Humans are naturally predisposed to some attitudes and behaviours which can close us off from good choices.
It was a Friday morning and I was waiting in the conference room for my manager. We had just achieved a great milestone as a team and delivered a highly critical time sensitive project. It wasn’t an ordinary success as the entire organization was counting on this platform for a mega event.
Pluralistic ignorance is a psychological state in which we believe that our private thoughts, and feelings, are different from those of others.
If you've been working for some time, you might have wondered occasionally if it was time to change jobs. If you are early in your career, you can bet that this is a decision you will need to make in your life.
Ostriches bury their heads in the sand when they sense danger, assuming that the danger will pass if they just avoid it long enough.
You’ve hear it all the time. Stuff like
Optimizing Business Decisions With MILP (Mixed Integer Linear Programming) and Python: the Ultimate Solution for Business Analytics
How can we transform from the command and control style to leveraging the power of self-direction that energises and engages people?
Entrepreneurship is tough and full of unknowns… Deciding to start a company is like going back to school on purpose, every single day, knowing that there’s much you don’t know. Luckily, it’s 2020: a whole lot of people have started startups before you, and many of them like to talk about it.
An organized anarchy perspective on power and influence in blockchain decision-making.
Product and development teams often try to deal with the uncertainty they face with more research, more analysis, more process, more people and more frameworks. Organisations, especially the larger ones, intensify this rather than help navigate the uncertainty.
Machine learning in talent management has transformed in a manner that such algorithms can learn the behavior and based on that pick up the best suitable person
Data, data everywhere…but not enough to decide!
An exploration into tattoos and their signficiance as a form of human identity art.
How do you decide whether to establish a nonprofit organization or not? Follow the AlmaLinux journey to learn about the questions asked that led to the decision
Find out how to set up processes, effective development practices & communication strategies to make design decisions and handle tech debt as the team scales.
The Dunning-Kruger effect is a phenomenon in which unskilled individuals overestimate their abilities while skilled individuals may underestimate their abilitie
You can make more informed decisions. The decisions can make your business increase its bottom line, evolve, and grow commercially. This decision making is possible when you tap into business intelligence and leveraging on the available digital insights.
Image Source: Unified Infotech
Instead of being caught up in mole whacking, leaders need to do grub hunting - focus on the roots instead of leaf-level problems and decisions.
Gennaro Cuofano (Italy) writes about digital business models, platforms, blockchain business models, and new ways of doing business, all the while managing the growth of a high-tech startup and a small sales team. In this interview: Decentralization, Scaling, and Building Your Own Platform.
When you first dig your teeth into programming, it’s very easy to feel overwhelmed with the vast amount of resources and information you have available to you.
At the end of the day, achieving your dreams takes all three of these things. It requires big dreams, preparation, and actually doing it.
A series of these small decisions scattered throughout our day may seem harmless in the moment, but are they really harmless?
How do I balance myself on the confidence humility see-saw? What if my confidence is seen as arrogance or my humility as a sign of my lack of assertiveness. How do I come across right?
Every person at some point in their career may need to ask themselves “Do I really want to be a manager?” The question may seem straightforward, but the answer is not. It requires digging deeper and finding answers for ourselves without relying on what others believe is the right thing for us to do.
I’ve put together a list of books that contain the ideas that I’ve found most useful for a new product venture at this stage.
In most organisations, big picture thinking comes off as a seasonal flavour often appearing every few months. Mental gymnastics that goes with determining the “why” - meaning or purpose of goals, promise of a better future, and the excitement of doing something new definitely gets the creative juices flowing. Though not for all, most people in the organisation find this phase highly energising and exhilarating. But does this motivation last long?
From an evolutionary standpoint, human beings developed cognitive distortions as a survival method.
“So, what do you think?” — says the Product Manager after a product strategy presentation to his team
Stockdale had no reason to think that the day’s mission was to be anything unique.
Introduction
An argument with a coworker - conflict of opinion. Working on a project that doesn’t energize you - conflict of interest. Didn’t get the promotion - conflict of growth. Working super hard with no time for personal life - internal conflict. Saying yes to work that doesn’t align with your goals - conflict of priorities. Committed a mistake, but can’t come to terms with accepting responsibility - conflict of values. We don’t realize it, but most interactions at work lead to a major or minor conflict.
