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Alle markierten Posts mit Stichwort: ‘decision-making’

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

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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 …

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Decisions Don’t Start with Data

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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 …

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How do we really make decisions?

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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 …

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Intuition and Decisions

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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 …

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How to Know When to Trust Your Gut

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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 …

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

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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 …

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Intuitive Decision Making

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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 …

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