Decision-making forms the backbone of any strategic planning. However, organizations tend to gravitate towards quantitative or objective criteria, leaving behind the important yet often ignored element – subjectivity. The challenge? Quantifying subjectivity. Consider a simple example like buying a car: while price is easy to quantify, style can be much harder to measure, as personal preferences vary widely. How can …
Groundhog Day took place this month in the United States. The holiday was made more famous by the classic Bill Murray movie of the same name. In this film the main character relives the same day over and over and over…for an undisclosed number of presumably years. Experts annually review the movie and make educated guesses that range from eight, …
Think of the last time you were presented with a problem and had to solve it. This can be any kind of problem. Maybe a lightbulb went out in your house and you wanted to fix it or maybe a friend told you to meet them at a certain restaurant, but you don’t know how to get there. Perhaps you’re …
Allovance teams with UM to offer innovative Decision Coach training University of Michigan Economic Growth Institute Welcomes New Partnership with Local Software Startup, Allovance Ann Arbor-based software company Allovance announced the official launch of the new Allovance Certified Decision Coach certification program in partnership with the University of Michigan’s Economic Growth Institute (EGI). The Allovance Certified Decision Coach program is …
Your network server just crashed, and you cannot access shared files. This is certainly urgent, but depending on your business, it may not be important. The concepts of urgency and importance are often confused and at times are used interchangeably even though they are quite different. Welcome to the Founder’s Minute! This is an amazing opportunity to hear the founder …
How many of you have heard the phrase or been told to, “get your priorities straight!”? I am guessing many of you. It was probably a parent, teacher, or other authority figure. The phrase was likely included as a diatribe on how you were not meeting their expectations. The problems with this phrase and its common use are many. Chief …
In July we celebrated Independence Day in the United States. This holiday serves as a birthday party of sorts for the country. Everywhere you look you will see red, white, and blue colors and the word freedom inserted into random places. In a recent blog post we talked about how we make 35,000 decisions each day. How are these related? …
35,000. Depending on what we are talking about this may seem like a small amount or a larger amount. It really all depends on your anchor. What if I put a “$” in front of it? $35,000. Now we may have a different anchor. Maybe it is a salary, or it makes you think of that Tesla 3 on your …
Have you ever been in a situation where you made a decision based on extremely limited information? I am certain the answer is yes. We all “make the quick call”, “follow our gut”, or “act fast”. In fact, it is a behavior that is positively reinforced in advertising, pop culture, and personal/professional anecdotes. Han Solo is the epitome of a …
“Hello, my name is Barnaby and I suffer from decision remorse” It is true. My parents can verify this. As a child, I stressed the small decisions and no matter what choice I made I wondered if I should have made the other decision. Transformer or GI Joe? So much stress. As an adult, I must admit that I still …
