Decision Making in a World Full of Noise

Today, more than ever, executives have the tools at their fingertips to make informed decisions based on rational data. Further, leaders are more aware of cognitive biases that interfere with good decisions. Yet, the very data that gives us knowledge threatens to overwhelm and business organizations have become more complex and hierarchical—a case of too many cooks in the kitchen. Continue reading

Dial Up Your Decision-Making Skills

decision makingWe all make a series of decisions every day, some of passing importance—‘Should I really order an extra shot of espresso in this morning’s latte?’—and others of much greater significance: ‘Do I go for my MBA right after graduating or get a few years’ of work experience under my belt first?’ Those in leadership positions are called upon to make a series of decisions each day, and according to a recent Harvard Business Review article, their success oftentimes turns on being able to do so in a way that is “fast and roughly right” rather than “precise and slow.”

Sounds good in theory, but what does it mean in practical terms? Embracing a flexible framework of ‘Know-Think-Do’, counsels Nick Tasler, author of the forthcoming book Why Quitters Win: Decide to be Excellent. Doing so will allow you to make good decisions faster, says Tasler, and move on down the road. Continue reading