Clicky

Decision Making Archives - Page 4 of 6 - Ideas for Leaders

Leadership Ensembles: 4 Blueprints for Senior Decision-Making

Imagine a cellist, taking on different roles depending on whether he/she is playing with a quartet, a chamber orchestra, or a full orchestra. Today’s leaders are not dissimilar; they come together in different arrangements to undertake most of an organization’s decision-making. These groups of leaders, or ‘ensembles’, debate changes in their company’s direction, or draw […]

Read More… from Leadership Ensembles: 4 Blueprints for Senior Decision-Making

Social Influences on Decision-Making: Neuroscience Insights

In making decisions, people are susceptible to the influence of those in their ‘in-group’, who commonly include others of the same age, sex, ethnicity or religion, as well as friends, family members, colleagues and classmates. This is a long-observed and commonly acknowledged phenomenon, often explained in terms of evolutionary biology. (By conforming to the common […]

Read More… from Social Influences on Decision-Making: Neuroscience Insights

Motivation by Last Place Aversion

Professors Ilyana Kuziemko of Columbia Business School and Ryan Buell and Michael Norton of Harvard Business School, working with doctoral candidate Taly Reich of the Stanford Graduate School of Business, collaborated on a series of experiments to explore how far people would go to avoid being in last place. One experiment was designed to measure […]

Read More… from Motivation by Last Place Aversion

Avoiding Flawed Decisions: A Finance Manager’s Role

Rational and objective thinking is not the only influence on the decision-making process. Recognising this, the authors set out to research why good leaders often make flawed decisions, at times dragging their organizations down. According to them, finance managers play an important role, being “savvier” at managing rational thinking and the inevitable personal biases of […]

Read More… from Avoiding Flawed Decisions: A Finance Manager’s Role