“Philosophers only explained the world in different ways; but the thing is to change it.” — Karl Marx
According to PwC research, highly data-driven organizations are three times more likely to witness considerable improvement in decision-making. Unfortunately, a whopping 62% of executives still rely more on experience and gut feelings than data to make business decisions.
First principles thinking drives complex problem solving and workplace innovation through reverse engineering. Companies that employ first principles thinking are one step ahead as they plan and build for the future.
The terms correlation and causation are quite often confused, however, they are not synonyms and this article specifies the main reasons why.
We spend a large part of our life at work, and yet when it comes to making a decision “Is this the right company for me,” most of us rely only on our expert intuition without any solid data to back it up.
Rules were not meant to be broken, but there's always a reason to walk on the wild side. Make sure you know how to decide when it is appropriate to do so.
In Frank Herbert’s 1965 science fiction novel Dune, we follow the story of the fall and rise of the aristocratic Atreides family circa 22,000 CE. The principal character, the marquee of the family, Paul Atreides, goes on a unique hero’s journey of guerilla warfare and political maneuvering, with both cosmological and philosophical repercussions. Without giving too much away, a central plot in the novel is Paul discovering his own telos, “the full potential or inherent purpose” of himself, within his mind and his broader destiny. This mystery surrounding Paul’s purpose creates an underground current through most of the novel. And when the current bursts to the surface, the reader is only left to pondering a hypothetical divine mystery. Is the reader witnessing a transfiguration (see Mark 9:1–10) or a revelation (See Revelation 21:1), as this archetypical desert warlord develops into an enlightened desert mystic? Is Paul a mix tape of Moses meets T. E. Lawrence? Or is he experiencing the slow mental descent of an asylum-bound messiah?
Basing our decision on what’s going to happen in the future and not what investments have been made in the past by treating every decision as a new one is indeed very difficult. It’s not a clear, straightforward choice.
Early stages of product development are one of the most exciting times to be a part of the company as a product manager. One of the most important factors that drive the growth and success of the product is how quickly it acquires a large and loyal base of customers. You want these customers to use your product as frequently as possible with minimum friction.
A step by step decision making process to help you choose the best option
Think of the countless times you labeled someone at work as “lazy, boring, incompetent, stupid, irritating, biased, reckless, rude…”
We gravitate towards people who are like us and will most likely believe what we believe. Doesn’t it feel good when others conform to our ideas? Who likes being told that they are not right or what they believe is far from reality?
Do you feel exhausted, even frustrated working hard, putting in extra hours, sometimes even on weekends and late nights trying to catch up on work, but not being able to make progress on your own goals?
Every manager has to undertake a tricky task of teaching employees to make the right decisions, the ones that will be profitable for the business. As my team was growing, I also came to realize I had to delegate responsibility. I don’t like to be micromanaged — so I don’t micromanage my team. My job is to lead people, not to be a bottleneck. I was lucky that Skyeng is all about principle-based decision-making; this is what makes an annual growth of 200% possible. I only had to take those corporate principles, or rules, and apply them to my field of commercial products. I’ll talk about my rules in this article.
Have you noticed what happens when someone asks you a really good open ended question? Your mood shifts and body language changes as your mind sets on a quest to look within, think deeply, and churn out ideas. The endorphin rush that comes from exploring uncharted territories triggers a positive feeling in the body.
We do irrational things all the time, make stupid choices that we regret later. It’s not like we consciously decide to act like a fool. Rather, in those moments when we are making a decision, we seem to be quite pleased and reasonable with our choice. It’s only later we realize how distorted our sense of reality was.
When you are part of a group, do you speak up and voice your opinion or avoid criticism and choose a path of less conflicts. When popularity takes priority over individual responsibility, people develop a tendency to conform to ideas and beliefs that lead to conservative thinking, ignore potential signs of failure, and make decisions with incomplete and biased information leading to groupthink.
While making decisions, how often do we optimise for long term gain at the cost of short term pain? A good process for making decisions requires second order thinking which unravels the implications of our decisions by thinking about its consequences in the future. It requires solving problems in a manner that avoids unintentional and unforeseen outcomes.
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