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I googled the phrase "decision making" and got close to 81,000,000 results. And Malcolm Gladwell's Blink, which focused on how sometimes the best decisions are made in an instant, ...
As a result, most organizations are not very good at decision making. It's no surprise that our study of 500 managers and executives found 98% fail to apply best practices when making decisions.
Emotions play a major role in making decisions. When integrated properly with rational thinking, they can enhance the effectiveness of the decision-making process.
Remember, decision-making needs to be pushed down to the lowest competent level. If that’s not done, it means you are not delegating enough. Worse, it means that you may be running a monarchy.
These seasoned executives and educators bring a pragmatic mix of scientific research and real-world experience to guide you, with my additions, through the following seven decision-making steps: 1.
Good luck with that, says Olivier Sibony, who studies decision-making at HEC Paris, a business school. A distinguishing feature of biases is that people are unaware of them.
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