The Role of Good Judgment in Decision Making

Decision-making and Valuation

 
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Gandhi Heryanto
Management Consultant, Indonesia
🔥NEW We are often in a situation where there are no right or wrong answers when we must make a decision. In such situations we need "good judgment". Good judgment is the ability to combine personal qualities with relevant knowledge and experience to form opinions and make decisions. According to Likierman S.A., The Elements of Good Judgment, Harvard Business Review, January February 2020, there are six basic components of good judgment, namely learning, trust, experience, detachment, options, and delivery: LEARNING: Listen Attentively, Read Critically Good judgment requires that you turn knowledge into understanding. Many leaders rush to bad judgment because they unconsciously filter the information they receive or are not critical enough about what they hear or read. TRUST: Seek Diversity, Not Validation Leaders can utilize the skills and experience of others as well as their own experiences when they approach a decision. EXPERIENCE: Make it Relevant but Not Narrow Beyond the (...) Read more? Sign up for free

 

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