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Principles
How to Make Decisions Effectively
- Know and understand the biggest threat to good decision making - harmful emotions
- Decision making is a two-step process: first learning, then deciding
- Synthesize the situation you're dealing with
- Make your decisions as expected value calculations
- Prioritize by weighing the value of additional information against the cost of not deciding
- Use Principles and convert them into algorithms and have the computer make decisions alongside you.
221 SAVES
SIMILAR ARTICLES & IDEAS:
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Key Ideas
Goals and directors of a meeting
Every meeting should be aimed at achieving someone’s goals; that person ...
Align objectives with appropriate types of communication
If your goal is to have people with different opinions work through their differences (i.e., open-minded debate), you’ll run your meeting differently than if its goal is to educate.
Asertiveness and open-mindedness
It is up to the meeting leader to balance conflicting perspectives, push through impasses and decide how to spend time wisely.
If you’re running the conversation, you should be weighing the potential cost in the time that it takes to explore opinions of inexperienced employees versus the potential gain in being able to assess their thinking and gain a better understanding of what they’re like.
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Key Ideas
Stress + Rest = Growth
You need to push to the outer limits of your current ability, and then follow that hard work with appropriate recovery time.
This is how you grow your mind and get better at any skill....
Focus on the Process
The best athletes and entrepreneurs aren’t focused on being the best; they’re focused on constant self-improvement.
Concentrating on the process is best for both performance and mental health. It lifts off your shoulders a huge burden, so you can concentrate on the things you can control.
Stay Humble
Knowledge is always evolving and advancing — if you want to evolve and advance with it, you need to keep an open mind.
And to keep an open mind, leave your ego at the door.
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Key Ideas
Getting Negative Feedback
... is not the best thing to happen at work. It normally leads to a racing mind, emotional discomfort and increased blood pressure.
We may try to defend ourselves, or brush aside the feedba...
It’s Not Personal
Unless it is completely uncalled for, negative feedback generally has the intention of informing us about our areas of improvement. If feedback isn’t provided, you may not grow and improve. If no one tells you that you are doing something wrong, you will keep doing it wrongly forever.
Providing timely feedback may be a sign that the manager cares and wants you to improve.
Don’t Shoot The Messenger
One should not be defensive when provided with negative feedback, and understand that it is for our own good.
One needs to act on the feedback by approaching it from a neutral and objective standpoint, not taking it as a personal attack. Instead of reacting, just pause and listen. Reflect on the feedback, giving yourself some time and space to respond with a level head.