Embracing Critical Thinking - Deepstash
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Embracing Critical Thinking

Strategy development and internal reviews often center on precedents, trends, and due diligence. They address"what will happen."  Change the question to "what may happen" :

  • Role-play other parties.
  • Listen to assumptions in the way a strategy is supposed to work.
  • Watch out for confirmation bias, overconfidence, survivor bias, and groupthink.
  • Forecast your competitors' results.
  • Beware of missing pieces in the tools you use.

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MORE IDEAS ON THIS

Broadening the Frame

When we need to make a decision, we tend to ask "What should we do?" However, it narrows our thinking to one right decision.

If we ask the question: "What could we do?"  it broadens our decision-making frame, because we can consider multiple futures. Could ask what if, what el...

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Outperforming the crowd

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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Two strategies

Two strategies

When it comes to setting strategy, there are benefits to both popular and loner strategies.

  • Popular strategies are those that are identified by the crowds. The more people that choose a strategy, the better the strategy performs.
  • Loner strategies are those that ar...

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nicij

The first step in the acquisition of wisdom is silence, the second listening, the third memory, the fourth practice, the fifth teaching others.

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