FOLLOW A responsible decision
A decision is responsible when you have to answer for it to those who are directly or indirectly affected by it.
Today, responsibility is diffused to a group, not an individual. Everyone is insulated from their mistakes and takes credit for success.
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FOLLOW Principles for Making Better Life Decisions
It will be perfect. Because not only will the hall itself be a bad decision, but anyone who ever attempts to visit it will clearly be making a bad decision as well. Inside the hall, we will have exhibits for all of the worst decisions ever made.
Our emotions are short-term biased
Our emotions are obsessed with the present moment because it’s difficult to look past our immediate fears and anxieties. And this prevents good decision-making.
The sweet spot in de... “Risky” behavior you should consider Propose “moonshot” ideas, knowing that 90% of them will get shot down, but that if one of them gets accepted, it will be a huge boost to your career. Be excessively bold in your dating life, stating exactly who and what you want. Buy difficult books expecting that most of them won’t be useful to you, but also that, occasionally, one will completely change your life. Say yes to every invitation knowing that most of the events/people will be boring, but that occasionally you’ll meet someone really interesting. Optimizing life for fewer regrets
Most of us are afraid of messing thing up. But we rarely ask, “
Would I regret that failure?” If the answer is “no,” then that is absolutely a risk you should pursue.
Sometimes, the right decision becomes crystal clear when put into these terms.
FOLLOW Untangling your organization's decision making
It's the best and worst of times for decision makers. Swelling stockpiles of data, advanced analytics, and intelligent algorithms are providing organizations with powerful new inputs and methods for making all manner of decisions. Corporate leaders also are much more aware today than they were 20 years ago of the cognitive biases-anchoring, loss aversion, confirmation bias, and many more-that undermine decision making without our knowing it.
The ABCDs of categorizing decisions Big-bet decisions: infrequent and high-risk - from major acquisitions to game-changing capital investments; Cross-cutting decisions: frequent and high-risk - think pricin... Approaching big bet decisions Appoint an executive sponsor to work with a project lead to frame important decisions for senior leaders to weigh in on; Break things down (with decision meetings at each stage), and connect them up. Focuses on debating the solution (instead of endlessly elaborating the problem) and gather the right people. Move faster without losing commitment: get comfortable living with imperfect data and being clear about what “good enough” looks like. Approaching cross-cutting decisions Identify decisions that involve a cross-cutting group of leaders, and work with the stakeholders of each to agree on what the main steps in the process entail. Work through a set of real-life scenarios to pressure-test the system in collaboration with the people who will be running the process. Limit the number of decision-making bodies, and clarify for each its mandate, standing membership, roles etc. Create shared objectives, metrics, and collaboration targets. FOLLOW Deepstash is better on the app. Discover new ideas and get inspired daily. GET THE APP SIGN IN