Wednesday, October 19, 2016

The Monthly Decision Making Insight: Decision Making Pitfalls Oct. 2016

Decision making is the arena across the art and science; gut feeling and data driven, confidence and humility.


Making a decision is one of the significant tasks for business leadership, however, the high ratio of strategic decisions have been made poorly and cause the catastrophic effect. How to avoid such decision pitfalls, to make effective decisions both strategically and tactically?



How Does a Senior Leader Deal With Blind spots in Decision Making? There’s knowing unknown, there’s unknowing unknown, so it's not a new topic about “Blind Spots,” everyone perhaps has some, but as a senior business leader (or any kind of leader), the blind spots will cloud your vision, trigger your negative emotion, cause your decision ineffectiveness, and screw your leadership competency. So what're the causes of the blind spot, and how to deal with them logically??


Is Communication the Bottleneck in Decision Making? Communication is KEY to modern management, however, communication is not just the soft discipline, it’s both art and science. For example, there’re communication challenges between management and employees, there’s “lost in translation” in cross-functional conversations, how to overcome such challenges? Is communication the bottleneck in decision making, how to achieve the expected outcome?  Understanding the logic behind these inquiries can untie the communication knots.?


The Value or Bias behind Decision Making? Business leaders and managers spend the significant time on making both strategy (long-term) and tactical or operational (mid or short term) decisions, and those decision effects will directly impact businesses’ top line growth and bottom line surviving. Some use gut feeling more often to make decisions, few are good at doing data-oriented decision making, in order to decide smartly, what’s your perspectives of value or bias behind decision making??


An Anti-Digital Mind: A Procrastination Mind? Decision making is both art and science, especially for business leaders, making either strategic or tactical decision effectively is one of the most critical responsibilities facing them every day. So do you have a decisive mind or an anti-digital mind -the procrastination, “the act or habit of procrastinating, or putting off or delaying, especially something requiring immediate attention”?


The Cause and Effect of Silo Thinking? Silo is perhaps one of the most paradoxical symptoms in running business at the industrial era, on one side, most of the organizations are still operating in the functional base to improve efficiency; on the other side, the digital nature of hyperconnectivity and interdependence makes it inevitable to break down the silo, because more often than not, the silo thinking becomes the root cause of ineffective leadership; the silo team fragment the strategy, stagnate execution, motivate the unhealthy internal competition and cause more problems than benefits. More specifically, what’s the cause and effect of silos and silo thinking?


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