Tag: Decision Making
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The 4 Methods of Decision Making
I have a lasting interest in how people make good decisions, especially when many people are involved, and many people are affected by the decisions. Currently reading the book “Crucial Conversations“. Towards the end of the book, there is a section on moving from a dialogue towards concrete actions. The authors say that there are […]
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How to Take Better Business Decisions: 50 Great Questions for Critical Thinking
A leader should be interested in developing 2 competencies in the people within their organisation: Good Decision Making (to take good choices about how to use the resources of the organisation to achieve strategic plans) Influencing Skills (because if they cannot influence their peers, people will have to involve you every time…) If your team […]
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Decision Fatigue for Leaders
The more choices you make throughout the day, the harder each one becomes for your brain. As it tires, your brain looks for shortcuts. The 2 most common decision avoidance tactics are: to act impulsively (without seeing the consequences of the decision) to procrastinate (do nothing) Taking decisions takes willpower. Willpower is a form of […]
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What Slows Down your Decision Making?
Over on the Inc blog there is an article titled 20 Executives Share Lessons They Wish They Could Have Told Their Younger Selves. I share my top 4 from the full list, in the order that I think they are important. The most relevant for me was number 9, not for the “decide issues quickly” but […]
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Agonizing over Decisions
The human condition: to be aware that we are free to take decisions and that these decisions can turn out to be poor choices. It is normal to suffer and regret decisions. Nobody has an anxiety-free life: not even in the movies, not even in romantic songs. Alain de Botton shares a wise insight into existential crises […]
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Charlie Munger’s Inverse Thinking Process
I was watching a few Charlie Munger speeches recently – Warren Buffett’s partner in leading Berkshire Hathaway. Charlie talks a lot about “Inverse Thinking”… The Inverse Thinking Process What is Inverse Thinking? Charlie says it is helpful to turn a question on its head. If you want to know what would improve the situation of […]
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Avoiding Stupidity is Easier than Seeking Brilliance
I remember a question that was asked to Warren Buffett. “What tips would you give to someone who wished to make money?” He suggested that there were no simple tips, but then finished by saying “the best way to make money is to stop losing money.” When you begin in improving your decision making, rather […]