Tag: decision making process

The Coin Flip

Flip a coin. Make a decision HAVE you ever had two options, and found it difficult to choose between them? You may have applied for MBA programs and received offers from Oxford and Cambridge. You may have been offered a new job from a competing firm. Or, you may have been trying to decide what to […]

Tags Business Strategy, Coin Flip, consulting, decision making model, decision making process, decision making skills, decision making techniques, decision making tools, Franklin's Gambit, Management Consulting, rational decision making

Strategy

The Road Not Taken

Which path are you following? TWO ROADS diverged in a yellow wood, And sorry I could not travel both And be one traveler, long I stood And looked down one as far as I could To where it bent in the undergrowth; Then took the other, as just as fair, And having perhaps the better […]

Tags Business Strategy, choice, consulting, decision making, decision making process, Management Consulting, opportunity costs

Leadership

Daniel Kahneman on improving the decision making process

Post author By Tom Spencer
Post date November 8, 2008
1 Comment on Daniel Kahneman on improving the decision making process

IN MAY 2008 the McKinsey Quarterly spoke to Nobel laureate Daniel Kahneman, notable for his work on behavioural finance and hedonic psychology, about quality control and improving the decision making process. 1. The decision factory Kahneman says that you can think of an organisation as a factory for producing decisions. The organisation might produce other […]

Tags behavioural economics, business decision making, Business Strategy, Daniel Kahneman, decision making process, Economics, Gary Klein, leadership, making decisions, nlp anchoring, pre-mortem, quality control, quality of decision