What Matters More in Decisions: Analysis or Process?
When it comes to decisions, organizations rely on gathering data and analyzing the decision. People believe that analysis reduces biases, but most business decisions made this way turned out to be poor decisions.
Research shows that good analysis from managers who have good judgment won't necessarily produce good decisions.
SIMILAR ARTICLES & IDEAS:
The spiral of silence is a human communication theory developed by Elisabeth Noelle-Neumann in the 1960s.
The theory explains how societies form shared opinions an how we make deci...
According to the theory of the spiral of silence, our desire to fit in with others means we will speak up if we think our opinion will be popular, or avoid expressing an opinion if it is unpopular.
The feedback loop means each time someone voices a popular opinion, the positive feedback from the group reinforces the feeling that it is safe to do so. Conversely, receiving a negative response for a divergent opinion will strengthen the view that they should avoid expressing it.
Understanding probability will help you get a more correct picture of the world and help you make better decisions.
Most of us fall prey to the same handful of issues beca...
When two event are interconnected, the former happening increases or decreases the probability of the latter happening.
In Naked Statistics, Charles Wheelan explains: “A different kind of mistake occurs when events that are independent are not treated as such . . . If you flip a fair coin 1,000,000 times and get 1,000,000 heads in a row, the probability of getting heads on the next flip is still 1/2. The very definition of statistical independence between two events is that the outcome of one has no effect on the outcome of another.”
Career changes are some of the biggest shifts we will make. They often involve some retraining and will impact your personal life.
When you manage the situation through the lens of a few me...
Change will never be right unless it aligns with what you want to get out of life.
Do you know where you want to go? There's no point just moving at speed without knowing where you want to go. When you articulate your desired direction, you give yourself a clear purpose in your career.
Once you know where you want to be, work backwards to where you are now. Carefully consider all the steps in-between in reverse order.
Once you identify your requirements, you can use that list to evaluate opportunities.