applied know how
When it comes to making important decisions, many of us tend to get bogged down by the weight of the potential outcomes. We analyze, overthink, and agonize to the point where we either don’t make a decision at all, or we make a half-hearted one that leaves us feeling unsatisfied.
This is where the two-way-door rule comes in – a simple yet powerful approach to decision-making that cuts through the emotional clutter and builds a bias towards action.… Read more
When it comes to decision-making, not all voices are equal, and giving everyone an equal say can lead to unequal consequences.
Let me share a story … I had a colleague who was notorious for being against every major risky decision in our organisation. At board meetings he would ensure his negative opinion was duely recorded, and recalled his negative views should a decision fail for what ever reason… but no one ever raised his nay-saying for all the projects that were successful.… Read more
I’m delighting in thinking about the background as to how intelligent people make stupid mistakes.
Yes, I have another course to develop content for… this time strategic thinking and in particular UN-strategic thinking of Brexit, of Nokia and of Boeing 737Max amongst others. All were avoidable disasters that weren’t avoided: why?
In reviewing the most spectacular failures three key factors result in the kind of expensive, embarrassing, late-stage collapse that is the hallmark of a these cases.… Read more
Today’s post isn’t about George W Bush, but he did say in 2006 he was the decider, my perspective is, if he had used these mental tools his decisions would have been much much better, but you be the judge.
I recently came across Charlie Munger’s 1995 speech, The Psychology of Human Misjudgment, which introduced me to an explanation of what I’d been doing all my business life – using the power of applying mental tools from a wide array of disciplines and applying these to the business questions I had.… Read more
President Obama always wears the same thing. Which is part of his secret to getting so much done he significantly reduces the number of decisions he forces himself to make .
“You’ll see I wear only gray or blue suits,” [Obama] said. “I’m trying to pare down decisions. I don’t want to make decisions about what I’m eating or wearing. Because I have too many other decisions to make.”… Read more