Decision Making
Noise: How to Overcome the High, Hidden Cost of Inconsistent Decision Making
Andrew M. Rosenfieldhbr.org
The Structure of "Unstructured" Decision Processes
The document describes 25 strategic decision processes using empirical research, highlighting elements like decision recognition, planning, communication, and political influences, to uncover the underlying structure of unstructured processes.
media.corporate-ir.net
Microsoft says meeting time has TRIPLED since 2020: typical workers are spending 57% of their time communicating [meetings, calls] with others: 'Today, knowledge work is, quantitatively speaking, less about creating new things than it is about talking about those things.’ https://t.co/aueW97bOrg
GitHub - joelparkerhenderson/spade-decision-framework: SPADE decision framework: Setting, People, Alternatives, Decide, Explain
github.com
Researchers at MIT have questioned whether SMART goals (specific, measurable, achievable, realistic, time-bound) actually work. They suggest we might get better outcomes if we make our goals FAST (frequently discussed, ambitious, specific and transparent) not SMART. https://t.co/8cNDwLO455
Action bias. Football goalkeepers will jump to the left or right when facing penalties, even though statistically they'd be better off just staying in the middle. Action bias is the tendency to choose action over inaction, even where there's no indication that taking action will help. We tend to (falsely) equate activity with productivity & keeping... See more
In business a “bias to action” is often seen as a good thing because the fear of missing out through inaction is so great.
This is certainly seems to be challenge in the enterprise context. However in smaller, more finitely resourced, businesses opportunity cost is a greater consideration and a leap to action may be suboptimal.
Three keys to faster, better decisions
mckinsey.de“The number of alternatives that leadership teams consider in 70 percent of all important strategic decisions is exactly one. Yet there’s evidence that if you get a second alternative, your decisions improve dramatically.”
Leading Off: Honing your decision-making skills: A leader’s guide
Quote by Chip Heath