Posts tagged Decision-Making
Video: Luck Versus Skill

There are two basic factors in understanding the result of decisions: luck and skill. We like to think that when we make good decisions, it's because of skill, and bad decisions are because of bad luck! But really, you can make a good decision, but get unlucky and have a bad result, and equally, you could make a bad decision and get lucky with a good result. It's important to distinguish between these two factors because otherwise, it could negatively affect your confidence in decision making.

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Making the right choice

What's the best thing to do? What's the ideal way to go?

'The more choice the better' - that's what we have been led to believe. If you are careful and choose which you prefer the most, you'll be happier - even if it's just a small improvement.

But that's not true. The reality is that we can suffer 'paralysis by analysis'.

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Google's highly unlikely success story

“Do you know what Google did?”.

You’ve heard it said before as if it’s describing some game-changing business strategy that nobody else thought of at the time. The reality was much different with a myriad of complicated factors involved, many of which were totally unpredictable. Apple is the other classic story that is presented as inevitably successful, after the fact of course. In reality, many occurrences were entirely dependent on fate, not faith - as Apple commentators would have you believe. The problem with the real success stories is that they are complicated to understand, not quite as inspiring, and seemingly impossible to reproduce.

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To be brave, you have to show vulnerability; to be a leader, you have to go first

“Men don’t talk” - that’s what I’ve been told. The statement is not just harsh and unfair; it’s untrue. I’ve met lots of men who talk, about their feelings too. Many of them love it. I’ve also met female clients who would prefer not to talk about anything. Generalisations are always wrong and there’s always an exception to the rule...

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How to avoid making bad decisions

In 2011, Nobel Prize Winner Daniel Kahneman released his book "Thinking Fast and Slow" which summarises research that he conducted over decades, often in collaboration with his colleague Amos Tversky.  The book was an absolute game-changer as far as I am concerned. Kahneman successfully outlined and defined many common thinking errors which we all make from time to time. Being able to successful identify and avoid these errors will help us we make better choices in our personal and professional lives. That is the aim of this blog post. 

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