Inspired Snips's Key Ideas from Decisive
by Chip Heath, Dan Heath
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Consider Opportunity Costs
- Consider the "opportunity cost" of a decision by evaluating what will be given up by choosing a particular option.
- It is not just about monetary costs but also includes time and other resources.
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Multi-Track for Better Solutions
- We tend to oversimplify decisions into binary options.
- Explore multiple options simultaneously, leading to higher-quality work by allowing for a broader exploration of possibilities and reducing attachment to any single option.
- Enhanced Creativity: Exploring different paths can spark creative solutions.
- Risk Mitigation: If one track fails, others might still succeed.
- However, be wary of choice overload, as having too many options can paralyze decision-making.
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Leverage Existing Solutions
- Explore solutions others have found for similar problems to gain insights and ideas.
- Look into different disciplines to discover solutions that may not be obvious initially.
- Gain external perspective by asking indicative questions to understand how others in similar situations have navigated challenges.
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Look out for Biases in your Decision-Making
- Consider allowing someone else to play devil's advocate to challenge your choices.
- Encourage disagreement by building a case against your decision to analyze logical constraints.
- Take an observer perspective by stepping outside of your immediate viewpoint to analyze the situation as an impartial outsider.
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Conduct Small Experiments
- Utilize "ooching" by testing ideas on a small scale before committing fully.
- For instance, tech startups release beta versions of their apps to a select group of users to identify bugs and collect feedback.
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Consider Future Consequences
- Many of our choices are hijacked by what we believe is important in the moment that we’re faced with them.
- Shift focus to long-term consequences by imagining outcomes from a future perspective.
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Embrace Uncertainty in Decision Outcomes
- Consider a range of possible outcomes each with an associated probability of success.
- Pre-mortems: Imagine that your decision has already failed and work backward to identify what could have caused the failure. Use this information to adjust probabilities and mitigate overconfidence.
- Add margins of safety to timelines to account for uncertainties. Allocate additional resources where uncertainties are high.
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Implement Decision-Making Triggers by Establishing Tripwires
- When we do a certain thing every day we often don’t notice the gradual changes that, over time, can amount to a drastic situation.
- Tripwires are predefined conditions or thresholds that, when met, prompt a specific action or decision - such as setting budget limits or deadlines.
- This approach enables responding proactively rather than reactively - by creating signals to interrupt autopilot behaviour and prompt corrective actions.
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Summary: WRAP Process
- Widen Your Options: multi-tracking, learning from others
- Reality-Test Your Assumptions: seek disconfirming evidence, conduct small experiments
- Attain Distance Before Deciding: 10/10/10 rule, seek outsider perspective
- Prepare to Be Wrong: conduct premortems, set tripwires and make contingency plans
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IDEAS CURATED BY
CURATOR'S NOTE
How to make better choices in life and work.
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