Posts Tagged ‘wise decision making’
Are You Missing Vital Information Due to the MUM Effect? (Video and Podcast)
Company cultures and top leaders may unconsciously penalize subordinates who bring them bad news. This dangerous judgment error is called the MUM effect and it creates an atmosphere of secrecy that leads successful companies to stagnate and deteriorate. That’s the key take-away message of this episode of the Wise Decision Maker Show, which describes the danger of missing vital information due to the MUM Effect.
Read More8 Steps to Protect Your Career During the COVID-19 Pandemic
Changing jobs or industries during this pandemic is not only possible, but might be critically important for achieving your career potential. Use the best decision-making steps so that you and your career can thrive, not just survive.
Read More8 Steps to Prevent Failure in Implementing Decisions (Videocast and Podcast)
To prevent failure in implementing decisions, or in managing projects or processes, imagine that the implementation completely failed. Then, brainstorm all plausible reasons for failure, and generate solutions to these potential problems. Integrate these solutions into your project or process.
Read MoreThe Trap of Getting Back to Normal in the Pandemic
Your company can survive and thrive in the new abnormal of the pandemic by protecting against mental blindspots such as the normalcy bias.
Read MoreNew Survey Gives Insight On Your Shopping Choices
When it comes to shopping, we overestimate our abilities to keep our impulses in check. You can avoid poor shopping choices by developing a host of shopping mental skills.
Read MoreYour Friends Influence Your Shopping Decisions More Than You Think
The people close to you influence your spending choices more than you think. To make wiser shopping decisions, be aware of how your choices are influenced and commit to only purchasing things for their practical value.
Read MoreWhy Do More Buying Choices Cause Unhappiness?
More buying choices lead to less happiness. To make better shopping decisions, satisfice and limit your options. Look for products that are good enough.
Read MoreThe Dangers of Mental Health Challenges for Startup Founders
Startup founders can defeat mental health challenges and avoid burnout by paying attention to their mental health, seeking help, and standing up to pressure from major investors and Board members
Read MoreWhy Your Negotiations Are Doomed (And How to Rescue Them) (Videocast and Podcast of the “Wise Decision Maker Show”)
We intuitively overestimate how well others read us and how well we read others, a dangerous judgment error called illusion of transparency. This mental blindspot leads to disastrous results in negotiations and communications.
Read MoreThe Secret of Getting Optimistic and Pessimistic Employees to Collaborate Effectively
Maximize the value that pessimists and optimists bring to your enterprise by helping them work together well. Optimists should generate half-baked ideas and give them to the pessimists, who would select the most viable notions and finish baking them into full-fledged plans.
Read More