Avoid 3 Common Decision-traps

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Decision-making and Valuation > Best Practices > Avoid 3 Common Decision-traps

Avoid 3 Common Decision-traps
Asim, Accountant, United Arab Emirates, Member
Making decisions is your most critical job as a leader. The more high-stakes a decision is, the more likely you are to get stuck. Here's how to avoid three of the most common traps: 1. . Many people give disproportionate weight to the first information they receive. Be sure to pursue other lines of thinking, even if the first one seems right. 2. . Change can be unsettling and it's easy to favor alternatives that keep things the same. Ask yourself if the status quo truly serves your objectives and downplay the urge to stay in your current state. 3. . If you find that new information continually validates your existing point of view, ask a respected colleague to argue against your perspective. Also try to avoid working with people who always agree with you (HBR). (...) Read more? Sign up for free
 

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