be made without complete information and with conflicting facts … Continue reading
Posted in Leadership, Personal Success
Tagged Antithesis, Business Leadership, Decision Making, Devil's Advocate, Problem Solving
1 Comment
David M. Shedd - Move Your Company Forward 