Decision making is a rational, deductive process. In fact, we learned that gathering data, weighing options, and analyzing cost and benefit is the rational way of coming up with answers. There is another process at play while we are using our reasoning skills, and it is hard to describe as we know we are inclined to an option, yet we …
To view a recording of our October 5th Webinar, the 5-step process for removing the 12 decision making biases that affect every organization, click here. An Analysis of How Decision Biases Can Negatively Impact Your Business Natural biases negatively impact decision making on a regular basis. Organizations struggle with how to identify, understand and avoid these biases to make sure …
Capital spend is growing significantly across multiple industries and it is a crucial factor of financial success to organizations. In our experience working with Fortune 250 companies, they tend to lack a structured process when allocating capital for projects. This challenge has in turn spawned a need for a method in which companies can allocate capital to their strategic priorities. …
Decision making seems like a straightforward process of conscious mental functions. We view making decisions as an application of conscious mental process such as cost and benefit analysis, likes and dislikes, value systems and personal preferences related to those values. Yet, decision making involves a whole other part that is mostly subconscious. That’s what makes it tricky! The subconscious part …
Many of us have very frequently been in a situation wherein we are face to face with a particular issue that requires us to make a decision. Then, right after making a choice, you begin to question that decision. Was it the right thing to do? Perhaps things would have been better if you had made a different decision? The …
