Blog Tag: Decision Making

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Is it better to work fast or slow?

As I write this post I am watching The Australian Open Tennis Tournament. Then it hit me. Tennis is a lot like work (and life) really. Tennis is a game where there is calm (e.g. the change over), some activity (walking between points) and then a flurry of kinetic energy (e.g. serving and rallying). This…

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How to overcome analysis-paralysis

In a recent benchmark survey we conducted among an international service business, the lowest scoring item was analysis-paralysis. This is a great irony because in a world that is moving faster and faster the very thing that you cannot do is to analyse everything to death. This begs the question how do you overcome analysis-paralysis…

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How to overcome group-think

With more and more work being done in groups or teams it is timely to raise the issue of group-think. This concept was first explored and named by Irving Janis, a research psychologist from Yale University (see http://en.wikipedia.org/wiki/Groupthink for more of an in-depth discussion) . His original definition of Groupthink was; “A mode of thinking that people…

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Do you procrastinate?

Did you answer yes or no? Having trouble deciding? Well are you are a procrastinator? Perhaps the real answer is that for most of us we procrastinate some of the time depending on the time available to complete a project, our interest in the challenge and the attraction of other (often) competing interests. The bigger…

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Making decisions – the best of both worlds!

Life is about making decisions. Hopefully we make more good ones than bad but how can we increase our chance of success? Well there are those that consider the best (and only) way is to consider a range of options, carefully weighing up each alternative and making a rational, objective decision. The trouble with this…

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Two ways to make the ‘right’ decision quickly

Business today is the art of making fast-paced decisions. Here are two ways you can use the principles of Speed Thinking to improve your chances of making the ‘right’ decision: 1. Pros and Cons : The first application of Speed Thinking for decision-making is an old favourite with a twist. In this case you simply…

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Is fast decison making the secret of Sir Richard Branson’s success?

I have just finished reading a BRW interview (April 1-7, pg. 17) with Sir Richard Branson (founder of the Virgin group of companies) and I was struck by his emphasis on what I would call Speed Thinking. For example, ‘we make an implement decisions quickly–usually before our competitors in the market have held their fifth…

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How to make good decsions quickly

We all believe that to make a good decision you need to take your time, carefully create and consider all the options and then make a final choice. This is what many people consider the ideal decision-making process. Yet in the real world when: Time is short Perfect information is not available You do not…

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The Yin-Yang of thinking

Yin-Yang People often ask me how does Speed Thinking compare with Traditional Thinking? A good way of visualizing the answer to this question is the Yin-Yang symbol. Yin-Yang in Chinese Philosophy is used to describe how seemingly opposing forces are interconnected and interdependent in the natural world, giving rise to each other in turn (Wikipedia)….

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Do you procrastinate?

Hint: If you cannot answer this question quickly then perhaps you do. You might be one of the 70% of students who describes themselves as procrastinating from time to time. This continual delaying of decision-making and action can sometimes lead to detrimental impacts in our studies and personal lives. But let’s face it–we all procrastinate at one time…

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