Decision-making Reviews?

Decision-making and Valuation

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Decision-making Reviews?

Jerome Groopman says it's about time that managers make themselves more vulnerable by organizing formal decision-making reviews when a poor decision has been made, or when a particularly important decision will have to be made. There is no reason to be scared, since Tversky and Kahneman have demonstrated that there are many shortcuts in human thinking due to Cognitive Biases such as anchoring errors, availability errors and attribution errors. By making themselves more vulnerable, in medicine, senior doctors have begun to encourage those further down in the hierarchy to question decisions more freely, to think more broadly and to challenge their leaders on important decisions. Senior Managers should be open for the same. (source: HBR Feb 2008, p 19-20).


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Decision-making and Valuation

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