If you had all the time and money in the world to make your decisions, do you think you could make accurate decisions? Of course. But that’s the problem with, isn’t it? You don’t have all the time or money in the world to make decisions. Research says that when you decide how . . . → Read More: How Leaders Make eXtraordinary Decisions
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Several years ago, my company developed a product called Strategy – an interactive CD-ROM that automated medical marketing. I spent two years and a truckload of money creating and marketing this innovative product. It failed miserably. OUCH! (I’m still convinced it would have been a bestseller… if more people bought it! :-) . . . → Read More: How Leaders Make Great Decisions In a previous blog, I pointed out that a common approach to addressing any issue or problem that arises at work is to ask, what’s the problem? Depending on the complexity of the problem, most of us then go through some problem-solving process to arrive at a solution. We then implement the solution in . . . → Read More: How Leaders Manage the Paradox in Work  6 comments - (Comments are closed)  Commanding embrace ambiguity and paradox, Leading managing paradox, Managing paradox, Problem solving The eight errors of poor decision-making (and problem solving) are all related to the mental blinders leaders wear, especially under pressure. 1. Not knowing what to expect Researchers from Harvard Medical School replicated in a lab the process of screening for weapons at airports. Study participants screened bags for dangerous . . . → Read More: How Leaders Avoid the Eight Errors of Poor Decision-Making in Tough Times Yesterday’s blog identified the seven most common decision-making traps leaders fall into. As promised, this blog discusses each one in more detail. I. Anchoring – Let me ask you two quick questions: Do you think that the population of Malaysia is greater than 100 million? What is your best estimate of the population . . . → Read More: Understanding the Leader’s Seven Decision-Making Traps |
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