Neuroscience has proven that the decision-making ability of the brain is finite and the ability of the brain to make decisions within the day will eventually be depleted with constant use. This ‘Decision-Making Fatigue’ has 2 important consequences for senior…
3 Practical Steps on how to Use your Emotions for Better Decisions
An HBR study on 2015 proved beyond any doubt, that emotions constitute THE most powerful, pervasive and predictable driver of decision-making in Business. Non-conscious managers are unaware of their ‘negative’ emotions or just tend to ignore them, therefore often resulting…
Key Questions for Leadership Teams to ask themselves in order to avoid common Decision Traps
1. To avoid excess risk aversion : What is the worst thing that could happen ? What would be the impact ? What is the probability that it happens ? 2. To avoid analysis-paralysis: What is our ‘gut’ saying about…
Τhe 9 most dangerous Traps in Decision-Making for Leadership Teams
1. The anchoring trap : disproportionate weight is given to the first or the last piece of info 2. The status quo trap : bias towards maintaining the current situation 3. The sunk-cost trap : perpetuate mistakes of the past…
