Decision Making
Computer Games Used for Training in Decision Making
A prototype that could be used in computer games or e-learning to help train users in decision making is the focus of a study of researchers at Queen’s University Belfast. The theory is taht by using the game to help players improve their ability recognise and make allowances for their […]
Leadership Judgement vs. Rational Decision Making
Making judgement calls is an everyday activity for most leaders. But often, decisions are too complex to rely on gut feel or instinct. They require sufficient information to drive more logic based decisions. We start making judgement decisions from the day we are born, taking in all the environmental, comfort […]
Are We Getting Better At Decision Making?
I came across this video and it raised an interesting point – are we getting any better at decision making? Now the studies prove that we are not making better decisions, but are we any better at how we approach our decisions? According to this video the anwer is NO! […]
The Dangers of Relying on Long-Term Memory in Decision Making
I often get challenged when I suggest that most of us have pretty poor long term recall. Admittedly, I too once believed that about myself – and worse, I still do believe that! And this committed, falsely held opinion is the very essence of why business leaders and decision makers […]
Keep Your Suppliers Close and Customers Closer
Fear is one of the most prevalent emotions experienced during unstable economic times. Ensuring that you maintain a close relationship with suppliers and customers is essential to maintain confidence and an ongoing relationship.
Logical Interpretation – A Subjective Experience
I ran into a very dear friend last night who is an esteemed Doctor of Philosophy and Emeritus Professor. His sphere of expertise has been in theology, most particularly in debunking the theory of evolution. My knowledge in this sphere is such that I would never even consider debating any […]
BI Helps Overcome The Dominant Logic
Business Intelligence has many benefits, not directly attributed to the technology. Apart from providing current data and analytical capability, BI tools can help overcome cultural issues such as what Professor Josep Valor, Sabatier of the IESE Business School of Navarra, Spain, describes as the “dominant logic” of a company. According […]
The Ten Fundamentals of A Logical Organization
There are ten key elements that contribute to The Logical Organization: Thinking – how people think and the various types of thinking used in business; those which are now redundant, and those we should be embracing for the future Insight – how it transforms knowledge into wisdom Intelligence – the […]
Decision Making in the Logical Organisation
The BI industry talks about decisions but not a lot on the actual decisions. Decision making is often confused with problem solving. Whilst solving problems does typically involve making decisions at some point: Problem Solving = Choosing Issues that require attention + Setting Goals + Designing Suitable Courses of Action […]