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Nicholas J.

@nicij783

Outperforming the crowd

If you want to outperform the crowd, learn the following two essential skills.

Generate ideas by broadening your decision frame.
You must be able to distinguish between good and bad loner strategies. It is best done by embracing critical thinking.

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IDEA EXTRACTED FROM:

How the Very Best Strategists Decide

hbr.org

TOPICS IN THIS IDEA

Problem Solving

Leadership

Risk: Seeing around the corners

The financial crisis has reminded us of the valuable lesson that risks gone bad in one part of the economy can set off chain reactions in areas that may seem completely unrelated. In fact, risk managers and other executives fail to anticipate the effects, both negative and positive, of events that occur routinely throughout the business cycle.

mckinsey.com

Considering risk

It is not always possible to anticipate the effects of unexpected events that occur throughout the business cycle.

But those who routinely examine the way risks propagate across the entir...

Risk along the value chain

Most companies only examine the most direct risks facing a company and tend to neglect secondary risks that can have an even greater impact.

Companies need to learn to evaluate aftereffects that could weaken whole value chains.

Competitors

All differences in business models can create the potential for competitive risk exposure. This does not mean that a company should imitate its competitors, but that it should consider the risk when they have different strategies.

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Graham A.

@gra_maa136

Must-Read! The 8 Factors that Influence Decision Making

Making decisions is something we do every day, so I wanted to find out more about how this process works and what affects the choices we make. It turns out, there are some really interesting ways our decisions are affected that I never would have guessed.

open.buffer.com

Default options

Deciding is too much effort so we’re likely to just stick with the default or safer option if it’s already been chosen for us.

When we get offered too many choices, the same...

Best decision making happens in the morning

This is when serotonin is at it’s natural high, which helps to calm our brain. Thus, we feel less risk averse and so we can face risks and make harder choices.

The part our bodies play in decision-making

If we’re feeling hunger, thirst or sexual desire, that can actually spill over into the decision areas of our brains, making us feel more desire for big rewards when we make choices.

This can lead us to make higher-risk choices and to want for more.

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Angel

@ang301

The best time management strategies for scheduling your day, week, or life

What's the best time management strategy out there? Unfortunately, anyone who tells you they have the answer to that question is lying. The truth is there's no single time management system that works for every single person. They all have their strengths and weaknesses and their results will vary depending on your circumstances, goals, and personality.

blog.rescuetime.com

By the hour

This works well for the chronic procrastinator: those who say they will do it later and then wonder why it never gets done.

Instead of getting overwhelmed, tackle your to-do l...

The Pomodoro Method

Rather than trying to work flat-out, break down your day into a series of work-sprints with a short rest period after each session.

Set a timer for 25 min and focus exclusively on your work for that time, take a 5 min break, and repeat.

Some people find that taking a 5 min break destroys their flow. But it does help to break long complex tasks into a series on manageable sprints.

The 2-minute rule

The 2-minute rule is a strategy for quickly assessing and taking action on small tasks so they don’t take up too much mental energy.

Ask yourself if a task is going to take you 2 minutes or less. If so, just do it.

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