Posts Tagged ‘decision making steps’
Are You Missing Vital Information Due to the MUM Effect? (Video and Podcast)
Company cultures and top leaders may unconsciously penalize subordinates who bring them bad news. This dangerous judgment error is called the MUM effect and it creates an atmosphere of secrecy that leads successful companies to stagnate and deteriorate. That’s the key take-away message of this episode of the Wise Decision Maker Show, which describes the danger of missing vital information due to the MUM Effect.
Read MoreHow Your Household Can Survive and Thrive During This Pandemic
You can survive and thrive in the new abnormal of the pandemic by identifying and addressing fundamental needs of your household: safety, connection, and self-esteem.
Read MoreThe One Huge Mistake Everybody Makes in COVID-19 Coronavirus Pandemic Preparation
Official guidelines for COVID-19 coronavirus pandemic preparation assume a wildly optimistic scenario due to dangerous judgment errors known as cognitive biases. You need to instead prepare for a realistic pessimistic scenario.
Read MoreThis Valentine’s Day, Men and Women Should Make Different Buying Decisions
When it comes to shopping, men tend to take more risks, while women prefer to take their time to get the best possible deal. Both genders are prone to mistakes. However, you can train your mind to make the wisest shopping decisions this Valentine’s Day.
Read MoreDecision Congruence for Making Better Decisions
To make changes, the rewards must be a 2 or more or you might as well consider other potentials. On the negative side if the potential downsides are nearly a 4 or more then you may want to forget about taking such a risk.
Read MoreWhy Your Negotiations Are Doomed (And How to Rescue Them)
We intuitively overestimate how well others read us and how well we read others in negotiations, a dangerous judgment error called illusion of transparency. This mental blindspot leads to disastrous results in negotiations and other important communications.
Read MoreYour SWOT Analysis is Broken (Here’s How You Can Fix It)
Cognitive biases lead to typical business strategic analyses such as SWOT giving a false sense of comfort and security. The result? Appalling oversights that ruin profitable businesses and bring down high-flying careers.
Read MoreAre You Falling for the Myth of “Failing to Plan is Planning to Fail”?
Because we usually feel that everything is going to go according to plan, we don’t pay nearly enough attention to potential problems and fail to account for them in our plans. This problem stems from a dangerous judgment error called planning fallacy.
Read More8 Key Steps to Effective Leadership Decision Making to Avoid Disasters (Videocast and Podcast of the “Wise Decision Maker Show”)
Avoiding Disastrous Decisions involves:
1) Deciding the decision criteria
2) Weighing importance of criteria
3) Grading your options using the criteria
4) Checking with your head and gut
5) Sticking to your choice
8 Key Leadership Decision-Making Process Steps to Making the Best Decisions (Videocast and Podcast of the “Wise Decision Maker Show”)
In order to make the best decisions, follow these decision-making process steps:
1) Identify need for decision
2) Get relevant info
3) Decide goals
4) Develop criteria
5) Generate a few viable options
6) Weigh options
7) Implement decision
8) Revise implementation and decision as needed