"SUCCESS MANTRA" # 118

TOPIC: DECISION MAKING

SOME DECISION-MAKING ERRORS

Research has identified a few very common errors or points to watch out for when making

decisions, in particular:

● Haste - not to be confused with speed. A decision is made before the facts are

available or without taking the facts into account. Decide in haste - regret at leisure.

● Narrow perspective - often results in addressing the wrong issue because the real issue

has been pre-judged or confined within a framework of analysis that is inappropriate.

● Over-confidence - either in the decision itself or, more commonly, in the

understanding of the issue and facts.

● Rules-of-thumb - relying on rough frameworks or shortcuts for important decisions

instead of carrying out adequate analysis.

● Filtering - screening out unpleasant findings or those that do not support preconceived

notions or the decision you want to make.

● Juggling - lack of analytical framework and, therefore, trying to manage many

variables or pieces of information in your head.

A proper framework helps obviate these problems.

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