Articles Tagged with: decision-making

4 Simple Methods for Quicker Decision-Making for Procrastinators and the Indecisive

Life is full of choice, and whilst it is understandable that we fret over life’s major pathways—Should I go to university? Should I change career sector this late on? When should we start a family?—we are also now fretting over the smaller things in life. Why? Well, simply because we have so many options available to us. The humble weekly grocery shop has turned into an epic adventure, with dozens of brands on offer for every item. On average, we make thousands of decisions a day. When options are overwhelming though, you can’t help but feel pressured into making the right choice. No wonder then that deciding what to wear today, whether to have another biscuit, or what to cook for the family occasion is bringing us out in a cold sweat! If this relates to you, then it is time to regain control and start making snappier decisions…….

Source: www.lifehack.org


Decisions Don’t Start with Data

I recently worked with an executive keen to persuade his colleagues that their company should drop a long-time vendor in favor of a new one. He knew that members of the executive team opposed the idea (in part because of their well-established relationships with the vendor) but he didn’t want to confront them directly, so he put together a PowerPoint presentation full of stats and charts showing the cost savings that might be achieved by the change. He hoped the data would speak for itself. But it didn’t. The team stopped listening about a third of the way through the presentation. Why? It was good data. The executive was right. But, even in business meetings, numbers don’t ever speak for themselves……

See on blogs.hbr.org


How do we really make decisions?

With every decision you take, every judgement you make, there is a battle in your mind – a battle between intuition and logic. And the intuitive part of your mind is a lot more powerful than you may think. Most of us like to think that we are capable of making rational decisions. We may at times rely on our gut instinct, but if necessary we can call on our powers of reason to arrive at a logical decision. We like to think that our beliefs, judgements and opinions are based on solid reasoning. But we may have to think again. Weiterlesen


Intuition and Decisions

Workplaces are shifting from task-oriented environments to requiring more complex problem-solving. The way that business leaders made decisions in the past is no longer a guide to making future decisions; adopting a multifaceted approach that goes beyond traditional reasoning alone is fast becoming a crucial business practice. Such complexity allows for creativity and a focus on the role of human intuition in the workplace. No doubt, data analysis and past results remain crucial to drive business decisions. Yet following gut instinct — even with all of its inherent risks — has pushed many an organization to success. Microsoft Corp. founder Bill Gates was quoted as saying that one often has to rely on intuition. Albert Einstein also was a believer: “The only real valuable thing is intuition,” he once said……

See on www.workforce.com


How to Know When to Trust Your Gut

Entrepreneurs live a life of constant decision making. Is that new person you just met a good fit with the company? Should you enter into a cooperative relationship with another firm? Is the financing deal in the works likely to be completed? These judgments are complex — they involve a large number of intersecting factors and those factors change over time. Psychologists‘ research suggests that there are two modes of thought people use to make complex choices. The first involves looking carefully at the features of a set of options and making decisions in a reasoned manner. The other way is more intuitive and involves responding to the feelings that come up during the process of making choices, or following your gut. Often, we feel guilty about choosing from the gut, because we feel like our choices ought to be based on facts. It is valuable to know when you should go with your gut and when you should avoid it, follow these steps to reach better decisions……

See on www.entrepreneur.com


Intuitive Decision-Making Based on Expertise May Deliver Better Results Than Analytical Approach

Intuition may be just as effective in decision-making as an analytical approach — and sometimes more efficient and effective, depending on the decision-maker’s level of expertise on the subject at had, according to a new report in the Journal of Organizational Behavior and Human Decision Processes by researchers from Boston College, George Mason University and Rice University.

“It turns out intuition isn’t always bad and there are conditions where it is a good way to make the right decision,” said co-author Michael Pratt, the O’Connor Family Professor of Management and Organization at Boston College’s Carroll School of Management. “What we found demystifies a lot of the information out there that says intuition isn’t as effective as if you sat down and walked through an analytical approach.”

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Intuitive Decision Making

Recent research into the workings of our brain has stirred the debate with respect to intuitive decision making versus rational decision making. How much we should rely on intuition when making difficult decisions? In his book, The Power of Intuition, Gary Klein suggests that 90 percent of critical decisions are made using our intuition. Even if only partially true, this would suggest that any approach to improved decision making should address this decision making style.

What do we mean when we talk about intuition?Weiterlesen