All leaders know that decision making is a critical part of their job. And most executives are aware they need to be on the lookout for biases that will distort or mislead and cause their organizations to make the wrong decisions about investments of time and money. Yet research shows that few executives actually use their knowledge about bias to improve their own decision-making practices ‹ or that of their organization.
Dan Lovallo and Olivier Sibony recently described their new research into organizational decision-making and their guidelines for confronting bias and improving the bottom-line decisions. Listen for a guide to strategic decision-making.